Rockville, 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 Rockville, Maryland rental market.
Rockville, Maryland
Average Apartment Rent
$2,251
Y-o-Y Change in Average
Apartment Rent
1.7%
As of November 2024
Compared to a year ago, Rockville, Maryland apartments have recorded a 1.7% rent increase.
Rockville, Maryland Average apartment rent trend
Rockville, Maryland Average Apartment Rent
Rockville, Maryland Apartment rent ranges
At 66.4%, apartments priced Over $2,000 represent the bulk of Rockville, Maryland rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 1.73%.
Rockville, Maryland Housing tenure**
Renters take up 45% of Rockville, Maryland real estate, occupying a total of 12,056 units, while homeowners live in 14,487 properties.
Median number of rooms of renter-occupied housing units**
3.6
Renter median household income**
$90,141
Average household size of renter-occupied housing units**
2.24
Rental vacancy rate**
3.3%
Rockville, Maryland Renter-occupied housing units by no. of bedrooms**
There are 4,794 rentals in Rockville, 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 (1%), amounting to 71 units. Overall, the median number of rooms in Rockville, Maryland homes for rent is 3.6.
Rockville, Maryland Renter-occupied units by age of householder**
Most condos for rent in Rockville, Maryland are occupied by residents in the 25 - 34 years age group (29%), followed by those in the 35 - 44 years age group (25%). At the same time, people in the 55 - 59 years age group make up the lowest share of the local rental market – 4%.
Rockville, Maryland Renter-occupied housing units by family type**
Rockville, Maryland Renter-occupied housing units by the presence of own children**
A total of 6,082 apartments for rent in Rockville, Maryland, or 50% of all rentals are family households. Additionally, 26% of rental homes include children under the age of 18 – that’s 3,131 units. All in all, the median size of a renter-occupied household in Rockville, Maryland is 2.24.
Rockville, Maryland Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 68% of the rental market. In contrast, residents with less than a high school degree reside in 5% of the homes for rent in Rockville, Maryland.
Rockville, Maryland Renter-occupied units by year structure built**
The highest share of Rockville, Maryland apartment rentals, namely 24% or 2,846 units, were Built 2000 - 2009, followed by those Built 2010 - 2019 (22%, 2,661 units), and the ones Built 1990 - 1999 (13%, 1,622 units).
Rockville, Maryland Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Rockville, Maryland renters (41%) moved in 2018 to 2020, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Rockville, Maryland condos for rent is 2018.
Rockville, Maryland Renter-occupied housing units by vehicles available**
When it comes to transportation options, 53% of Rockville, Maryland renters have 1 vehicle available per household, 24% of them have 2 vehicles available, and 19% have No vehicle available.
Rockville, Maryland Means of transportation to work of householders living in renter-occupied housing units**
Rockville, 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 Rockville, 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
