Average Rent in Baltimore, MD: $1,857/mo

About Rent Prices in Baltimore, MD

Baltimore offers East Coast urban living with historic neighborhoods, waterfront access, and proximity to Washington DC at more affordable prices. The city combines blue-collar heritage with growing technology and healthcare sectors. Crime remains a significant issue affecting some neighborhoods.

The fair market rent (FMR) in Baltimore, MD represents the 40th percentile of gross rents for standard quality rental housing. This data is published annually by the U.S. Department of Housing and Urban Development (HUD) and is used for various housing programs including Section 8 vouchers. As of 2025, the median rent for a 2-bedroom apartment is $1,857 per month.

Rent by Apartment Size in Baltimore, MD

The Baltimore Rental Market

Baltimore's rental market offers better value than DC or Philadelphia while providing similar East Coast urban experience. Maryland has no rent control. Neighborhoods vary dramatically in safety and pricing. Landlords typically require proof of income at 2-3x monthly rent and conduct thorough background checks.

Neighborhoods in Baltimore

Federal Hill, Fells Point, and Canton command premium rents with waterfront access and nightlife. Mount Vernon offers culture and walkability. Hampden attracts artists. More affordable areas include Pigtown, Remington, and various neighborhoods. The city's block-by-block variation requires careful research.

Renter's Guide to Baltimore

Baltimore has significant crime variation by neighborhood and even by block - research carefully. The Inner Harbor has been revitalized. MARC train connects to DC for commuters. Street parking can be challenging. Many rowhomes offer character but check condition. Start searching 4-6 weeks before moving.

Cost of Living Considerations

Baltimore is significantly more affordable than DC or NYC while offering East Coast access. Maryland has state income tax. Crime affects insurance and safety. Public transit via metro and buses exists. Food scene has grown significantly. Proximity to DC provides job access without DC housing costs.

Rental Market Trends in Baltimore

Understanding recent trends helps renters time their apartment search effectively. The Baltimore, MDrental market has been influenced by population migration patterns, remote work adoption, and local economic conditions. Seasonal variations typically show higher demand and prices in summer months when families prefer to move, while winter often brings more negotiating power for renters.

New apartment construction in Baltimore affects supply and pricing dynamics. Areas experiencing significant development may see rent stabilization or decreases as more units come to market, while established neighborhoods with limited new construction tend to see steady price appreciation. Monitoring vacancy rates provides insight into market tightness - rates below 5% typically indicate a competitive market favoring landlords.

What Affects Rent Prices in Baltimore?

• Location: Proximity to downtown, employment centers, and desirable neighborhoods significantly impacts rent. In Baltimore, location can create 30-50% price variations.
• Building Quality: Newer buildings with modern amenities command premium rents. Expect to pay 15-25% more for properties built within the last 5 years.
• Transportation: Access to public transit or major highways affects desirability and rent prices. Properties within walking distance of transit often command 10-20% premiums.
• Local Economy: Job market strength and major employer presence drive rental demand. Baltimore's primary employment sectors directly influence neighborhood pricing.
• Schools: Family-oriented renters pay premiums for quality school districts. Top-rated school zones can add 20-30% to comparable properties.
• Safety: Crime rates and neighborhood safety influence pricing significantly. Low-crime neighborhoods typically command meaningful premiums.
• Amenities: In-unit laundry, parking, pools, fitness centers, and other building amenities can add $100-300+ monthly to base rent.

Tips for Renting in Baltimore