Statistics About The Average Rent In Baltimore

In this post, we will explore the average rent in Baltimore with a collection of informative statistics that shed light on the city’s rental market dynamics. From the contrasting figures between Baltimore County and the city itself to insights on specific neighborhoods and apartment sizes, these statistics provide a comprehensive overview of the rental landscape in Baltimore.

Statistic 1

"Baltimore County has slightly lower average rent compared to the city, averaging around $1,200 per month."

Statistic 2

"Over the past decade, rental prices in Baltimore have risen by about 22%."

Statistic 3

"Baltimore's historic row homes in neighborhoods like Bolton Hill rent for an average of $1,600 per month."

Statistic 4

"The average vacancy rate for rental properties in Baltimore is around 5.4%."

Statistic 5

"Inner Harbor and Federal Hill are among the neighborhoods with the highest rents in Baltimore."

Statistic 6

"Four-bedroom homes in Baltimore rent for an average of $2,400 per month."

Statistic 7

"The average studio apartment in Baltimore rents for around $1,100 per month."

Statistic 8

"The highest demand for rental units in Baltimore is for one-bedroom apartments."

Statistic 9

"Renting a house in Baltimore can cost an average of $2,000 per month."

Statistic 10

"45% of households in Baltimore are renter-occupied."

Statistic 11

"The lowest average rents in Baltimore can be found in the Cherry Hill neighborhood, averaging $900 per month."

Statistic 12

"Baltimore's rent has increased by around 3.2% year-over-year."

Statistic 13

"60% of Baltimore's rental market consists of multi-family rental properties."

Statistic 14

"Mount Vernon is one of Baltimore's most affordable neighborhoods, with average rent around $950 per month."

Statistic 15

"The average rent for a one-bedroom apartment in Baltimore is approximately $1,250 per month."

Statistic 16

"The average rent for an apartment in Baltimore decreased by 0.5% in 2020 due to the COVID-19 pandemic."

Statistic 17

"Baltimore ranks among the top 50 most expensive cities for renters in the U.S."

Statistic 18

"The average rent for a three-bedroom apartment in Baltimore is close to $1,800 per month."

Statistic 19

"The average rent for a two-bedroom apartment in Baltimore is about $1,450 per month."

Statistic 20

"Utilities in Baltimore typically cost renters an additional $150 per month on average."

In conclusion, the average rent in Baltimore varies across neighborhoods and property types, with Baltimore County generally having lower rental prices compared to the city. Rental prices in Baltimore have seen a steady increase over the past decade, with certain neighborhoods like Bolton Hill commanding higher rents. The demand for rental units in Baltimore remains strong, particularly for one-bedroom apartments. While the rental market in Baltimore can be competitive, there are affordable options in neighborhoods like Cherry Hill and Mount Vernon. The impact of the COVID-19 pandemic is evident with a slight decrease in average rents in 2020. Overall, Baltimore ranks among the top 50 most expensive cities for renters in the U.S., emphasizing the importance of understanding the local rental market dynamics and trends.