Rental Market Trends in Annapolis, MD

Q: What is the average rent in Annapolis, MD?

As of February 2025, the average rent in Annapolis, MD was $2,115/month.

What is the average rent in Annapolis, MD?

$2,115/month

Average Rent

683 Sq Ft

Average Apartment Size

+1.2%

Increase in the Last Year

As of February 2025, the average rent in Annapolis, MD is $2,115 per month. This is 36% higher than the national average rent price of $1,557/month, making Annapolis one of the most expensive cities in the US. When you rent an apartment in Annapolis, you can expect to pay about $1,910 per month for a studio, $2,115 for a one-bedroom apartment, and around $2,311 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,759 or more.

Floor Plan Type

Average Rent

Average Sq Ft

Studio

$1,910/month

555 Sq Ft

One Bedroom

$2,115/month

683 Sq Ft

Two Bedroom

$2,311/month

1,007 Sq Ft

Three Bedroom

$2,759/month

1,194 Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

Two Bedroom

$2,439/month

1,040 Sq Ft

Three Bedroom

$3,780/month

1,264 Sq Ft

Four Bedroom

$7,928/month

2,264 Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

Three Bedroom

$3,039/month

1,191 Sq Ft

How much has average rent changed in Annapolis, MD?

In the past year, rent has increased by 1.2%, which averages out to $25 more per month.

Percentage*

Rent Range

0% Below $700/month

0% $700 - $1,000/month

15% $1,001 - $1,500/month

15% $1,501 - $2,000/month

70% Above $2,000/month

Rent by Neighborhood

Last Updated Today

What are the most affordable neighborhoods in Annapolis?

Based on current rent prices, Downtown Annapolis, Eastport and Parole are the most affordable neighborhoods in Annapolis.

Calculate Rent Affordability

Neighborhood

Average Rent

Average Sq Ft

Downtown Annapolis

$1,907/month

605 Sq Ft

Eastport

$2,217/month

750 Sq Ft

Parole

$2,521/month

734 Sq Ft

What are the most expensive neighborhoods in Annapolis?

Based on current rent prices, Parole, Eastport and Downtown Annapolis are the most expensive neighborhoods in Annapolis.

Calculate Rent Affordability

Neighborhood

Average Rent

Average Sq Ft

Parole

$2,521/month

734 Sq Ft

Eastport

$2,217/month

750 Sq Ft

Downtown Annapolis

$1,907/month

605 Sq Ft

Which Annapolis neighborhoods have the most rentals available?

The neighborhoods in Annapolis with the most apartments available are Parole, Eastport and Downtown Annapolis .

Calculate Rent Affordability

Neighborhood

Average Rent

Average Sq Ft

Parole

$2,521/month

734 Sq Ft

Eastport

$2,217/month

750 Sq Ft

Downtown Annapolis

$1,907/month

605 Sq Ft

What salary do I need to live comfortably in Annapolis, MD?

Because the average rent in Annapolis is $2,115, you’ll want to make about $7,050 per month or $84,600 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

How does Annapolis, MD compare to other nearby cities and neighborhoods?

Use the tool below to compare Annapolis, MD to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Annapolis, MD

Apartment Averages

Downtown Annapolis

Annapolis, MD

Parole

Annapolis, MD

Studio

$2,004/month

One Bedroom

$1,484/month

$2,301/month

Two Bedroom

$1,444/month

$2,697/month

Three Bedroom

$3,483/month

Nearby City Rent Trends

Arnold Average Rent

Apartment communities in Annapolis we think you'll love

Avalon Annapolis

2500 Riva Rd,
Annapolis, MD 21401

Studio - 2 Beds | $2,080 - $3,560

Nautilus Point

655 Americana Dr,
Annapolis, MD 21403

Studio - 3 Beds | $1,218 - $4,420

Maris

2445 Holly Ave,
Annapolis, MD 21401

Studio - 2 Beds | $1,836 - $3,460

Annapolis Roads

1 Eaglewood Rd,
Annapolis, MD 21403

1-3 Beds | $1,908 - $2,972

Property Management Companies in Annapolis, MD

Greystar

3,233

Communities
894,018

Units
830

Cities

3 Communities in Annapolis

Bozzuto

370

Communities
113,466

Units
154

Cities

3 Communities in Annapolis

Willow Bridge

686

Communities
187,197

Units
310

Cities

1 Community in Annapolis

Bell Partners

261

Communities
83,093

Units
138

Cities

1 Community in Annapolis

AvalonBay

190

Communities
66,185

Units
127

Cities

1 Community in Annapolis

Kushner Companies

64

Communities
20,235

Units
49

Cities

1 Community in Annapolis

Pennrose Management Company

51

Communities
6,232

Units
37

Cities

1 Community in Annapolis

The Bainbridge Companies

52

Communities
16,846

Units
35

Cities

1 Community in Annapolis

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United States Maryland Annapolis Rental Trends

Methodology

† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

* Percentages may not total 100 due to rounding.