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Rental Market Trends in Ocean City, MD

What is the average rent in Ocean City, MD?

$704/month

Average Rent

0 Sq Ft

Average Apartment Size

+1.4%

Increase in the Last Year

As of June 2025, the average rent in Ocean City, MD is $704 per month. This is 57% lower than the national average rent of $1,628/month, making renting in Ocean City more affordable than most cities in the US. When you rent an apartment in Ocean City, you can expect to pay about per month for a studio, $704 for a one-bedroom apartment, and around $2,167 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$704/month
0 Sq Ft
Two Bedroom
$2,167/month
792 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 Ocean City, MD?

In the past year, rent has increased by 1.4%, which averages out to $10 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 Ocean City, MD
Last Updated June 2025
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Ocean City, MD
Percentage*
Rent Range
0% Below $700/month
50% $700 - $1,000/month
0% $1,001 - $1,500/month
0% $1,501 - $2,000/month
50% Above $2,000/month

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

Because the average rent in Ocean City is $704, you’ll want to make about $2,346 per month or $28,152 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

Ocean City, MD

20 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Ocean City, 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 Ocean City, MD

Apartment Averages

Nearby City Rent Trends

  • Berlin Average Rent

Apartment communities in Ocean City we think you'll love

Seaside Village Apartments

Seaside Village Apartments

12808 Briny Ln,
Ocean City, MD 21842

2 Beds | $2,899

9739 Golf Course Rd

9739 Golf Course Rd

9739 Golf Course Rd,
Ocean City, MD 21842

3 Beds | $4,000

157 Old Wharf Rd

157 Old Wharf Rd

157 Old Wharf Rd,
Ocean City, MD 21842

4 Beds | $8,500

5300 COASTAL Hwy

5300 COASTAL Hwy

5300 COASTAL Hwy,
OCEAN CITY, MD 21842

3 Beds | $2,300

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United States Maryland Ocean City 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