Mount Rainier, 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 Mount Rainier, Maryland rental market.
Mount Rainier, Maryland
Average Apartment Rent
$1,340
Y-o-Y Change in Average
Apartment Rent
10.6%
As of November 2024
Compared to a year ago, Mount Rainier, Maryland apartments have recorded a 10.6% rent increase.
Mount Rainier, Maryland Average apartment rent trend
Mount Rainier, Maryland Average Apartment Rent
Mount Rainier, Maryland Apartment rent ranges
At 95.75%, apartments priced $1,000 - $1,500 represent the bulk of Mount Rainier, Maryland rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 4.25%.
Mount Rainier, Maryland Housing tenure**
Renters take up 75% of Mount Rainier, Maryland real estate, occupying a total of 3,096 units, while homeowners live in 1,057 properties.
Median number of rooms of renter-occupied housing units**
3.4
Renter median household income**
$62,621
Average household size of renter-occupied housing units**
1.81
Rental vacancy rate**
2.6%
Mount Rainier, Maryland Renter-occupied housing units by no. of bedrooms**
There are 1,267 rentals in Mount Rainier, Maryland with 1 bed making up the highest share of the market, at 41%. Units with 4 beds, on the other hand, hold the lowest percentage (1%), amounting to 35 units. Overall, the median number of rooms in Mount Rainier, Maryland homes for rent is 3.4.
Mount Rainier, Maryland Renter-occupied units by age of householder**
Most condos for rent in Mount Rainier, Maryland are occupied by residents in the 35 - 44 years age group (22%), followed by those in the 25 - 34 years age group (18%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Mount Rainier, Maryland Renter-occupied housing units by family type**
Mount Rainier, Maryland Renter-occupied housing units by the presence of own children**
A total of 1,216 apartments for rent in Mount Rainier, Maryland, or 39% of all rentals are family households. Additionally, 20% of rental homes include children under the age of 18 – that’s 609 units. All in all, the median size of a renter-occupied household in Mount Rainier, Maryland is 1.81.
Mount Rainier, Maryland Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 35% of the rental market. In contrast, residents with less than a high school degree reside in 14% of the homes for rent in Mount Rainier, Maryland.
Mount Rainier, Maryland Renter-occupied units by year structure built**
The highest share of Mount Rainier, Maryland apartment rentals, namely 24% or 737 units, were Built 1939 or earlier, followed by those Built 1950 - 1959 (16%, 505 units), and the ones Built 1940 - 1949 (14%, 424 units).
Mount Rainier, Maryland Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Mount Rainier, Maryland renters (47%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Mount Rainier, Maryland condos for rent is 2016.
Mount Rainier, Maryland Renter-occupied housing units by vehicles available**
When it comes to transportation options, 59% of Mount Rainier, Maryland renters have 1 vehicle available per household, 27% of them have No vehicle available, and 13% have 2 or more vehicles available.
Mount Rainier, Maryland Means of transportation to work of householders living in renter-occupied housing units**
Mount Rainier, Maryland Geographical mobility in the past year for householders living in renter-occupied housing units**
Mount Rainier, Maryland Average apartment rent by zip codes
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 Mount Rainier, 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
