The Frank
2500 Insulator Dr,
Baltimore, MD 21230
$1,670 - $4,675
Studio - 3 Beds
Rental Market Trends in Baltimore, MD
What is the average rent in Baltimore, MD?
$1,483/month
Average Rent
689 Sq Ft
Average Apartment Size
-0.5%
Decrease in the Last Year
As of January 2026, the average rent in Baltimore, MD is $1,483 per month. For comparison, the national average rent price in the US is currently $1,625/month, which means Baltimore rent prices are 9% lower than the national average. When you rent an apartment in Baltimore, you can expect to pay about $1,403 per month for a studio, $1,483 for a one-bedroom apartment, and around $1,612 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,883 or more.
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 Baltimore, MD?
In the past year, rent has decreased by 0.5%, which averages out to $7 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated January 2026
Legend
2025
2026
Rent Ranges in Baltimore, MD
Last Updated January 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
16%
$700 - $1,000/month
48%
$1,001 - $1,500/month
23%
$1,501 - $2,000/month
12%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most expensive neighborhoods in Baltimore?
Based on current rent prices, Harbor East, Otterbein and Locust Point are the most expensive neighborhoods in Baltimore.
Neighborhood
Average Rent
Average Sq Ft
Which Baltimore neighborhoods have the most rentals available?
The neighborhoods in Baltimore with the most apartments available are Downtown Baltimore, Federal Hill and Canton .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Baltimore, MD?
Because the average rent in Baltimore is $1,483, you’ll want to make about $4,943 per month or $59,316 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.
Cost of Living
The cost of living in Baltimore, MD is 0.1% higher than the national average. Generally, housing in Baltimore is 13.9% less expensive than the national average, with rent falling between $1,403 - $1,883. You can expect to pay 2.5% more for groceries, 16.7% more for utilities, and 0.6% more for transportation.
How does Baltimore, MD compare to other nearby cities and neighborhoods?
Use the tool below to compare Baltimore, 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
-
$1,923/month
One Bedroom
-
$2,207/month
Two Bedroom
-
$3,279/month
Three Bedroom
-
$4,121/month
Nearby City Rent Trends
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Morgan Properties
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Atlantic Realty Management
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Greystar
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Maryland Management
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22
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5,790
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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 November 2025.
* Percentages may not total 100 due to rounding.