Elkton, 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 Elkton, Maryland rental market.
Elkton, Maryland
Average Apartment Rent
$1,746
Y-o-Y Change in Average
Apartment Rent
5.1%
As of May 2026
Compared to a year ago, Elkton, Maryland apartments have recorded a 5.1% rent increase.
Elkton, Maryland Average apartment rent trend
Elkton, Maryland Average Apartment Rent
Elkton, Maryland Apartment rent ranges
At 35.3%, apartments priced $1,500 - $2,000 represent the bulk of Elkton, Maryland rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 2.24%.
Elkton, Maryland Housing tenure**
Renters take up 52% of Elkton, Maryland real estate, occupying a total of 3,178 units, while homeowners live in 2,958 properties.
Median number of rooms of renter-occupied housing units**
4.5
Renter median household income**
$45,322
Average household size of renter-occupied housing units**
2.37
Rental vacancy rate**
3.6%
Elkton, Maryland Renter-occupied housing units by no. of bedrooms**
There are 1,591 rentals in Elkton, Maryland with 2 beds making up the highest share of the market, at 50%. Units with No bedrooms, on the other hand, hold the lowest percentage (2%), amounting to 55 units. Overall, the median number of rooms in Elkton, Maryland homes for rent is 4.5.
Elkton, Maryland Renter-occupied units by age of householder**
Most condos for rent in Elkton, Maryland are occupied by residents in the 35 - 44 years age group (19%), followed by those in the 45 - 54 years age group (18%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 5%.
Elkton, Maryland Renter-occupied housing units by family type**
Elkton, Maryland Renter-occupied housing units by the presence of own children**
A total of 1,967 apartments for rent in Elkton, Maryland, or 62% of all rentals are family households. Additionally, 30% of rental homes include children under the age of 18 – that’s 967 units. All in all, the median size of a renter-occupied household in Elkton, Maryland is 2.37.
Elkton, Maryland Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 14% of the rental market. In contrast, residents with less than a high school degree reside in 13% of the homes for rent in Elkton, Maryland.
Elkton, Maryland Renter-occupied units by year structure built**
The highest share of Elkton, Maryland apartment rentals, namely 22% or 697 units, were Built 1970 - 1979, followed by those Built 1990 - 1999 (19%, 604 units), and the ones Built 2010 - 2019 (12%, 393 units).
Elkton, Maryland Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Elkton, Maryland renters (44%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Elkton, Maryland condos for rent is 2016.
Elkton, Maryland Renter-occupied housing units by vehicles available**
When it comes to transportation options, 46% of Elkton, Maryland renters have 1 vehicle available per household, 26% of them have 2 vehicles available, and 20% have No vehicle available.
Elkton, Maryland Means of transportation to work of householders living in renter-occupied housing units**
Elkton, 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 Elkton, 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
