Rents are 3% below what Annapolis's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,344 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in Annapolis usually run 1.4% below trend in December and 1.6% above it in July, about $70 a month apart at today's median. Based on 11 years of data.
Rent in Annapolis is at its highest level since Zillow's records here began in January 2015.
Rent in Annapolis changed +3.7% over the year to September 2026. Across the 81 Maryland cities Zillow tracks, the typical change was +2.4%.
From 2019 to 2024, rent in Annapolis rose 33.4% while median household income rose 33% ($85,636 to $113,860). Rent outpaced income.
Rent in Annapolis is 37.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 6 months in a row, and rose in 9 of the last 12 months.
30% of the median household income ($113,860) is $2,847 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,465); a 3-bedroom is $3,175.
Glen Burnie, 15 miles away, rents for 26% less ($1,729/mo), about $7,400 a year in savings.
From Zillow's monthly rent index (ZORI) for Annapolis. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Annapolis, MD is majority owner-occupied, has a large retiree population, has a median income above the national average, 53.8% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Annapolis, MD has changed in 5 years
Compared with 2021, rent in Annapolis, MD has climbed by $533 per month, settling near $2,344 after starting the period at $1,811. Household income in the area moved from $92,026 to $113,860 across the same window, up 23.7% versus 2021. Rent outpaced income growth by roughly 5.7 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. About 38% of households rent today, against 42.3% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 50.1% to 53.8%. Reading these numbers side by side helps frame whether current listings in Annapolis, MD look reasonable against where the market sat half a decade ago.
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Can you afford rent in Annapolis on your salary?
At $2,344/mo, how Annapolis rent compares to typical pay (30% rule).
Annapolis rent by bedroom count
Median rent for each apartment size in Annapolis. Click any size for full breakdown.
Tips for renters in Annapolis
Last updated: October 17, 2026
The median rent in Annapolis is $2,344/mo as of October 2026. A studio apartment averages $1,765/mo while a 2-bedroom runs $2,465/mo. One-bedroom apartments average $2,010/mo and 3-bedroom units go for $3,175/mo.
At 25% of local median household income ($113,860/yr), Annapolis ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.7% over the past year.
Frequently asked questions
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How does Annapolis rent compare to other cities in Maryland?
At $2,344/mo, rent takes ~25% of Annapolis's median household income ($113,860/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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