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Rental Market Trends in Hagerstown, MD

What is the average rent in Hagerstown, MD?

$1,230/month

Average Rent

697 Sq Ft

Average Apartment Size

+2.7%

Increase in the Last Year

As of April 2026, the average rent in Hagerstown, MD is $1,230 per month. This is 25% lower than the national average rent of $1,641/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 $870 per month for a studio, $1,230 for a one-bedroom apartment, and around $1,397 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,681 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$870/month
475 Sq Ft
One Bedroom
$1,230/month
697 Sq Ft
Two Bedroom
$1,397/month
958 Sq Ft
Three Bedroom
$1,681/month
1,434 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,842/month
470 Sq Ft
Three Bedroom
$2,203/month
1,087 Sq Ft
Four Bedroom
$3,189/month
1,739 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,026/month
485 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Hagerstown, MD?

In the past year, rent has increased by 2.7%, which averages out to $33 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 April 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Hagerstown, MD
Last Updated April 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Hagerstown, MD
Percentage*
Rent Range
9% Below $700/month
22% $700 - $1,000/month
49% $1,001 - $1,500/month
19% $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, City Square, Downtown Historic Hagerstown and Historic Heights are the most affordable neighborhoods in Hagerstown.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
City Square
$1,355/month
703 Sq Ft
Downtown Historic Hagerstown
$1,355/month
703 Sq Ft
Historic Heights
$1,402/month
710 Sq Ft
Oak Ridge Development
$1,452/month
801 Sq Ft

What are the most expensive neighborhoods in Hagerstown?

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

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Oak Ridge Development
$1,452/month
801 Sq Ft
Historic Heights
$1,402/month
710 Sq Ft
City Square
$1,355/month
703 Sq Ft
Downtown Historic Hagerstown
$1,355/month
703 Sq Ft

Which Hagerstown neighborhoods have the most rentals available?

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

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
City Square
$1,355/month
703 Sq Ft
Downtown Historic Hagerstown
$1,355/month
703 Sq Ft
Historic Heights
$1,402/month
710 Sq Ft
Oak Ridge Development
$1,452/month
801 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 $1,230, you’ll want to make about $4,100 per month or $49,200 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

291 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

City Square

Hagerstown, MD

Oak Ridge Development

Hagerstown, MD

Studio
$1,258/month
-
One Bedroom
$1,115/month
-
Two Bedroom
$1,536/month
-
Three Bedroom
$1,356/month
-
Search
Search

Apartment communities in Hagerstown we think you'll love

Burhans Village

Burhans Village

,
Hagerstown, MD 21740

$2,025 - $2,375

3 Beds

The Apartments at Oak Hill

The Apartments at Oak Hill

55 Manor Dr,
Hagerstown, MD 21740

$1,166 - $1,576

1-3 Beds

Rosewood Village

Rosewood Village

11211 John F Kennedy Dr,
Hagerstown, MD 21742

$1,399 - $2,066

2-3 Beds

Kenley Square

Kenley Square

1150 Kenly Ave,
Hagerstown, MD 21740

$1,599 - $1,924

2 Beds

Property Management Companies in Hagerstown, MD

Maryland Management
Maryland Management
  • 23

    Communities

  • 5,991

    Units

  • 12

    Cities

2 Communities in Hagerstown
AION Partners
AION Partners
  • 53

    Communities

  • 18,352

    Units

  • 38

    Cities

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

    Communities

  • 3,278

    Units

  • 15

    Cities

1 Community in Hagerstown
APT Management
APT Management
  • 17

    Communities

  • 1,323

    Units

  • 12

    Cities

1 Community in Hagerstown

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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 February 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.

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© 2026 CoStar Group, Inc. Equal Housing Opportunity

Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity