Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Montgomery County, Maryland?
County · Census ACS 5-Year estimates
The median gross rent in Montgomery County, Maryland is $2,068/month (±$20), based on Census ACS 5-Year estimates (2024). The median home value is $640,300 (±$5,098), and the median household income is $132,450/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Average Rent in Montgomery County, Maryland and Neighbouring Counties
Housing Metrics for Montgomery County, Maryland
| Metric | Value |
|---|---|
| Median Gross Rent | $2,068 |
| Median Home Value | $640,300 |
| Median Household Income | $132,450 |
| Total Housing Units | 389,210 |
| Renter-Occupied Units | 135,071 |
| Renter-Occupied Share | 35% |
| Households Paying 50%+ Income | 32,527 households |
Median Rent by Bedroom Count
| Bedroom | Median Rent | YoY |
|---|---|---|
| Studio | $1,685 | +94.8% |
| 1 BR | $1,819 | +104.4% |
| 2 BR | $2,113 | +105.1% |
| 3 BR | $2,515 | +108.9% |
| 4 BR | $3,095 | +113.7% |
| 5+ BR | $3,501 | +140.0% |
How does Montgomery County, Maryland compare?
Median gross rent ranked against all counties in Maryland.
Higher rent than 92% of counties in Maryland · 3rd of 24
| # | County | Value |
|---|---|---|
| 1 | Howard County | $2,099 |
| 2 | Anne Arundel County | $2,071 |
| 3 | Montgomery County(you are here) | $2,068 |
| … 18 more … | ||
| 22 | Somerset County | $1,013 |
| 23 | Allegany County | $805 |
| 24 | Garrett County | $765 |
More data for Montgomery County, Maryland
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Frequently asked questions
What is the average rent in Montgomery County, Maryland?
The median gross rent in Montgomery County, Maryland is $2,068/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in Montgomery County, Maryland?
The median rent for a 2-bedroom in Montgomery County, Maryland is $2,113/month based on Census ACS 5-Year estimates (2024). Margin of error: ±$28. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Montgomery County, Maryland?
The median home value in Montgomery County, Maryland is $640,300 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Montgomery County are rent-burdened?
In Montgomery County, Maryland, 32,527 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Montgomery County, Maryland?
The median household income in Montgomery County, Maryland is $132,450/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $2,068 has a margin of error of ±$20. In very small areas, MOEs can be large relative to the estimate.
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