Bel Air, 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 Bel Air, Maryland rental market.
Bel Air, Maryland
Average Apartment Rent
$1,878
Y-o-Y Change in Average
Apartment Rent
3.8%
As of May 2026
Compared to a year ago, Bel Air, Maryland apartments have recorded a 3.8% rent increase.
Bel Air, Maryland Average apartment rent trend
Bel Air, Maryland Average Apartment Rent
Bel Air, Maryland Apartment rent ranges
At 58.42%, apartments priced $1,500 - $2,000 represent the bulk of Bel Air, Maryland rentals, while condos priced Over $3,000 hold the lowest share of the market – 0.54%.
Bel Air, Maryland Housing tenure**
Renters take up 40% of Bel Air, Maryland real estate, occupying a total of 1,979 units, while homeowners live in 2,918 properties.
Median number of rooms of renter-occupied housing units**
4.6
Renter median household income**
$44,092
Average household size of renter-occupied housing units**
1.97
Rental vacancy rate**
2.2%
Bel Air, Maryland Renter-occupied housing units by no. of bedrooms**
There are 1,087 rentals in Bel Air, Maryland with 2 beds making up the highest share of the market, at 55%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 16 units. Overall, the median number of rooms in Bel Air, Maryland homes for rent is 4.6.
Bel Air, Maryland Renter-occupied units by age of householder**
Most condos for rent in Bel Air, Maryland are occupied by residents in the 35 - 44 years age group (28%), followed by those in the 25 - 34 years age group (16%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 6%.
Bel Air, Maryland Renter-occupied housing units by family type**
Bel Air, Maryland Renter-occupied housing units by the presence of own children**
A total of 540 apartments for rent in Bel Air, Maryland, or 27% of all rentals are family households. Additionally, 17% of rental homes include children under the age of 18 – that’s 342 units. All in all, the median size of a renter-occupied household in Bel Air, Maryland is 1.97.
Bel Air, Maryland Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 29% of the rental market. In contrast, residents with less than a high school degree reside in 10% of the homes for rent in Bel Air, Maryland.
Bel Air, Maryland Renter-occupied units by year structure built**
The highest share of Bel Air, Maryland apartment rentals, namely 41% or 805 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (17%, 346 units), and the ones Built 1960 - 1969 (14%, 272 units).
Bel Air, Maryland Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Bel Air, Maryland renters (49%) moved in 2010 to 2017, while only 3% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Bel Air, Maryland condos for rent is 2016.
Bel Air, Maryland Renter-occupied housing units by vehicles available**
When it comes to transportation options, 56% of Bel Air, Maryland renters have 1 vehicle available per household, 30% of them have 2 vehicles available, and 7% have No vehicle available.
Bel Air, Maryland Means of transportation to work of householders living in renter-occupied housing units**
Bel Air, 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 Bel Air, 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
