Baltimore is the largest city in Maryland with a population of approximately 600,000. The cost of living in Baltimore is significantly lower compared to other major US cities. Prices for renting apartments remain quite affordable, with the exception of the most expensive neighborhoods. In this article, we will look at the average rental prices for one and two bedroom apartments in Baltimore, Maryland. The average rental price for a one-bedroom apartment in Baltimore is $1,370 per month. Rental prices for one-bedroom apartments are up 8.70% year-on-year. Two-bedroom apartments can be rented on average for $1,590 per month (+13.60% year-on-year). Downtown Baltimore is Baltimore’s most popular neighborhood with the most rental listings. The median rent for a one-bedroom apartment in Downtown Baltimore is $1,560 per month (as of October 2022).
The most affordable neighborhoods in Baltimore include Hollins Park ($950/month for one-bedroom apartment), Woodbrook ($1,050/month) and Washington Village ($1,075/month).
The most expensive neighborhoods in Baltimore include Little Italy ($2,330/month), Hampden ($2,300/month) and Riverside ($2,250/month)