Median rents, rental comps, and market trends across 15 zip codes in Baltimore, MD.
Affordable entry points and strong healthcare employment anchored by Johns Hopkins. But neighborhood selection isn't just important here — it's the whole game. Two blocks in the wrong direction changes everything about your rental comps.
Median Asking Rent
$1,518
Rent Change (YoY)
-2.6%
Avg Days on Market
51
Active Rental Listings
2,708
Median List Price
$265,000
Average across 15 zip codes
ZIP | Median Rent |
|---|---|
| 21210 | $2,041/mo |
| 21211 | $1,995/mo |
| 21224 | $1,900/mo |
| 21209 | $1,655/mo |
| 21205 | $1,650/mo |
| 21213 | $1,600/mo |
| 21202 | $1,502/mo |
| 21214 | $1,500/mo |
| 21207 | $1,469/mo |
| 21218 | $1,450/mo |
| 21201 | $1,425/mo |
| 21217 | $1,400/mo |
| 21216 | $1,300/mo |
| 21206 | $1,295/mo |
| 21215 | $1,250/mo |
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| Unit Size | Median Rent |
|---|---|
| Studio | $1,200/mo |
| 1 Bedroom | $1,100/mo |
| 2 Bedroom | $1,599/mo |
| 3 Bedroom | $1,825/mo |
| 4 Bedroom | $2,400/mo |
Aggregated median across all Baltimore zip codes with available data.
| ZIP | Median List Price |
|---|---|
| 21210 | $389,000 |
| 21211 | $350,000 |
| 21207 | $320,000 |
| 21214 | $299,000 |
| 21224 | $285,000 |
| 21209 | $279,990 |
| 21201 | $279,888 |
| 21206 | $265,000 |
| 21202 | $249,000 |
| 21218 | $205,000 |
| 21215 | $189,900 |
| 21205 | $159,000 |
| 21216 | $155,000 |
| 21213 | $149,900 |
| 21217 | $141,000 |
| Unit Size | Fair Market Rent |
|---|---|
| Studio | $1,430/mo |
| 1 Bedroom | $1,590/mo |
| 2 Bedroom | $1,950/mo |
| 3 Bedroom | $2,480/mo |
| 4 Bedroom | $2,740/mo |
Fair Market Rents are published annually by HUD for the Baltimore metropolitan area. Local housing authorities use these to set Section 8 voucher payment standards, typically between 90% and 110% of the FMR.
The median asking rent across Baltimore, MD is currently $1,518/month, based on active rental listings across 15 zip codes. Median asking rents have decreased by -2.6% over the past 12 months.
Asking rents vary significantly across the city. ZIP 21210 has the highest median asking rent at $2,041/month, while ZIP 21215 comes in at $1,250/month.
Rental listings in the area spend an average of 51 days on market before being leased, suggesting a more tenant-friendly market.
The HUD Fair Market Rent for a 2-bedroom in the Baltimore metro area is $1,950/month. Current median asking rents are near or below the FMR for this area.
Baltimore is one of the most affordable large cities on the East Coast, and Johns Hopkins (both the university and hospital system) is the economic anchor. Federal Hill, Canton, and Fells Point are premium neighborhoods that attract young professionals. Neighborhoods like Pigtown, Highlandtown, and Hampden are in various stages of gentrification. Parts of West and East Baltimore are still very challenged. This is a market where the difference between a great investment and a bad one is measured in blocks, not miles. The cash flow potential is real in the right areas, but you need to do your homework. Baltimore also has a ground rent system that's unique to Maryland, so understand that before buying. If you're willing to learn the geography, there's opportunity here.
Want to look up rental comps and rent estimates for a specific property in Baltimore? PropMetrics lets you search any address and get detailed rental data instantly.
Get rent estimates, comparable rentals, and market data for any property in Baltimore, MD. Free to start.
What rental comps are, what makes a good one, and how to use them to price your rental property accurately.
Fair market rent, Section 8, HUD... what does it all mean? A straightforward breakdown of how it works and why it matters.
A step-by-step guide to pricing your rental so it rents quickly without leaving money on the table.