Aspen Hill, Maryland Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Aspen Hill, Maryland rental market.
Aspen Hill, Maryland
Average Apartment Rent
$2,337
Y-o-Y Change in Average
Apartment Rent
-1.5%
As of March 2026
Compared to a year ago, Aspen Hill, Maryland apartments have recorded a -1.5% rent decrease.
Aspen Hill, Maryland Average apartment rent trend
Aspen Hill, Maryland Average Apartment Rent
Aspen Hill, Maryland Apartment rent ranges
At 41.48%, apartments priced $2,000 - $2,500 represent the bulk of Aspen Hill, Maryland rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 0.4%.
Aspen Hill, Maryland Housing tenure**
Renters take up 36% of Aspen Hill, Maryland real estate, occupying a total of 6,311 units, while homeowners live in 11,058 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$64,121
Average household size of renter-occupied housing units**
3.15
Rental vacancy rate**
1.6%
Aspen Hill, Maryland Renter-occupied housing units by no. of bedrooms**
There are 2,637 rentals in Aspen Hill, Maryland with 2 beds making up the highest share of the market, at 42%. Units with No bedrooms, on the other hand, hold the lowest percentage (5%), amounting to 333 units. Overall, the median number of rooms in Aspen Hill, Maryland homes for rent is 4.2.
Aspen Hill, Maryland Renter-occupied units by age of householder**
Most condos for rent in Aspen Hill, Maryland are occupied by residents in the 35 - 44 years age group (24%), followed by those in the 25 - 34 years age group (22%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 3%.
Aspen Hill, Maryland Renter-occupied housing units by family type**
Aspen Hill, Maryland Renter-occupied housing units by the presence of own children**
A total of 4,048 apartments for rent in Aspen Hill, Maryland, or 64% of all rentals are family households. Additionally, 43% of rental homes include children under the age of 18 – that’s 2,712 units. All in all, the median size of a renter-occupied household in Aspen Hill, Maryland is 3.15.
Aspen Hill, Maryland Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 24% of the rental market. In contrast, residents with less than a high school degree reside in 20% of the homes for rent in Aspen Hill, Maryland.
Aspen Hill, Maryland Renter-occupied units by year structure built**
The highest share of Aspen Hill, Maryland apartment rentals, namely 25% or 1,550 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (21%, 1,330 units), and the ones Built 1980 - 1989 (20%, 1,242 units).
Aspen Hill, Maryland Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Aspen Hill, Maryland renters (45%) moved in 2018 to 2020, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Aspen Hill, Maryland condos for rent is 2018.
Aspen Hill, Maryland Renter-occupied housing units by vehicles available**
When it comes to transportation options, 43% of Aspen Hill, Maryland renters have 1 vehicle available per household, 26% of them have 2 vehicles available, and 16% have No vehicle available.
Aspen Hill, Maryland Means of transportation to work of householders living in renter-occupied housing units**
Aspen Hill, Maryland Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Aspen Hill, Maryland apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
