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Rental Market Trends in Elkton, MD

What is the average rent in Elkton, MD?

$1,436/month

Average Rent

737 Sq Ft

Average Apartment Size

-2.4%

Decrease in the Last Year

As of March 2026, the average rent in Elkton, MD is $1,436 per month. For comparison, the national average rent price in the US is currently $1,627/month, which means Elkton rent prices are 12% lower than the national average. When you rent an apartment in Elkton, you can expect to pay about $740 per month for a studio, $1,436 for a one-bedroom apartment, and around $1,624 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,059 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$740/month
600 Sq Ft
One Bedroom
$1,436/month
737 Sq Ft
Two Bedroom
$1,624/month
996 Sq Ft
Three Bedroom
$2,059/month
1,295 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 Elkton, MD?

In the past year, rent has decreased by 2.4%, which averages out to $34 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 March 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Elkton, MD
Last Updated March 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Elkton, MD
Percentage*
Rent Range
7% Below $700/month
14% $700 - $1,000/month
36% $1,001 - $1,500/month
29% $1,501 - $2,000/month
14% Above $2,000/month

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

Because the average rent in Elkton is $1,436, you’ll want to make about $4,786 per month or $57,432 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

Elkton, MD

229 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Elkton, 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 Elkton, MD

Apartment Averages

Nearby City Rent Trends

  • North East Average Rent
  • Newark Average Rent
  • Bear Average Rent

Apartment communities in Elkton we think you'll love

West Creek Village

West Creek Village

1600 W Creek Village Dr,
Elkton, MD 21921

$1,225 - $1,900

1-3 Beds

Iron Ridge and Stonegate Apartments

Iron Ridge and Stonegate Apartments

4301 Stonegate Blvd,
Elkton, MD 21921

$1,654 - $2,409

1-3 Beds

Boulden at Southfields

Boulden at Southfields

1001 Innovation Drive,
Elkton, MD 21921

$1,680 - $2,976 Total Monthly Price

1-3 Beds

Elkton Terrace

Elkton Terrace

103 Courtney Dr,
Elkton, MD 21921

$944 - $1,644

Studio - 3 Beds

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United States Maryland Elkton 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 February 2026.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity