James Run Apartments
2786 Megan Way,
Bel Air, MD 21015
1-3 Beds | $1,695 - $3,040
Rental Market Trends in Bel Air, MD
Updated July 2026
The average rent in Bel Air, MD is $1,594/month.
Rent in Bel Air is roughly equal to the national average rent of of $1,663/month.
$1,594/month
Average Rent
759 Sq Ft
Average Size
+0.4%
Change / Year
284
Available Apartments
Bel Air rent varies by unit size and layout:
- Studio apartments in Bel Air average $1,504 per month.
- One-bedroom apartments in Bel Air average $1,594 per month.
- Two-bedroom apartments in Bel Air average $1,853 per month.
- Three-bedroom apartments in Bel Air average $2,390 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Bel Air, MD?
In the past year, rent has increased by 0.4%, which averages out to $8 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Bel Air, MD
July 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
6%
$700 - $1,000/month
29%
$1,001 - $1,500/month
41%
$1,501 - $2,000/month
24%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Bel Air?
Based on current rent prices, Bel Air North is the most affordable neighborhood in Bel Air.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Bel Air?
Based on current rent prices, Bel Air North is the most expensive neighborhood in Bel Air.
Neighborhood
Average Rent
Average Sq Ft
Which Bel Air neighborhoods have the most rentals available?
The neighborhood in Bel Air with the most apartments available is Bel Air North .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Bel Air, MD?
Because the average rent in Bel Air is $1,594, you’ll want to make about $5,313 per month or $63,756 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 Bel Air, MD compare to other nearby cities and neighborhoods?
Use the tool below to compare Bel Air, 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.
View the Bel Air Area GuideStudio
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One Bedroom
$1,503/month
$1,503/month
Two Bedroom
$2,040/month
$2,040/month
Three Bedroom
$2,351/month
$2,351/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Bel Air?
The average rent in Bel Air is $1,594 per month, which is 4.1% lower than the national average of $1,663.
Are rents going up or down in Bel Air?
Rents in Bel Air, MD are increasing, with prices up 0.4% year-over-year and $8 more per month.
What rent range is most common in Bel Air?
In Bel Air, MD, 41% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.
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.