Rents are right about where Annapolis's 10-year trend predicts.
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 $2,386 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: August 17, 2026
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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 $609 per month, settling near $2,386 after starting the period at $1,777. 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 10.6 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.
Discussions about Annapolis
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Can you afford rent in Annapolis on your salary?
At $2,386/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: August 17, 2026
The median rent in Annapolis is $2,386/mo as of August 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 8.8% over the past year.
Frequently asked questions
Is Annapolis an affordable city for renters?
How much income do you need to rent in Annapolis?
Is rent going up or down in Annapolis?
Which Annapolis neighborhoods have the lowest rent?
How does Annapolis rent compare to other cities in Maryland?
What percentage of Annapolis residents rent vs. own?
How does Annapolis rent compare to the national average?
At $2,386/mo, rent takes ~25% of Annapolis's median household income ($113,860/yr). The standard benchmark is 30%.
How does this area stack up?
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Estimated from ZIP-level data
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