Ellicott 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 Ellicott City, Maryland rental market.
Highlights
An apartment for rent in Ellicott City, Maryland typically goes for $1,955 per month, while a single-family home for rent in Ellicott City, Maryland has a monthly cost of around $2,858. Renter-occupied units make up 28% of the local housing market, while the rental vacancy rate in Ellicott City, Maryland is at 5.6.
Ellicott City, Maryland
Average Apartment Rent in August 2022
$1,955
Y-o-Y Change in Average
Apartment Rent
9.3%
Average Single-Family Rent in August 2022
$2,858
Compared to a year ago, Ellicott City, Maryland apartments have recorded a 9.3% rent increase.
Ellicott City, Maryland |Average apartment rent trend
Ellicott City, Maryland| Average apartment rent
Ellicott City, Maryland | Apartment rent ranges
At 52.52%, apartments priced $1,500 - $2,000 represent the bulk of Ellicott City, Maryland rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 11.62%.
Ellicott City, Maryland | Housing tenure**
Renters take up 28% of Ellicott City, Maryland real estate, occupying a total of 7,410 units, while homeowners live in 18,954 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$71,578
Average household size of renter-occupied housing units**
2.22
Rental vacancy rate**
5.6%
Ellicott City, Maryland | Renter-occupied housing units by no. of bedrooms**
There are 3,357 rentals in Ellicott City, Maryland with 2 beds making up the highest share of the market, at 45%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 146 units. Overall, the median number of rooms in Ellicott City, Maryland homes for rent is 4.2.
Ellicott City, Maryland |Renter-occupied units by age of householder**
Most condos for rent in Ellicott City, Maryland are occupied by residents in the 35 - 44 years age group (25%), followed by those in the 25 - 34 years age group (21%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 3%.
Ellicott City, Maryland | Renter-occupied housing units by family type**
Ellicott City, Maryland | Renter-occupied housing units by the presence of own children**
A total of 4,327 apartments for rent in Ellicott City, Maryland, or 58% of all rentals are family households. Additionally, 40% of rental homes include children under the age of 18 – that’s 2,984 units. All in all, the median size of a renter-occupied household in Ellicott City, Maryland is 2.22.
Ellicott City, Maryland | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 58% of the rental market. In contrast, residents with less than a high school degree reside in 6% of the homes for rent in Ellicott City, Maryland.
Ellicott City, Maryland | Renter-occupied units by year structure built**
The highest share of Ellicott City, Maryland apartment rentals, namely 20% or 1,466 units, were Built 1990 - 1999, followed by those Built 2000 - 2009 (17%, 1,265 units), and the ones Built 1980 - 1989 (15%, 1,115 units).
Ellicott City, Maryland | Renter-occupied units by year householder moved in**
Median year renter moved into unit2016
Most Ellicott City, Maryland renters (51%) moved in 2015 to 2016, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Ellicott City, Maryland condos for rent is 2016.
Ellicott City, Maryland | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 51% of Ellicott City, Maryland renters have 1 vehicle available per household, 28% of them have 2 vehicles available, and 13% have No vehicle available.
Ellicott City, Maryland | Means of transportation to work of householders living in renter-occupied housing units**
Ellicott City, Maryland |Geographical mobility in the past year for householders living in renter-occupied housing units**
Ellicott City, Maryland | Average apartment rent by zip codes
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 Ellicott 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, 2020 American Community Survey 5-Year Estimates
