Solaire 7607 Old Georgetown
7607 Old Georgetown Rd,
Bethesda, MD 20814
1-2 Beds | $2,702 - $4,827
Rental Market Trends in Chevy Chase, MD
What is the average rent in Chevy Chase, MD?
$2,209/month
Average Rent
811 Sq Ft
Average Apartment Size
+4.2%
Increase in the Last Year
As of December 2024, the average rent in Chevy Chase, MD is $2,209 per month. This is 42% higher than the national average rent price of $1,560/month, making Chevy Chase one of the most expensive cities in the US. When you rent an apartment in Chevy Chase, you can expect to pay about $1,780 per month for a studio, $2,209 for a one-bedroom apartment, and around $2,895 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $4,270 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 Chevy Chase, MD?
In the past year, rent has increased by 4.2%, which averages out to $93 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 Chevy Chase, MD
Last Updated December 2024
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
13%
$1,001 - $1,500/month
13%
$1,501 - $2,000/month
73%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Chevy Chase?
Based on current rent prices, Chevy Chase Terrace, Friendship Village and Chevy Chase Lake are the most affordable neighborhoods in Chevy Chase.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Chevy Chase?
Based on current rent prices, Chevy Chase Lake, Friendship Village and Chevy Chase Terrace are the most expensive neighborhoods in Chevy Chase.
Neighborhood
Average Rent
Average Sq Ft
Which Chevy Chase neighborhoods have the most rentals available?
The neighborhoods in Chevy Chase with the most apartments available are Chevy Chase Lake, Friendship Village and Chevy Chase Terrace .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Chevy Chase, MD?
Because the average rent in Chevy Chase is $2,209, you’ll want to make about $7,363 per month or $88,356 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 Chevy Chase, MD compare to other nearby cities and neighborhoods?
Use the tool below to compare Chevy Chase, 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
-
$2,011/month
One Bedroom
-
$2,540/month
Two Bedroom
-
$3,422/month
Three Bedroom
-
$4,869/month
Nearby City Rent Trends
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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.