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Rental Market Trends in Hagerstown, MD

What is the average rent in Hagerstown, MD?

$1,152/month

Average Rent

701 Sq Ft

Average Apartment Size

+2%

Increase in the Last Year

As of June 2025, the average rent in Hagerstown, MD is $1,152 per month. This is 29% lower than the national average rent of $1,628/month, making renting in Hagerstown more affordable than most cities in the US. When you rent an apartment in Hagerstown, you can expect to pay about $635 per month for a studio, $1,152 for a one-bedroom apartment, and around $1,347 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,622 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$635/month
473 Sq Ft
One Bedroom
$1,152/month
701 Sq Ft
Two Bedroom
$1,347/month
960 Sq Ft
Three Bedroom
$1,622/month
1,433 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,638/month
422 Sq Ft
Three Bedroom
$2,043/month
1,442 Sq Ft
Four Bedroom
$2,775/month
2,166 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,115/month
1,678 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$1,664/month
518 Sq Ft

How much has average rent changed in Hagerstown, MD?

In the past year, rent has increased by 2%, which averages out to $24 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 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Hagerstown, MD
Last Updated June 2025
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Hagerstown, MD
Percentage*
Rent Range
12% Below $700/month
24% $700 - $1,000/month
46% $1,001 - $1,500/month
16% $1,501 - $2,000/month
1% Above $2,000/month

Rent by Neighborhood

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

What are the most affordable neighborhoods in Hagerstown?

Based on current rent prices, Oak Ridge Development, City Square and Downtown Historic Hagerstown are the most affordable neighborhoods in Hagerstown.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Oak Ridge Development
$1,325/month
806 Sq Ft
City Square
$1,444/month
712 Sq Ft
Downtown Historic Hagerstown
$1,444/month
712 Sq Ft
Historic Heights
$1,497/month
706 Sq Ft

What are the most expensive neighborhoods in Hagerstown?

Based on current rent prices, Historic Heights, City Square and Downtown Historic Hagerstown are the most expensive neighborhoods in Hagerstown.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Historic Heights
$1,497/month
706 Sq Ft
City Square
$1,444/month
712 Sq Ft
Downtown Historic Hagerstown
$1,444/month
712 Sq Ft
Oak Ridge Development
$1,325/month
806 Sq Ft

Which Hagerstown neighborhoods have the most rentals available?

The neighborhoods in Hagerstown with the most apartments available are Oak Ridge Development, City Square and Downtown Historic Hagerstown .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Oak Ridge Development
$1,325/month
806 Sq Ft
City Square
$1,444/month
712 Sq Ft
Downtown Historic Hagerstown
$1,444/month
712 Sq Ft
Historic Heights
$1,497/month
706 Sq Ft
This information is based on data collected by CoStar Group researchers.†

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

Because the average rent in Hagerstown is $1,152, you’ll want to make about $3,840 per month or $46,080 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

Hagerstown, MD

326 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Hagerstown, 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 Hagerstown, MD

Apartment Averages

Oak Ridge Development

Hagerstown, MD

Historic Heights

Hagerstown, MD

Studio
-
$818/month
One Bedroom
-
$1,325/month
Two Bedroom
-
$1,761/month
Three Bedroom
-
$1,544/month
Search
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Apartment communities in Hagerstown we think you'll love

Burhans Village

Burhans Village

,
Hagerstown, MD 21740

3 Beds | $2,100 - $2,965

The Apartments at Oak Hill

The Apartments at Oak Hill

55 Manor Dr,
Hagerstown, MD 21740

2-3 Beds | $1,304 - $1,627

Rosewood Village

Rosewood Village

11211 John F Kennedy Dr,
Hagerstown, MD 21742

2-3 Beds | $1,400 - $2,100

Kenley Square

Kenley Square

1150 Kenly Ave,
Hagerstown, MD 21740

2 Beds | $1,609 - $1,894

Property Management Companies in Hagerstown, MD

Shaool Management
Shaool Management
  • 10

    Communities

  • 1,318

    Units

  • 4

    Cities

5 Communities in Hagerstown
Maryland Management
Maryland Management
  • 34

    Communities

  • 8,711

    Units

  • 15

    Cities

2 Communities in Hagerstown
AION Management
AION Management
  • 54

    Communities

  • 18,424

    Units

  • 35

    Cities

1 Community in Hagerstown
Burkentine and Sons Builders
Burkentine and Sons Builders
  • 18

    Communities

  • 3,075

    Units

  • 15

    Cities

1 Community in Hagerstown

Learn More with Helpful Articles

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How Much Should I Spend on Rent?

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United States Maryland Hagerstown 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