Essex, 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 Essex, Maryland rental market.
Essex, Maryland
Average Apartment Rent
$1,306
Y-o-Y Change in Average
Apartment Rent
2.6%
As of March 2026
Compared to a year ago, Essex, Maryland apartments have recorded a 2.6% rent increase.
Essex, Maryland Average apartment rent trend
Essex, Maryland Average Apartment Rent
Essex, Maryland Apartment rent ranges
At 77.96%, apartments priced $1,000 - $1,500 represent the bulk of Essex, Maryland rentals, while condos priced $2,000 - $2,500 hold the lowest share of the market – 5.61%.
Essex, Maryland Housing tenure**
Renters take up 42% of Essex, Maryland real estate, occupying a total of 6,705 units, while homeowners live in 9,250 properties.
Median number of rooms of renter-occupied housing units**
4.3
Renter median household income**
$45,110
Average household size of renter-occupied housing units**
2.39
Rental vacancy rate**
4.3%
Essex, Maryland Renter-occupied housing units by no. of bedrooms**
There are 3,085 rentals in Essex, Maryland with 2 beds making up the highest share of the market, at 46%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 159 units. Overall, the median number of rooms in Essex, Maryland homes for rent is 4.3.
Essex, Maryland Renter-occupied units by age of householder**
Most condos for rent in Essex, Maryland are occupied by residents in the 45 - 54 years age group (25%), followed by those in the 25 - 34 years age group (20%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 4%.
Essex, Maryland Renter-occupied housing units by family type**
Essex, Maryland Renter-occupied housing units by the presence of own children**
A total of 3,472 apartments for rent in Essex, Maryland, or 52% of all rentals are family households. Additionally, 29% of rental homes include children under the age of 18 – that’s 1,965 units. All in all, the median size of a renter-occupied household in Essex, Maryland is 2.39.
Essex, Maryland Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 13% of the rental market. In contrast, residents with less than a high school degree reside in 14% of the homes for rent in Essex, Maryland.
Essex, Maryland Renter-occupied units by year structure built**
The highest share of Essex, Maryland apartment rentals, namely 22% or 1,483 units, were Built 1960 - 1969, followed by those Built 1950 - 1959 (17%, 1,137 units), and the ones Built 1980 - 1989 (13%, 877 units).
Essex, Maryland Renter-occupied units by year householder moved in**
Median year renter moved into unit 2015
Most Essex, Maryland renters (54%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Essex, Maryland condos for rent is 2015.
Essex, Maryland Renter-occupied housing units by vehicles available**
When it comes to transportation options, 50% of Essex, Maryland renters have 1 vehicle available per household, 24% of them have No vehicle available, and 20% have 2 vehicles available.
Essex, Maryland Means of transportation to work of householders living in renter-occupied housing units**
Essex, 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 Essex, 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
