Takoma Park, 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 Takoma Park, Maryland rental market.
Takoma Park, Maryland
Average Apartment Rent
$1,688
Y-o-Y Change in Average
Apartment Rent
0.9%
As of March 2026
Compared to a year ago, Takoma Park, Maryland apartments have recorded a 0.9% rent increase.
Takoma Park, Maryland Average apartment rent trend
Takoma Park, Maryland Average Apartment Rent
Takoma Park, Maryland Apartment rent ranges
At 71.24%, apartments priced $1,500 - $2,000 represent the bulk of Takoma Park, Maryland rentals, while condos priced Under $1,000 hold the lowest share of the market – 1.02%.
Takoma Park, Maryland Housing tenure**
Renters take up 49% of Takoma Park, Maryland real estate, occupying a total of 3,357 units, while homeowners live in 3,541 properties.
Median number of rooms of renter-occupied housing units**
3.7
Renter median household income**
$49,502
Average household size of renter-occupied housing units**
2.3
Rental vacancy rate**
3.2%
Takoma Park, Maryland Renter-occupied housing units by no. of bedrooms**
There are 1,269 rentals in Takoma Park, Maryland with 1 bed making up the highest share of the market, at 38%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 30 units. Overall, the median number of rooms in Takoma Park, Maryland homes for rent is 3.7.
Takoma Park, Maryland Renter-occupied units by age of householder**
Most condos for rent in Takoma Park, Maryland are occupied by residents in the 45 - 54 years age group (27%), followed by those in the 35 - 44 years age group (24%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Takoma Park, Maryland Renter-occupied housing units by family type**
Takoma Park, Maryland Renter-occupied housing units by the presence of own children**
A total of 1,566 apartments for rent in Takoma Park, Maryland, or 47% of all rentals are family households. Additionally, 36% of rental homes include children under the age of 18 – that’s 1,200 units. All in all, the median size of a renter-occupied household in Takoma Park, Maryland is 2.3.
Takoma Park, Maryland Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 33% of the rental market. In contrast, residents with less than a high school degree reside in 10% of the homes for rent in Takoma Park, Maryland.
Takoma Park, Maryland Renter-occupied units by year structure built**
The highest share of Takoma Park, Maryland apartment rentals, namely 29% or 967 units, were Built 1960 - 1969, followed by those Built 1950 - 1959 (24%, 789 units), and the ones Built 1940 - 1949 (15%, 497 units).
Takoma Park, Maryland Renter-occupied units by year householder moved in**
Median year renter moved into unit 2015
Most Takoma Park, Maryland renters (36%) moved in 2010 to 2017, while only 3% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Takoma Park, Maryland condos for rent is 2015.
Takoma Park, Maryland Renter-occupied housing units by vehicles available**
When it comes to transportation options, 43% of Takoma Park, Maryland renters have 1 vehicle available per household, 28% of them have No vehicle available, and 23% have 2 vehicles available.
Takoma Park, Maryland Means of transportation to work of householders living in renter-occupied housing units**
Takoma Park, 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 Takoma Park, 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
