The Lucie
3850 Boston St,
Baltimore, MD 21224
Studio - 2 Beds | $1,500 - $4,200
Rental Market Trends in Baltimore, MD
What is the average rent in Baltimore, MD?
$1,467/month
Average Rent
691 Sq Ft
Average Apartment Size
+2.9%
Increase in the Last Year
As of December 2024, the average rent in Baltimore, MD is $1,467 per month. For comparison, the national average rent price in the US is currently $1,560/month, which means Baltimore rent prices are 6% lower than the national average. When you rent an apartment in Baltimore, you can expect to pay about $1,311 per month for a studio, $1,467 for a one-bedroom apartment, and around $1,595 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,852 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Baltimore, MD?
In the past year, rent has increased by 2.9%, which averages out to $44 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Baltimore, MD
Last Updated December 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
18%
$700 - $1,000/month
47%
$1,001 - $1,500/month
22%
$1,501 - $2,000/month
11%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Baltimore?
Based on current rent prices, West Baltimore City, Northeast Baltimore City and Northwest Baltimore City are the most affordable neighborhoods in Baltimore.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Baltimore?
Based on current rent prices, Harbor East, Locust Point and Fells Point are the most expensive neighborhoods in Baltimore.
Neighborhood
Average Rent
Average Sq Ft
Which Baltimore neighborhoods have the most rentals available?
The neighborhoods in Baltimore with the most apartments available are Downtown Baltimore, Canton and Federal Hill .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Baltimore, MD?
Because the average rent in Baltimore is $1,467, you’ll want to make about $4,890 per month or $58,680 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 Baltimore, MD compare to other nearby cities and neighborhoods?
Use the tool below to compare Baltimore, 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.
Studio
$1,084/month
$910/month
One Bedroom
$1,113/month
$1,091/month
Two Bedroom
$1,282/month
$1,251/month
Three Bedroom
$1,605/month
$1,546/month
Nearby City Rent Trends
Apartment communities in Baltimore we think you'll love
Property Management Companies in Baltimore, MD
WPM Real Estate Management
-
54
Communities
-
9,898
Units
-
24
Cities
27 Communities in Baltimore
Bozzuto
-
351
Communities
-
107,559
Units
-
151
Cities
11 Communities in Baltimore
Apartment Services
-
32
Communities
-
7,152
Units
-
15
Cities
11 Communities in Baltimore
Morgan Properties
-
313
Communities
-
94,519
Units
-
191
Cities
10 Communities in Baltimore
Maryland Management
-
34
Communities
-
8,701
Units
-
14
Cities
10 Communities in Baltimore
Atlantic Realty Management
-
10
Communities
-
1,761
Units
-
2
Cities
10 Communities in Baltimore
Southern Management Companies
-
57
Communities
-
22,000
Units
-
32
Cities
8 Communities in Baltimore
Greystar
-
3,187
Communities
-
882,853
Units
-
828
Cities
7 Communities in Baltimore
Learn more with helpful articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
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.