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Rental Market Trends in Owings Mills, MD

What is the average rent in Owings Mills, MD?

$1,585/month

Average Rent

772 Sq Ft

Average Apartment Size

+1.4%

Increase in the Last Year

As of March 2026, the average rent in Owings Mills, MD is $1,585 per month. For comparison, the national average rent price in the US is currently $1,626/month, which means Owings Mills rent prices are 3% lower than the national average. When you rent an apartment in Owings Mills, you can expect to pay about $1,457 per month for a studio, $1,585 for a one-bedroom apartment, and around $1,903 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,219 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,457/month
528 Sq Ft
One Bedroom
$1,585/month
772 Sq Ft
Two Bedroom
$1,903/month
1,124 Sq Ft
Three Bedroom
$2,219/month
1,268 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,920/month
1,944 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,385/month
577 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$2,871/month
1,131 Sq Ft
Four Bedroom
$3,069/month
1,811 Sq Ft

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

In the past year, rent has increased by 1.4%, which averages out to $23 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 March 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Owings Mills, MD
Last Updated March 2026
$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
6% $1,001 - $1,500/month
62% $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, Morningside Heights, Watermill and Garrison Woods are the most affordable neighborhoods in Owings Mills.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Morningside Heights
$1,309/month
721 Sq Ft
Watermill
$1,309/month
721 Sq Ft
Garrison Woods
$1,647/month
799 Sq Ft
The Hamlet
$1,659/month
810 Sq Ft
Garrison
$1,880/month
758 Sq Ft
Mill Towne Village
$1,944/month
655 Sq Ft

What are the most expensive neighborhoods in Owings Mills?

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

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Mill Towne Village
$1,944/month
655 Sq Ft
Garrison
$1,880/month
758 Sq Ft
The Hamlet
$1,659/month
810 Sq Ft
Garrison Woods
$1,647/month
799 Sq Ft
Morningside Heights
$1,309/month
721 Sq Ft
Watermill
$1,309/month
721 Sq Ft

Which Owings Mills neighborhoods have the most rentals available?

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

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Garrison
$1,880/month
758 Sq Ft
Morningside Heights
$1,309/month
721 Sq Ft
Watermill
$1,309/month
721 Sq Ft
The Hamlet
$1,659/month
810 Sq Ft
Garrison Woods
$1,647/month
799 Sq Ft
Mill Towne Village
$1,944/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 $1,585, you’ll want to make about $5,283 per month or $63,396 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

891 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

Morningside Heights

Owings Mills, MD

Mill Towne Village

Owings Mills, MD

Studio
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-
One Bedroom
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-
Two Bedroom
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Three Bedroom
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Search
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Apartment communities in Owings Mills we think you'll love

The Preserve at Owings Crossing Apartment Homes

The Preserve at Owings Crossing Apartment Homes

10 Brookebury Dr,
Reisterstown, MD 21136

$1,200 - $3,068

Studio - 3 Beds

The Apartments at Metro Centre

The Apartments at Metro Centre

10500 Grand Central Ave,
Owings Mills, MD 21117

$1,699 - $2,390

1-2 Beds

The View at Mill Run

The View at Mill Run

9755 Mill Centre Dr,
Owings Mills, MD 21117

$1,575 - $2,215 Total Monthly Price

1-2 Beds | 12 Month Lease

Avana Red Run

Avana Red Run

4300 Flint Hill Dr,
Owings Mills, MD 21117

$1,520 - $5,784 Total Monthly Price

1-3 Beds

Property Management Companies in Owings Mills, MD

WPM Real Estate Management
WPM Real Estate Management
  • 51

    Communities

  • 9,527

    Units

  • 22

    Cities

5 Communities in Owings Mills
Apartment Services
Apartment Services
  • 32

    Communities

  • 7,152

    Units

  • 15

    Cities

5 Communities in Owings Mills
Greystar
Greystar
  • 3,469

    Communities

  • 955,410

    Units

  • 894

    Cities

3 Communities in Owings Mills
Morgan Properties
Morgan Properties
  • 391

    Communities

  • 108,253

    Units

  • 240

    Cities

3 Communities in Owings Mills
The Dolben Company
The Dolben Company
  • 62

    Communities

  • 14,822

    Units

  • 46

    Cities

2 Communities in Owings Mills
AvalonBay
AvalonBay
  • 193

    Communities

  • 70,211

    Units

  • 133

    Cities

1 Community in Owings Mills
Trinity Property Consultants
Trinity Property Consultants
  • 164

    Communities

  • 42,483

    Units

  • 96

    Cities

1 Community in Owings Mills
FPA Multifamily LLC
FPA Multifamily LLC
  • 84

    Communities

  • 17,112

    Units

  • 63

    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 February 2026.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity