Baltimore City renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Baltimore City is about $1,204 per month. This puts it in the 35th percentile compared to the state average cost of rent, which is $1,646. Households in Baltimore City have a median income of $5,381 per month so the average renter in Baltimore City is spending roughly 22% of their earnings on housing.
Nationally, and in Baltimore City, home values are the data point most closely correlated with the cost of rent. The median price of a home in Baltimore City is $205,403 right now, which is lower than nearby counties, meaning that rents in Baltimore City also tend to be lower versus these nearby counties.
Higher rent prices are common in the southeastern parts of Baltimore City while lower rent rates are often available in central areas.
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