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Rental Market Trends in New Market, MD

Updated July 2026

The average rent in New Market, MD is $2,158/month.

Rent in New Market is 30% higher than the national average rent of $1,663/month, making this one of the more expensive cities statewide.

$2,158/month

Average Rent

741 Sq Ft

Average Size

+16.3%

Change / Year

13

Available Apartments

New Market rent varies by unit size and layout:

  • Studio apartments in New Market average per month.
  • One-bedroom apartments in New Market average $2,158 per month.
  • Two-bedroom apartments in New Market average $2,615 per month.
  • Three-bedroom apartments in New Market average $3,251 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$2,158/month
741 Sq Ft
Two Bedroom
$2,615/month
1,153 Sq Ft
Three Bedroom
$3,251/month
1,385 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Three Bedroom
$3,041/month
1,557 Sq Ft
View New Market Apartments

How much has average rent changed in New Market, MD?

In the past year, rent has increased by 16.3%, which averages out to $352 more per month.

Market Trends Over Time

July 2026

2025 2026
Market Trends Over Time

Rent Ranges in New Market, MD

July 2026
Above $2,000
Most rental prices fall within this range
Rent Ranges in New Market, MD
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
0% $1,001 - $1,500/month
0% $1,501 - $2,000/month
100% Above $2,000/month

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

Because the average rent in New Market is $2,158, you’ll want to make about $7,193 per month or $86,316 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.

City

New Market, MD

13 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare New Market, 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.

Apartment Averages

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Frederick

    Frederick

Apartment Communities in New Market We Think You'll Love

10281 Cliff Swallow Ct

10281 Cliff Swallow Ct

10281 Cliff Swallow Ct,
New Market, MD 21774

2 Beds | $1,995

10289 Cliff Swallow Ct

10289 Cliff Swallow Ct

10289 Cliff Swallow Ct,
New Market, MD 21774

2 Beds | $1,995

6979 Mandalong Wy

6979 Mandalong Wy

6979 Mandalong Wy,
New Market, MD 21774

5 Beds | $4,400

5940 Tomahawk St

5940 Tomahawk St

5940 Tomahawk St,
New Market, MD 21774

4 Beds | $2,995

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Frequently Asked Questions

What is the average rent in New Market?

The average rent in New Market is $2,158 per month, which is 29.8% higher than the national average of $1,663.

Are rents going up or down in New Market?

Rents in New Market, MD are increasing, with prices up 16.3% year-over-year and $352 more per month.

What rent range is most common in New Market?

In New Market, MD, 100% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.

United States Maryland New Market 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 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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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity