Baltimore City, 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 Baltimore City, Maryland rental market.
Baltimore City, Maryland
Average Apartment Rent
$1,655
Y-o-Y Change in Average
Apartment Rent
0.6%
As of May 2026
Compared to a year ago, Baltimore City, Maryland apartments have recorded a 0.6% rent increase.
Baltimore City, Maryland Average apartment rent trend
Baltimore City, Maryland Average Apartment Rent
Baltimore City, Maryland Apartment rent ranges
At 42.61%, apartments priced $1,000 - $1,500 represent the bulk of Baltimore City, Maryland rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 4.87%.
Baltimore City, Maryland Housing tenure**
Renters take up 52% of Baltimore City, Maryland real estate, occupying a total of 129,160 units, while homeowners live in 118,072 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$40,893
Average household size of renter-occupied housing units**
2.09
Rental vacancy rate**
6.7%
Baltimore City, Maryland Renter-occupied housing units by no. of bedrooms**
There are 43,263 rentals in Baltimore City, Maryland with 2 beds making up the highest share of the market, at 33%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 1,178 units. Overall, the median number of rooms in Baltimore City, Maryland homes for rent is 4.2.
Baltimore City, Maryland Renter-occupied units by age of householder**
Most condos for rent in Baltimore City, Maryland are occupied by residents in the 25 - 34 years age group (29%), followed by those in the 35 - 44 years age group (19%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Baltimore City, Maryland Renter-occupied housing units by family type**
Baltimore City, Maryland Renter-occupied housing units by the presence of own children**
A total of 50,501 apartments for rent in Baltimore City, Maryland, or 39% of all rentals are family households. Additionally, 23% of rental homes include children under the age of 18 – that’s 29,495 units. All in all, the median size of a renter-occupied household in Baltimore City, Maryland is 2.09.
Baltimore City, Maryland Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 30% of the rental market. In contrast, residents with less than a high school degree reside in 14% of the homes for rent in Baltimore City, Maryland.
Baltimore City, Maryland Renter-occupied units by year structure built**
The highest share of Baltimore City, Maryland apartment rentals, namely 31% or 40,156 units, were Built 1939 or earlier, followed by those Built 1950 - 1959 (13%, 16,464 units), and the ones Built 1960 - 1969 (13%, 16,383 units).
Baltimore City, Maryland Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Baltimore City, Maryland renters (43%) moved in 2010 to 2017, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Baltimore City, Maryland condos for rent is 2017.
Baltimore City, Maryland Renter-occupied housing units by vehicles available**
When it comes to transportation options, 42% of Baltimore City, Maryland renters have 1 vehicle available per household, 41% of them have No vehicle available, and 14% have 2 vehicles available.
Baltimore City, Maryland Means of transportation to work of householders living in renter-occupied housing units**
Baltimore City, 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 Baltimore City, 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
