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Rental Market Trends in Owings Mills, MD

What is the average rent in Owings Mills, MD?

$1,605/month

Average Rent

772 Sq Ft

Average Apartment Size

+3.1%

Increase in the Last Year

As of June 2025, the average rent in Owings Mills, MD is $1,605 per month. For comparison, the national average rent price in the US is currently $1,627/month, which means Owings Mills rent prices are 1% lower than the national average. When you rent an apartment in Owings Mills, you can expect to pay about $1,419 per month for a studio, $1,605 for a one-bedroom apartment, and around $1,905 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,183 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,419/month
514 Sq Ft
One Bedroom
$1,605/month
772 Sq Ft
Two Bedroom
$1,905/month
1,124 Sq Ft
Three Bedroom
$2,183/month
1,243 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$2,346/month
1,269 Sq Ft
Four Bedroom
$3,558/month
2,180 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$2,797/month
1,339 Sq Ft

How much has average rent changed in Owings Mills, MD?

In the past year, rent has increased by 3.1%, which averages out to $50 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 Owings Mills, MD
Last Updated June 2025
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Owings Mills, MD
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
12% $1,001 - $1,500/month
56% $1,501 - $2,000/month
32% Above $2,000/month

Rent by Neighborhood

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

What are the most affordable neighborhoods in Owings Mills?

Based on current rent prices, Owings Ridge, Morningside Heights and Watermill are the most affordable neighborhoods in Owings Mills.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Owings Ridge
$1,427/month
585 Sq Ft
Morningside Heights
$1,526/month
725 Sq Ft
Watermill
$1,526/month
725 Sq Ft
Mill Towne Village
$1,833/month
655 Sq Ft
Village Painters Mill
$1,857/month
727 Sq Ft
Garrison
$1,899/month
748 Sq Ft

What are the most expensive neighborhoods in Owings Mills?

Based on current rent prices, Garrison, Village Painters Mill and Mill Towne Village are the most expensive neighborhoods in Owings Mills.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Garrison
$1,899/month
748 Sq Ft
Village Painters Mill
$1,857/month
727 Sq Ft
Mill Towne Village
$1,833/month
655 Sq Ft
Morningside Heights
$1,526/month
725 Sq Ft
Watermill
$1,526/month
725 Sq Ft
Owings Ridge
$1,427/month
585 Sq Ft

Which Owings Mills neighborhoods have the most rentals available?

The neighborhoods in Owings Mills with the most apartments available are Morningside Heights, Watermill and Garrison .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Morningside Heights
$1,526/month
725 Sq Ft
Watermill
$1,526/month
725 Sq Ft
Garrison
$1,899/month
748 Sq Ft
Village Painters Mill
$1,857/month
727 Sq Ft
Owings Ridge
$1,427/month
585 Sq Ft
Mill Towne Village
$1,833/month
655 Sq Ft
This information is based on data collected by CoStar Group researchers.†

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

Because the average rent in Owings Mills is $1,605, you’ll want to make about $5,350 per month or $64,200 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

Owings Mills, MD

806 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Owings Mills, 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 Owings Mills, MD

Apartment Averages

Owings Ridge

Owings Mills, MD

Garrison

Owings Mills, MD

Studio
-
$1,622/month
One Bedroom
-
$1,736/month
Two Bedroom
-
$2,272/month
Three Bedroom
-
$2,805/month
Search
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Nearby City Rent Trends

  • Reisterstown Average Rent
  • Randallstown Average Rent
  • Pikesville Average Rent
  • Windsor Mill Average Rent

Apartment communities in Owings Mills we think you'll love

The Preserve at Owings Crossing Apartment ...

The Preserve at Owings Crossing Apartment ...

10 Brookebury Dr,
Reisterstown, MD 21136

Studio - 3 Beds | $1,175 - $4,072

The Apartments at Metro Centre

The Apartments at Metro Centre

10500 Grand Central Ave,
Owings Mills, MD 21117

1-2 Beds | $1,699 - $2,262

The Apartments at Owings Run

The Apartments at Owings Run

4604 Owings Run Rd,
Owings Mills, MD 21117

1-3 Beds | $1,784 - $2,994

Chase Lea Apartment Homes

Chase Lea Apartment Homes

1 Hartley Cir,
Owings Mills, MD 21117

1-3 Beds | $1,290 - $5,260

Property Management Companies in Owings Mills, MD

The Time Group
The Time Group
  • 54

    Communities

  • 10,115

    Units

  • 25

    Cities

5 Communities in Owings Mills
Apartment Services
Apartment Services
  • 32

    Communities

  • 7,152

    Units

  • 15

    Cities

5 Communities in Owings Mills
Morgan Properties
Morgan Properties
  • 325

    Communities

  • 97,635

    Units

  • 199

    Cities

3 Communities in Owings Mills
Greystar
Greystar
  • 3,265

    Communities

  • 907,285

    Units

  • 843

    Cities

2 Communities in Owings Mills
The Dolben Company
The Dolben Company
  • 60

    Communities

  • 14,237

    Units

  • 44

    Cities

2 Communities in Owings Mills
AvalonBay
AvalonBay
  • 231

    Communities

  • 78,536

    Units

  • 150

    Cities

1 Community in Owings Mills
Trinity Property Consultants
Trinity Property Consultants
  • 158

    Communities

  • 43,087

    Units

  • 98

    Cities

1 Community in Owings Mills
Kushner Companies
Kushner Companies
  • 61

    Communities

  • 21,142

    Units

  • 45

    Cities

1 Community in Owings Mills

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United States Maryland Owings Mills 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