Montgomery Village, 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 Montgomery Village, Maryland rental market.
Montgomery Village, Maryland
Average Apartment Rent
$1,614
Y-o-Y Change in Average
Apartment Rent
-0.1%
As of March 2026
Compared to a year ago, Montgomery Village, Maryland apartments have recorded a -0.1% rent decrease.
Montgomery Village, Maryland Average apartment rent trend
Montgomery Village, Maryland Average Apartment Rent
Montgomery Village, Maryland Apartment rent ranges
At 57.81%, apartments priced $1,000 - $1,500 represent the bulk of Montgomery Village, Maryland rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 3.48%.
Montgomery Village, Maryland Housing tenure**
Renters take up 33% of Montgomery Village, Maryland real estate, occupying a total of 4,017 units, while homeowners live in 8,115 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$49,609
Average household size of renter-occupied housing units**
2.77
Rental vacancy rate**
2.7%
Montgomery Village, Maryland Renter-occupied housing units by no. of bedrooms**
There are 1,660 rentals in Montgomery Village, Maryland with 2 beds making up the highest share of the market, at 41%. Units with No bedrooms, on the other hand, hold the lowest percentage (3%), amounting to 125 units. Overall, the median number of rooms in Montgomery Village, Maryland homes for rent is 4.2.
Montgomery Village, Maryland Renter-occupied units by age of householder**
Most condos for rent in Montgomery Village, Maryland are occupied by residents in the 25 - 34 years age group (27%), followed by those in the 45 - 54 years age group (20%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 3%.
Montgomery Village, Maryland Renter-occupied housing units by family type**
Montgomery Village, Maryland Renter-occupied housing units by the presence of own children**
A total of 2,347 apartments for rent in Montgomery Village, Maryland, or 58% of all rentals are family households. Additionally, 39% of rental homes include children under the age of 18 – that’s 1,548 units. All in all, the median size of a renter-occupied household in Montgomery Village, Maryland is 2.77.
Montgomery Village, Maryland Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 32% of the rental market. In contrast, residents with less than a high school degree reside in 17% of the homes for rent in Montgomery Village, Maryland.
Montgomery Village, Maryland Renter-occupied units by year structure built**
The highest share of Montgomery Village, Maryland apartment rentals, namely 37% or 1,467 units, were Built 1980 - 1989, followed by those Built 1970 - 1979 (31%, 1,229 units), and the ones Built 1990 - 1999 (15%, 612 units).
Montgomery Village, Maryland Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Montgomery Village, Maryland renters (46%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Montgomery Village, Maryland condos for rent is 2017.
Montgomery Village, Maryland Renter-occupied housing units by vehicles available**
When it comes to transportation options, 48% of Montgomery Village, Maryland renters have 1 vehicle available per household, 24% of them have 2 vehicles available, and 16% have No vehicle available.
Montgomery Village, Maryland Means of transportation to work of householders living in renter-occupied housing units**
Montgomery Village, 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 Montgomery Village, 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
