Chevy Chase, Maryland Rental Market Trends

Disclaimer:

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 Chevy Chase, Maryland rental market.

Chevy Chase, Maryland

Average Apartment Rent

$2,739

Y-o-Y Change in Average
Apartment Rent

-1%

As of March 2026

Compared to a year ago, Chevy Chase, Maryland apartments have recorded a -1% rent decrease.

Chevy Chase, Maryland Average apartment rent trend

Median Rent Jul 2023 Nov 2023 Mar 2024 Jul 2024 Nov 2024 Mar 2025 Jul 2025 Nov 2025 Mar 2026
Chevy Chase $2,688 $2,706 $2,669 $2,709 $2,727 $2,766 $2,800 $2,762 $2,739
National $1,735 $1,724 $1,729 $1,750 $1,743 $1,749 $1,763 $1,749 $1,750
Chevy Chase
National
Jul 2023
$2,688
$1,735
Nov 2023
$2,706
$1,724
Mar 2024
$2,669
$1,729
Jul 2024
$2,709
$1,750
Nov 2024
$2,727
$1,743
Mar 2025
$2,766
$1,749
Jul 2025
$2,800
$1,763
Nov 2025
$2,762
$1,749
Mar 2026
$2,739
$1,750

Chevy Chase, Maryland Average Apartment Rent

Chevy Chase, Maryland Apartment rent ranges

Under $1,000
$1,001 - $1,500
$1,501 - $2,000
$2,001 - $2,500
$2,501 - $3,000
Over $3,000

At 32.82%, apartments priced $2,000 - $2,500 represent the bulk of Chevy Chase, Maryland rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 0.73%.

Chevy Chase, Maryland Housing tenure**

Renter occupied housing units 62
Owner occupied housing units 933

Renters take up 6% of Chevy Chase, Maryland real estate, occupying a total of 62 units, while homeowners live in 933 properties.

Median number of rooms of renter-occupied housing units**

9

Average household size of renter-occupied housing units**

3.82

Chevy Chase, Maryland Renter-occupied housing units by no. of bedrooms**

4 beds 24
5 or more beds 38

There are 38 rentals in Chevy Chase, Maryland with 5 or more beds making up the highest share of the market, at 61%. Units with 4 beds, on the other hand, hold the lowest percentage (39%), amounting to 24 units. Overall, the median number of rooms in Chevy Chase, Maryland homes for rent is 9.

Chevy Chase, Maryland Renter-occupied units by age of householder**

25 - 34 years 4
35 - 44 years 25
45 - 54 years 15
55 - 59 years 13
60 - 64 years 5

Most condos for rent in Chevy Chase, Maryland are occupied by residents in the 35 - 44 years age group (40%), followed by those in the 45 - 54 years age group (24%). At the same time, people in the 25 - 34 years age group make up the lowest share of the local rental market – 6%.

Chevy Chase, Maryland Renter-occupied housing units by family type**

Family households 52
Non-Family Households 10

Chevy Chase, Maryland Renter-occupied housing units by the presence of own children**

With related children of the householder under 18 44
No related children of the householder under 18 18

A total of 52 apartments for rent in Chevy Chase, Maryland, or 84% of all rentals are family households. Additionally, 71% of rental homes include children under the age of 18 – that’s 44 units. All in all, the median size of a renter-occupied household in Chevy Chase, Maryland is 3.82.

Chevy Chase, Maryland Renter-occupied housing units by educational attainment**

Bachelor's degree or higher 62

In terms of education, renters holding bachelor degrees or higher make up 100% of the rental market. In contrast, residents with less than a high school degree reside in 0% of the homes for rent in Chevy Chase, Maryland.

Chevy Chase, Maryland Renter-occupied units by year structure built**

Built 2000 - 2009 25
Built 1940 - 1949 5
Built 1939 or earlier 32

The highest share of Chevy Chase, Maryland apartment rentals, namely 52% or 32 units, were Built 1939 or earlier, followed by those Built 2000 - 2009 (40%, 25 units), and the ones Built 1940 - 1949 (8%, 5 units).

Chevy Chase, Maryland Renter-occupied units by year householder moved in**

Moved in 2018 to 2020 41
Moved in 2010 to 2017 16
Moved in 1989 or earlier 5

Median year renter moved into unit 2019

Most Chevy Chase, Maryland renters (66%) moved in 2018 to 2020, while only 8% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Chevy Chase, Maryland condos for rent is 2019.

Chevy Chase, Maryland Renter-occupied housing units by vehicles available**

1 vehicle available 18
3 or more vehicles available 44

When it comes to transportation options, 71% of Chevy Chase, Maryland renters have 3 or more vehicles available per household, while 29% of them have 1 vehicle available.

Chevy Chase, Maryland Means of transportation to work of householders living in renter-occupied housing units**

Car, truck, or van - drove alone 40
Car, truck, or van - carpooled 8
Public transportation (excluding taxicab) 4
Worked at home 46

Chevy Chase, Maryland Geographical mobility in the past year for householders living in renter-occupied housing units**

Same house as 1 year ago 205
Moved from different state 21
Moved from abroad 8

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 Chevy Chase, 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

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