Baltimore, MD Rental Market
Baltimore is Maryland's largest city and one of the most affordable major rental markets on the East Coast. Johns Hopkins University and Johns Hopkins Hospital form the city's most powerful economic engine — together employing over 40,000 people — while Under Armour's global headquarters, the Port of Baltimore, and a growing cybersecurity sector add economic diversity. The iconic Inner Harbor, historic row-house neighborhoods, and world-class medical institutions attract a broad range of tenants from students and healthcare workers to federal contractors and young professionals.
Get a rent estimate for an address in BaltimoreAverage Rent in Baltimore, MD
$1,450
per month · 2026-06
Market Score
Key Facts — Baltimore, MD Rental Market
- Average rent in Baltimore, MD:$1,450/mo
- Median rent:$1,334/mo
- Rent range:$725 – $3,200/mo
- Most common rental (2 bedrooms):$1,275/mo
- Active listings:3,200
- Avg days to lease:29 days
- Year-over-year change:+3.2%
- Median home value:$220,000
- Est. gross annual yield:7.9%
- Data as of:2026-06
Rent by Bedroom in Baltimore, MD
Average monthly rent for each bedroom type based on current active listings in Baltimore.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $1,050/mo |
2 Bedrooms | $1,275/mo |
3 Bedrooms | $1,625/mo |
4 Bedrooms | $2,000/mo |
5 Bedrooms | $2,300/mo |
Baltimore Rental Market Statistics
Key indicators from the current Baltimore, MD rental market.
3,200
Available now in Baltimore
29
From list to lease
$1.12
Average across listings
1,300 sq ft
Typical rental size
$725 – $3,200
Min to max active listings
+3.2%
Avg rent vs. prior year
Investing in Baltimore, MD Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$220,000
Typical purchase price in Baltimore
Est. Gross Annual Yield
7.9%
Before expenses & vacancy
Avg Monthly Income
$1,450
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Baltimore for a full cash-flow breakdown including all costs.
Baltimore, MD Rental Market FAQ
Common questions about renting and investing in Baltimore, MD.
What is the average rent in Baltimore, MD?
The average rent in Baltimore, MD is $1,450 per month as of 2026. One-bedroom apartments average $1,050/mo, two-bedrooms average $1,275/mo, and three-bedroom homes average $1,625/mo. Rents vary widely by neighborhood — Federal Hill, Canton, and Fells Point command premiums, while many city rowhouse corridors offer well below-average rents.
Is Baltimore a good place to invest in rental property?
Baltimore offers a 7.9% estimated gross yield — one of the highest among East Coast cities — driven by a low median home value near $220,000 and stable demand from Johns Hopkins, University of Maryland Medical System, and a large federal government workforce. Rowhouse conversions and multi-family properties in established neighborhoods offer strong cash-flow profiles for investors willing to do thorough due diligence on neighborhood selection.
How competitive is the Baltimore rental market?
Baltimore has over 3,200 active listings and averages 29 days on market — a moderately competitive market given its size. Demand is strongest in neighborhoods adjacent to Hopkins, University of Maryland, and major hospital campuses. The volume of rowhouse inventory means tenant choice is high, making property condition and pricing accuracy important for minimizing vacancy.
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