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Rental Market Trends in Annapolis, MD

What is the average rent in Annapolis, MD?

$2,103/month

Average Rent

683 Sq Ft

Average Apartment Size

+2.5%

Increase in the Last Year

As of July 2025, the average rent in Annapolis, MD is $2,103 per month. This is 28% higher than the national average rent price of $1,637/month, making Annapolis one of the most expensive cities in the US. When you rent an apartment in Annapolis, you can expect to pay about $1,982 per month for a studio, $2,103 for a one-bedroom apartment, and around $2,397 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,809 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,982/month
561 Sq Ft
One Bedroom
$2,103/month
683 Sq Ft
Two Bedroom
$2,397/month
1,007 Sq Ft
Three Bedroom
$2,809/month
1,194 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$3,467/month
1,055 Sq Ft
Four Bedroom
$9,324/month
3,436 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$2,579/month
757 Sq Ft
Three Bedroom
$2,710/month
1,205 Sq Ft

How much has average rent changed in Annapolis, MD?

In the past year, rent has increased by 2.5%, which averages out to $53 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated July 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Annapolis, MD
Last Updated July 2025
Above $2,000
Most rental prices fall within this range
Rent Ranges in Annapolis, MD
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
15% $1,001 - $1,500/month
19% $1,501 - $2,000/month
67% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Annapolis?

Based on current rent prices, Severn Manor, Downtown Annapolis and Truxton Heights are the most affordable neighborhoods in Annapolis.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Severn Manor
$1,871/month
640 Sq Ft
Downtown Annapolis
$1,887/month
617 Sq Ft
Truxton Heights
$2,150/month
715 Sq Ft
Eastport
$2,178/month
694 Sq Ft
Parole
$2,379/month
761 Sq Ft
Highland Beach
$2,380/month
751 Sq Ft
Annapolis Road
$2,380/month
751 Sq Ft
Rolling Knolls
$2,740/month
896 Sq Ft

What are the most expensive neighborhoods in Annapolis?

Based on current rent prices, Rolling Knolls, Highland Beach and Annapolis Road are the most expensive neighborhoods in Annapolis.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Rolling Knolls
$2,740/month
896 Sq Ft
Highland Beach
$2,380/month
751 Sq Ft
Annapolis Road
$2,380/month
751 Sq Ft
Parole
$2,379/month
761 Sq Ft
Eastport
$2,178/month
694 Sq Ft
Truxton Heights
$2,150/month
715 Sq Ft
Downtown Annapolis
$1,887/month
617 Sq Ft
Severn Manor
$1,871/month
640 Sq Ft

Which Annapolis neighborhoods have the most rentals available?

The neighborhoods in Annapolis with the most apartments available are Parole, Eastport and Truxton Heights .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Parole
$2,379/month
761 Sq Ft
Eastport
$2,178/month
694 Sq Ft
Truxton Heights
$2,150/month
715 Sq Ft
Highland Beach
$2,380/month
751 Sq Ft
Annapolis Road
$2,380/month
751 Sq Ft
Severn Manor
$1,871/month
640 Sq Ft
Downtown Annapolis
$1,887/month
617 Sq Ft
Rolling Knolls
$2,740/month
896 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Annapolis, MD?

Because the average rent in Annapolis is $2,103, you’ll want to make about $7,010 per month or $84,120 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Annapolis, MD

708 Available Apartments for Rent

Search for Nearby Apartments

How does Annapolis, MD compare to other nearby cities and neighborhoods?

Use the tool below to compare Annapolis, MD to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Annapolis, MD

Apartment Averages

Severn Manor

Annapolis, MD

Rolling Knolls

Annapolis, MD

Studio
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-
One Bedroom
-
-
Two Bedroom
-
-
Three Bedroom
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Nearby City Rent Trends

  • Arnold Average Rent

Apartment communities in Annapolis we think you'll love

Avalon Annapolis

Avalon Annapolis

2500 Riva Rd,
Annapolis, MD 21401

Studio - 2 Beds | $1,945 - $3,335

Westwinds Apartments

Westwinds Apartments

1029 Spa Rd,
Annapolis, MD 21403

1-2 Beds | $1,845 - $3,420

Annapolis Bay

Annapolis Bay

721 S Cherry Grove Ave,
Annapolis, MD 21401

1-3 Beds | $1,981 - $3,904

Nautilus Point

Nautilus Point

655 Americana Dr,
Annapolis, MD 21403

Studio - 3 Beds | $1,555 - $4,475

Property Management Companies in Annapolis, MD

Greystar
Greystar
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  • 910,472

    Units

  • 846

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4 Communities in Annapolis
Bozzuto
Bozzuto
  • 390

    Communities

  • 117,917

    Units

  • 156

    Cities

3 Communities in Annapolis
The Severn Companies
The Severn Companies
  • 20

    Communities

  • 1,758

    Units

  • 15

    Cities

2 Communities in Annapolis
Osprey Property Companies
Osprey Property Companies
  • 23

    Communities

  • 1,839

    Units

  • 13

    Cities

2 Communities in Annapolis
AvalonBay
AvalonBay
  • 237

    Communities

  • 79,919

    Units

  • 154

    Cities

1 Community in Annapolis
Bell Partners
Bell Partners
  • 219

    Communities

  • 70,972

    Units

  • 119

    Cities

1 Community in Annapolis
Kushner Companies
Kushner Companies
  • 61

    Communities

  • 21,142

    Units

  • 45

    Cities

1 Community in Annapolis
The Bainbridge Companies
The Bainbridge Companies
  • 52

    Communities

  • 17,088

    Units

  • 34

    Cities

1 Community in Annapolis

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United States Maryland Annapolis Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity