Owings Mills, 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 Owings Mills, Maryland rental market.
Owings Mills, Maryland
Average Apartment Rent
$1,861
Y-o-Y Change in Average
Apartment Rent
1.6%
As of May 2026
Compared to a year ago, Owings Mills, Maryland apartments have recorded a 1.6% rent increase.
Owings Mills, Maryland Average apartment rent trend
Owings Mills, Maryland Average Apartment Rent
Owings Mills, Maryland Apartment rent ranges
At 41.53%, apartments priced $1,500 - $2,000 represent the bulk of Owings Mills, Maryland rentals, while condos priced Over $3,000 hold the lowest share of the market – 0.62%.
Owings Mills, Maryland Housing tenure**
Renters take up 52% of Owings Mills, Maryland real estate, occupying a total of 7,382 units, while homeowners live in 6,742 properties.
Median number of rooms of renter-occupied housing units**
4.3
Renter median household income**
$74,562
Average household size of renter-occupied housing units**
2.42
Rental vacancy rate**
8.2%
Owings Mills, Maryland Renter-occupied housing units by no. of bedrooms**
There are 3,286 rentals in Owings Mills, Maryland with 2 beds making up the highest share of the market, at 45%. Units with 4 beds, on the other hand, hold the lowest percentage (2%), amounting to 164 units. Overall, the median number of rooms in Owings Mills, Maryland homes for rent is 4.3.
Owings Mills, Maryland Renter-occupied units by age of householder**
Most condos for rent in Owings Mills, Maryland are occupied by residents in the 25 - 34 years age group (28%), followed by those in the 35 - 44 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%.
Owings Mills, Maryland Renter-occupied housing units by family type**
Owings Mills, Maryland Renter-occupied housing units by the presence of own children**
A total of 4,082 apartments for rent in Owings Mills, Maryland, or 55% of all rentals are family households. Additionally, 36% of rental homes include children under the age of 18 – that’s 2,639 units. All in all, the median size of a renter-occupied household in Owings Mills, Maryland is 2.42.
Owings Mills, Maryland Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 39% of the rental market. In contrast, residents with less than a high school degree reside in 6% of the homes for rent in Owings Mills, Maryland.
Owings Mills, Maryland Renter-occupied units by year structure built**
The highest share of Owings Mills, Maryland apartment rentals, namely 27% or 2,004 units, were Built 1990 - 1999, followed by those Built 1970 - 1979 (21%, 1,528 units), and the ones Built 2000 - 2009 (18%, 1,299 units).
Owings Mills, Maryland Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Owings Mills, Maryland renters (41%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Owings Mills, Maryland condos for rent is 2017.
Owings Mills, Maryland Renter-occupied housing units by vehicles available**
When it comes to transportation options, 57% of Owings Mills, Maryland renters have 1 vehicle available per household, 22% of them have 2 vehicles available, and 14% have No vehicle available.
Owings Mills, Maryland Means of transportation to work of householders living in renter-occupied housing units**
Owings Mills, 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 Owings Mills, 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
