Downtown Annapolis 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 Downtown Annapolis is about $1,564 per month. This puts it in the 66th percentile compared to the city average cost of rent, which is $1,840. Households in Downtown Annapolis have a median income of $8,503 per month so the average renter in Downtown Annapolis is spending roughly 18% of their earnings on housing.
Nationally, and in Downtown Annapolis, home values are the data point most closely correlated with the cost of rent. The median price of a home in Downtown Annapolis is $792,081 right now, which is higher than nearby neighborhoods, meaning that rents in Downtown Annapolis also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the central parts of Downtown Annapolis while lower rent rates are often available in northwestern areas.
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