Lake Arbor, 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 Lake Arbor, Maryland rental market.
Lake Arbor, Maryland
Average Apartment Rent
$2,297
Y-o-Y Change in Average
Apartment Rent
0.7%
As of May 2026
Compared to a year ago, Lake Arbor, Maryland apartments have recorded a 0.7% rent increase.
Lake Arbor, Maryland Average apartment rent trend
Lake Arbor, Maryland Average Apartment Rent
Lake Arbor, Maryland Apartment rent ranges
At 61.19%, apartments priced $2,000 - $2,500 represent the bulk of Lake Arbor, Maryland rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 0.04%.
Lake Arbor, Maryland Housing tenure**
Renters take up 37% of Lake Arbor, Maryland real estate, occupying a total of 2,288 units, while homeowners live in 3,892 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$91,518
Average household size of renter-occupied housing units**
1.91
Rental vacancy rate**
5.8%
Lake Arbor, Maryland Renter-occupied housing units by no. of bedrooms**
There are 1,284 rentals in Lake Arbor, Maryland with 2 beds making up the highest share of the market, at 56%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 19 units. Overall, the median number of rooms in Lake Arbor, Maryland homes for rent is 4.
Lake Arbor, Maryland Renter-occupied units by age of householder**
Most condos for rent in Lake Arbor, Maryland are occupied by residents in the 35 - 44 years age group (25%), followed by those in the 25 - 34 years age group (22%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 1%.
Lake Arbor, Maryland Renter-occupied housing units by family type**
Lake Arbor, Maryland Renter-occupied housing units by the presence of own children**
A total of 1,021 apartments for rent in Lake Arbor, Maryland, or 45% of all rentals are family households. Additionally, 27% of rental homes include children under the age of 18 – that’s 612 units. All in all, the median size of a renter-occupied household in Lake Arbor, Maryland is 1.91.
Lake Arbor, Maryland Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 59% of the rental market. In contrast, residents with less than a high school degree reside in 2% of the homes for rent in Lake Arbor, Maryland.
Lake Arbor, Maryland Renter-occupied units by year structure built**
The highest share of Lake Arbor, Maryland apartment rentals, namely 31% or 710 units, were Built 2010 - 2019, followed by those Built 1980 - 1989 (30%, 689 units), and the ones Built 1990 - 1999 (22%, 506 units).
Lake Arbor, Maryland Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Lake Arbor, Maryland renters (43%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Lake Arbor, Maryland condos for rent is 2018.
Lake Arbor, Maryland Renter-occupied housing units by vehicles available**
When it comes to transportation options, 63% of Lake Arbor, Maryland renters have 1 vehicle available per household, 19% of them have 2 vehicles available, and 13% have No vehicle available.
Lake Arbor, Maryland Means of transportation to work of householders living in renter-occupied housing units**
Lake Arbor, 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 Lake Arbor, 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
