Annapolis Bay
721 S Cherry Grove Ave,
Annapolis, MD 21401
$2,018 - $2,939
1-2 Beds
Rental Market Trends in Annapolis, MD
What is the average rent in Annapolis, MD?
$2,143/month
Average Rent
683 Sq Ft
Average Apartment Size
+0.8%
Increase in the Last Year
Annapolis, MD Rental Market Overview
The average rent in Annapolis, MD is $2,143 per month. This is 30% higher than the national average rent price of $1,644/month, making Annapolis one of the most expensive cities in the US.
- Studio apartments in Annapolis average $1,971 per month.
- One-bedroom apartments in Annapolis average $2,143 per month.
- Two-bedroom apartments in Annapolis average $2,412 per month.
- Three-bedroom apartments in Annapolis average $2,812 or more per month.
Data Updated: June, 2026
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Annapolis, MD?
In the past year, rent has increased by 0.8%, which averages out to $18 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 June 2026
Legend
2025
2026
Rent Ranges in Annapolis, MD
Last Updated June 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
15%
$1,001 - $1,500/month
15%
$1,501 - $2,000/month
70%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Annapolis?
Based on current rent prices, Eastport, Highland Beach and Parole are the most affordable neighborhoods in Annapolis.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Annapolis?
Based on current rent prices, Parole, Highland Beach and Eastport are the most expensive neighborhoods in Annapolis.
Neighborhood
Average Rent
Average Sq Ft
Which Annapolis neighborhoods have the most rentals available?
The neighborhoods in Annapolis with the most apartments available are Parole, Eastport and Highland Beach .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Annapolis, MD?
Because the average rent in Annapolis is $2,143, you’ll want to make about $7,143 per month or $85,716 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.
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.
Studio
$1,492/month
$2,031/month
One Bedroom
$1,766/month
$2,311/month
Two Bedroom
$1,954/month
$2,804/month
Three Bedroom
$2,317/month
$3,476/month
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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 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.