Silver Spring, 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 Silver Spring, Maryland rental market.
Silver Spring, Maryland
Average Apartment Rent
$1,949
Y-o-Y Change in Average
Apartment Rent
-1.3%
As of March 2026
Compared to a year ago, Silver Spring, Maryland apartments have recorded a -1.3% rent decrease.
Silver Spring, Maryland Average apartment rent trend
Silver Spring, Maryland Average Apartment Rent
Silver Spring, Maryland Apartment rent ranges
At 54.34%, apartments priced $1,500 - $2,000 represent the bulk of Silver Spring, Maryland rentals, while condos priced Under $1,000 hold the lowest share of the market – 0.15%.
Silver Spring, Maryland Housing tenure**
Renters take up 62% of Silver Spring, Maryland real estate, occupying a total of 21,097 units, while homeowners live in 12,787 properties.
Median number of rooms of renter-occupied housing units**
3.4
Renter median household income**
$68,506
Average household size of renter-occupied housing units**
2.25
Rental vacancy rate**
4.1%
Silver Spring, Maryland Renter-occupied housing units by no. of bedrooms**
There are 8,944 rentals in Silver Spring, Maryland with 1 bed making up the highest share of the market, at 42%. Units with 4 beds, on the other hand, hold the lowest percentage (1%), amounting to 216 units. Overall, the median number of rooms in Silver Spring, Maryland homes for rent is 3.4.
Silver Spring, Maryland Renter-occupied units by age of householder**
Most condos for rent in Silver Spring, Maryland are occupied by residents in the 25 - 34 years age group (33%), followed by those in the 35 - 44 years age group (23%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Silver Spring, Maryland Renter-occupied housing units by family type**
Silver Spring, Maryland Renter-occupied housing units by the presence of own children**
A total of 9,037 apartments for rent in Silver Spring, Maryland, or 43% of all rentals are family households. Additionally, 27% of rental homes include children under the age of 18 – that’s 5,636 units. All in all, the median size of a renter-occupied household in Silver Spring, Maryland is 2.25.
Silver Spring, Maryland Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 59% of the rental market. In contrast, residents with less than a high school degree reside in 12% of the homes for rent in Silver Spring, Maryland.
Silver Spring, Maryland Renter-occupied units by year structure built**
The highest share of Silver Spring, Maryland apartment rentals, namely 28% or 5,847 units, were Built 1960 - 1969, followed by those Built 2010 - 2019 (16%, 3,466 units), and the ones Built 1950 - 1959 (14%, 2,924 units).
Silver Spring, Maryland Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Silver Spring, Maryland renters (40%) moved in 2018 to 2020, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Silver Spring, Maryland condos for rent is 2018.
Silver Spring, Maryland Renter-occupied housing units by vehicles available**
When it comes to transportation options, 51% of Silver Spring, Maryland renters have 1 vehicle available per household, 24% of them have No vehicle available, and 20% have 2 vehicles available.
Silver Spring, Maryland Means of transportation to work of householders living in renter-occupied housing units**
Silver Spring, 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 Silver Spring, 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
