The Zumper Baltimore Metro Report analyzed over 11,000 active listings in March across 11 metro cities to show the most and least expensive cities and cities with the fastest growing rents.
Cities Ranked By Rent
Most Expensive
–Columbia, MD continued to reign as the most expensive city to rent in the metro area. Rent here was $1,390 this month.
–Annapolis, MD, only $10 behind Columbia, ranked as the second priciest city with rent at $1,380.
–Owings Mills, MD rent was the third most expensive this month at a median of $1,320.
Least Expensive
–Brooklyn Park, MD remained the least expensive city with rent priced at $710.
–Dundalk, MD ranked as the second most affordable city at $830.
–Arbutus, MD rent fell $50 this month to $880, making it the third least expensive city to rent.
Yearly Growth Rate
Fastest Growing (Y/Y%)
–Dundalk, MD rent had the fastest yearly growth rate, up 10.7%.
–Owings Mills, MD had the second fastest growing rent, up 8.2% since this time last year.
–Aberdeen, MD rent grew 7.8% since this time last year, making it third.
Fastest Growing (M/M%)
–Aberdeen, MD, in the top three rankings for fastest yearly rents, also had the fastest monthly growth rate as well. Rent here increased 5.4% since last month.
–Dundalk, MD had the second fastest growing monthly rents, up 5.1%.
–Baltimore, MD rent was third, growing 4.5% since last month.
Full Data
| One Bedroom | Two Bedrooms | ||||||
|---|---|---|---|---|---|---|---|
| Pos. | City | Price | M/M % | Y/Y % | Price | M/M % | Y/Y % |
| 1 | Chicago | $1,680 | -5.10% | -1.20% | $2,150 | -4.90% | -2.30% |
| 2 | Arlington Heights | $1,510 | 4.90% | 15.30% | $1,880 | -5.10% | 6.80% |
| 3 | Wheaton | $1,360 | -4.90% | 4.60% | $1,510 | 4.90% | -5.60% |
| 4 | Naperville | $1,200 | 3.40% | -14.90% | $1,560 | -1.30% | 4.70% |
| 5 | Schaumburg | $1,160 | -0.90% | -6.50% | $1,470 | 1.40% | 2.10% |
| 6 | Skokie | $1,140 | -5.00% | -14.90% | $1,530 | -5.00% | -3.20% |
| 7 | Des Plaines | $1,090 | 3.80% | 6.90% | $1,430 | 5.10% | -4.00% |
| 8 | Aurora | $1,060 | 2.90% | -0.90% | $1,470 | 5.00% | 8.10% |
| 8 | Palatine | $1,060 | 1.00% | 9.30% | $1,420 | 2.20% | 6.80% |
| 9 | Mount Prospect | $1,040 | 2.00% | 8.30% | $1,340 | -3.60% | 8.10% |
| 10 | Elgin | $930 | 3.30% | 14.80% | $1,230 | -1.60% | -3.90% |
| 11 | Berwyn | $920 | 1.10% | 0.00% | $1,290 | 4.90% | 10.30% |
| 12 | Waukegan | $870 | -5.40% | 14.50% | $1,030 | -4.60% | -1.00% |
| 13 | Kenosha | $770 | 5.50% | 14.90% | $940 | 4.40% | 6.80% |
| 14 | Joliet | $690 | 4.50% | -10.40% | $880 | 1.10% | -15.40% |
About
The Zumper Baltimore Metro Report analyzed over 11,000 listings that hit the market in March 2017. Listings are aggregated by city to calculate median asking rents.
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