Laurel, 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 Laurel, Maryland rental market.
Laurel, Maryland
Average Apartment Rent
$1,955
Y-o-Y Change in Average
Apartment Rent
0.1%
As of May 2026
Compared to a year ago, Laurel, Maryland apartments have recorded a 0.1% rent increase.
Laurel, Maryland Average apartment rent trend
Laurel, Maryland Average Apartment Rent
Laurel, Maryland Apartment rent ranges
At 49.8%, apartments priced $1,500 - $2,000 represent the bulk of Laurel, Maryland rentals, while condos priced Over $3,000 hold the lowest share of the market – 3.16%.
Laurel, Maryland Housing tenure**
Renters take up 56% of Laurel, Maryland real estate, occupying a total of 6,410 units, while homeowners live in 5,107 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$77,699
Average household size of renter-occupied housing units**
2.52
Rental vacancy rate**
5%
Laurel, Maryland Renter-occupied housing units by no. of bedrooms**
There are 2,560 rentals in Laurel, Maryland with 2 beds making up the highest share of the market, at 40%. Units with 5 or more beds, on the other hand, hold the lowest percentage (3%), amounting to 165 units. Overall, the median number of rooms in Laurel, Maryland homes for rent is 4.
Laurel, Maryland Renter-occupied units by age of householder**
Most condos for rent in Laurel, Maryland are occupied by residents in the 25 - 34 years age group (28%), followed by those in the 35 - 44 years age group (24%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Laurel, Maryland Renter-occupied housing units by family type**
Laurel, Maryland Renter-occupied housing units by the presence of own children**
A total of 3,370 apartments for rent in Laurel, Maryland, or 53% of all rentals are family households. Additionally, 31% of rental homes include children under the age of 18 – that’s 2,003 units. All in all, the median size of a renter-occupied household in Laurel, Maryland is 2.52.
Laurel, Maryland Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 45% of the rental market. In contrast, residents with less than a high school degree reside in 10% of the homes for rent in Laurel, Maryland.
Laurel, Maryland Renter-occupied units by year structure built**
The highest share of Laurel, Maryland apartment rentals, namely 21% or 1,320 units, were Built 2010 - 2019, followed by those Built 1970 - 1979 (20%, 1,261 units), and the ones Built 1980 - 1989 (20%, 1,256 units).
Laurel, Maryland Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Laurel, Maryland renters (41%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Laurel, Maryland condos for rent is 2018.
Laurel, Maryland Renter-occupied housing units by vehicles available**
When it comes to transportation options, 56% of Laurel, Maryland renters have 1 vehicle available per household, 30% of them have 2 vehicles available, and 9% have No vehicle available.
Laurel, Maryland Means of transportation to work of householders living in renter-occupied housing units**
Laurel, 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 Laurel, 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
