Severna Park 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 Severna Park is about $1,644 per month. This puts it in the 69th percentile compared to the state average cost of rent, which is $1,646. Households in Severna Park have a median income of $13,652 per month so the average renter in Severna Park is spending roughly 12% of their earnings on housing.
Nationally, and in Severna Park, home values are the data point most closely correlated with the cost of rent. The median price of a home in Severna Park is $578,457 right now, which is higher than nearby cities, meaning that rents in Severna Park also tend to be higher versus these nearby cities.
Higher rent prices are common in the southwestern parts of Severna Park while lower rent rates are often available in central areas.
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