Hagerstown, 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 Hagerstown, Maryland rental market.
Hagerstown, Maryland
Average Apartment Rent
$1,509
Y-o-Y Change in Average
Apartment Rent
2.9%
As of March 2026
Compared to a year ago, Hagerstown, Maryland apartments have recorded a 2.9% rent increase.
Hagerstown, Maryland Average apartment rent trend
Hagerstown, Maryland Average Apartment Rent
Hagerstown, Maryland Apartment rent ranges
At 49.43%, apartments priced $1,500 - $2,000 represent the bulk of Hagerstown, Maryland rentals, while condos priced Under $1,000 hold the lowest share of the market – 1.72%.
Hagerstown, Maryland Housing tenure**
Renters take up 60% of Hagerstown, Maryland real estate, occupying a total of 10,865 units, while homeowners live in 7,294 properties.
Median number of rooms of renter-occupied housing units**
4.6
Renter median household income**
$35,758
Average household size of renter-occupied housing units**
2.21
Rental vacancy rate**
5.1%
Hagerstown, Maryland Renter-occupied housing units by no. of bedrooms**
There are 3,559 rentals in Hagerstown, Maryland with 2 beds making up the highest share of the market, at 33%. Units with 4 beds, on the other hand, hold the lowest percentage (5%), amounting to 500 units. Overall, the median number of rooms in Hagerstown, Maryland homes for rent is 4.6.
Hagerstown, Maryland Renter-occupied units by age of householder**
Most condos for rent in Hagerstown, Maryland are occupied by residents in the 25 - 34 years age group (25%), followed by those in the 45 - 54 years age group (20%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Hagerstown, Maryland Renter-occupied housing units by family type**
Hagerstown, Maryland Renter-occupied housing units by the presence of own children**
A total of 5,350 apartments for rent in Hagerstown, Maryland, or 49% of all rentals are family households. Additionally, 32% of rental homes include children under the age of 18 – that’s 3,492 units. All in all, the median size of a renter-occupied household in Hagerstown, Maryland is 2.21.
Hagerstown, 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 17% of the homes for rent in Hagerstown, Maryland.
Hagerstown, Maryland Renter-occupied units by year structure built**
The highest share of Hagerstown, Maryland apartment rentals, namely 30% or 3,313 units, were Built 1939 or earlier, followed by those Built 1980 - 1989 (11%, 1,180 units), and the ones Built 1990 - 1999 (11%, 1,173 units).
Hagerstown, Maryland Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Hagerstown, Maryland renters (43%) moved in 2010 to 2017, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Hagerstown, Maryland condos for rent is 2016.
Hagerstown, Maryland Renter-occupied housing units by vehicles available**
When it comes to transportation options, 46% of Hagerstown, Maryland renters have 1 vehicle available per household, 25% of them have No vehicle available, and 22% have 2 vehicles available.
Hagerstown, Maryland Means of transportation to work of householders living in renter-occupied housing units**
Hagerstown, 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 Hagerstown, 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
