What Is the Average Rent in Baltimore?
Uncover the real cost of living in Baltimore. Get essential insights into typical rental prices across the city.
Baltimore, Maryland, is a vibrant East Coast city with a dynamic rental market that reflects its diverse neighborhoods and economic landscape. Understanding the average rent in this historic city is an important consideration for anyone looking to relocate or manage property within its limits. Rental costs are influenced by numerous factors, ranging from apartment size to specific location within the city. This article explores the general rental costs in Baltimore, delves into how prices vary by unit size and neighborhood, and identifies key elements that shape the rental market.
Understanding Baltimore’s Average Rent
As of August 2025, the average monthly rent in Baltimore is approximately $1,497. This figure places Baltimore’s rental prices about 9% lower than the national average, indicating a relatively more affordable market compared to many other major U.S. cities. While this average offers a general benchmark, actual rental costs can fluctuate based on specific property characteristics and market conditions. For example, some data sources indicate the average rent could be as high as $1,650 or $1,595 around the same period.
The Baltimore rental market has seen modest increases over the past year, with some reports noting a 1.3% rise, or about $20 per month. This reflects a steady, rather than rapid, appreciation in rental values. The cost of living in Baltimore generally aligns closely with the national average, though housing costs specifically tend to be less expensive than the national benchmark. This affordability contributes to Baltimore’s appeal for renters seeking urban living without the higher price tags found in some neighboring metropolitan areas.
Rent Variations by Apartment Size
Rental prices in Baltimore are significantly influenced by the size of the apartment, typically measured by the number of bedrooms. Studio apartments, offering a compact living space, generally command an average monthly rent of around $1,373. These units are often favored by single individuals or students seeking efficiency and lower costs.
A one-bedroom apartment in Baltimore averages approximately $1,497 per month. This size is popular among young professionals and couples. For those needing more space, two-bedroom units typically rent for about $1,623 monthly, providing additional room for roommates, families, or home offices. Larger accommodations, such as three-bedroom apartments, average around $1,886 or more per month, catering to larger families or groups requiring substantial living areas.
Neighborhood-Specific Rent Averages
Baltimore’s diverse neighborhoods present a wide range of rental prices. In some of the city’s more sought-after areas, such as Fells Point, average rents can reach approximately $2,653 per month, due to its historic charm, waterfront views, and vibrant social scene. Canton also commands higher rents, with averages around $2,425, driven by its waterfront location and modern developments. Federal Hill, known for its historic row homes and lively nightlife, sees average rental prices exceeding $2,000 per month.
More affordable rental options are available in neighborhoods like Frankford, where the average rent is about $1,007 per month. Reservoir Hill also offers more budget-friendly choices, with average rents around $1,094. Mid-range neighborhoods, such as Downtown Baltimore, feature average rents of approximately $1,672. Similarly, Mount Vernon, a historic cultural hub, has average rental prices around $1,500 per month.
Key Factors and Resources for Rent Information
Several factors beyond size and neighborhood influence rental prices in Baltimore. Amenities like in-unit laundry, parking, or access to fitness centers can significantly impact a property’s rental value. The age and condition of the building also play a role, with newer or recently renovated units often commanding higher rents. Proximity to public transportation, major highways, and highly-rated schools can further elevate rental costs.
The local economic climate, including employment rates and market demand, also directly affects rental pricing. Strong job growth and population influx can increase demand, leading to upward pressure on rents. To find current rental information, prospective renters can utilize various online platforms. Websites such as Apartments.com, Zillow, Zumper, and RentCafe provide listings, average rent data, and neighborhood insights. Local real estate websites and the Baltimore City Department of Housing also offer valuable resources.