Rent in Maryland
The median 2-bedroom Fair Market Rent in Maryland is $1,833/mo, ranking #9 out of 51 states for highest rent. This is $583 above the national median of $1,250/mo. Maryland has a population of 6.2M. About 32.5% of households rent their homes. Fair Market Rent data covers 8 areas across the state.
Highlights
All 8 Areas in Maryland
| Area | Studio | 1BR | 2BR | 3BR | Burden | YoY |
|---|---|---|---|---|---|---|
| Washington-Arlington-Alexandria Pop. 6.3M | $1,953 | $2,015 | $2,246 | $2,835 | 21.8% | +9.8% |
| Calvert County Pop. 94K | $1,811 | $1,851 | $2,083 | $2,639 | 18.9% | - |
| Baltimore-Columbia-Towson Pop. 2.8M | $1,362 | $1,511 | $1,857 | $2,358 | 22.9% | -4.4% |
| St. Mary's County Pop. 114K | $1,394 | $1,672 | $1,833 | $2,264 | 19.2% | - |
| Philadelphia-Camden-Wilmington Pop. 6.2M | $1,397 | $1,520 | $1,810 | $2,170 | 24.3% | +4.2% |
| Salisbury Pop. 129K | $1,054 | $1,061 | $1,378 | $1,818 | 23.8% | +5.1% |
| Hagerstown Pop. 299K | $869 | $961 | $1,261 | $1,700 | 20% | +2.9% |
| Somerset County Pop. 25K | $901 | $907 | $1,167 | $1,586 | 26.7% | +6.1% |
Frequently Asked Questions
The median 2-bedroom Fair Market Rent across Maryland is $1,833 per month. Rents range from $1,167/mo in Somerset County to $2,246/mo in Washington-Arlington-Alexandria. The actual median gross rent statewide is $1,662/mo according to Census data.
Maryland ranks #9 out of 51 states for highest median Fair Market Rent. The state median 2BR FMR of $1,833/mo is $583 above the national median of $1,250/mo.
The average rent burden across Maryland is 22.2%, meaning a typical household would spend 22.2% of income on a 2-bedroom at Fair Market Rent. No areas exceed HUD's 30% cost-burden threshold. The statewide median household income is $101,652.
The most affordable area in Maryland is Somerset County with a 2-bedroom Fair Market Rent of $1,167/mo. The median household income there is $52,462.
The most expensive area in Maryland is Washington-Arlington-Alexandria with a 2-bedroom Fair Market Rent of $2,246/mo. The median household income there is $123,896.
Fair Market Rents represent the 40th percentile of gross rents for standard-quality rental units. State-level income and demographic data comes from the Census Bureau ACS 5-Year estimates. Rent burden is calculated as annual 2BR FMR divided by area median household income.