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RentData.org Logo Baltimore-Columbia-Towson Fair Market Rent FY 2024 Baltimore-Columbia-Towson, MD MSA Rental Data

Fair Market Rent Prices in Baltimore-Columbia-Towson, MD :
$1,379 $1,582 $1,943 $2,519 $2,849
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Baltimore-Columbia-Towson are very high compared to the national average. This FMR area is more expensive than 97% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Baltimore-Columbia-Towson is $1,943 per month.

The previous year, rent for a two-bedroom home was $1,548 per month. This is a 25.52% increase year-over-year.

This FMR rate applies to Annapolis Junction, MD, Gibson Island, MD, Mayo, MD, Baltimore, MD, Harmans, MD, Galesville, MD, Friendship, MD, Tracys Landing, MD, West River, MD, Deale, MD and other cities within the region. The Metro Code or CBSA code for this region is METRO12580M12580.

Additionally, This Fair Market Rent (FMR) area Baltimore-Columbia-Towson, MD MSA spans one county or city in Maryland which is listed in the table below. Estimated population of Baltimore-Columbia-Towson, MD MSA FMR area is 575,421 people based on latest Census data.

Compared to the rest of Maryland, the Baltimore-Columbia-Towson FMR area is more expensive than 92% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Baltimore-Columbia-Towson. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Baltimore-Columbia-Towson

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 1497
1-BR 1-Bedroom $ 1717
2-BR 2-Bedroom $ 2109
3-BR 3-Bedroom $ 2734
4-BR 4-Bedroom $ 3093
Change Year:

There is just one county (listed below) within the Baltimore-Columbia-Towson, MD MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: Baltimore and Washington, Dc (Hagrstwn).

County / Region Est. Population
Baltimore-Columbia-Towson, MD Metro 575,421
Zip Codes in Baltimore-Columbia-Towson, MD MSA

There are 48 unique zip codes in this Fair Market Rent (FMR) area:

20701, 20711, 20714, 20724, 20733, 20736, 20751, 20754, 20755, 20758, 20764, 20765, 20776, 20778, 20779, 20794, 21012, 21032, 21035, 21037, 21054, 21056, 21060, 21061, 21062, 21076, 21077, 21090, 21106, 21108, 21113, 21114, 21122, 21123, 21140, 21144, 21146, 21225, 21226, 21240, 21401, 21402, 21403, 21404, 21405, 21409, 21411 and 21412

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