How much does it cost to rent in Annapolis, MD?

As of July 2026, the median monthly rent in Annapolis, MD is $2,398. This figure is based on aggregated data from public sources and community-submitted rents.

Is Annapolis cheaper than other Maryland cities?

Annapolis is one of the pricier cities in Maryland, ranking #27 out of 95 cities tracked at $2,398/mo.

When was Annapolis rent data last updated?

Annapolis rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · MD

Annapolis

Name: Average Rent Prices in Annapolis, MD
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 40,720·27th most expensive in Maryland·Annapolis rents are up 9.4% over the past year

Median rent (all units)

$2,398/mo

Year-over-Year

+9.4%

Month-over-Month

+2.1%

vs US Median

+$433

Rising (Monthly)

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Most AffordableMost Expensive

Annapolis · $2,398

More expensive than 76% of US cities · National median $1,965/mo

Rent Reality Score

48/100

Fairly priced

OverheatedFairGreat value

Rents are right about where Annapolis's 10-year trend predicts.

Actual rent

$2,398/mo

Expected by trend

$2,371/mo

The Rent Reality Score compares today's median rent to where Annapolis's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$1,765

1 BR

$2,010

2 BR

$2,465

3 BR

$3,175

4 BR+

$3,545

Research median

$2,465/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$28,776/yr

At $2,398/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 9.4% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+9.4% YoY, +2.1% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

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.

Population

40,720

Median income

$113,860

Median age

Renters

38%

Age distribution

20.3%

20.2%

23.7%

15.4%

20.4%

Under 1820.3%

18–3420.2%

35–5423.7%

55–6415.4%

65+20.4%

Gender

47.9%

52.1%

Male47.9%

Female52.1%

Race & ethnicity

59.6%

20.3%

14.8%

White59.6%

Black20.3%

Hispanic14.8%

Asian3.1%

Other2.2%

Education (25+)

14.8%

22.4%

53.8%

No HS diploma9%

HS diploma14.8%

Some college22.4%

Bachelor's+53.8%

Housing tenure

62%

38%

Owner62%

Renter38%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Annapolis, MD has changed in 5 years

Rent

$1,777 → $2,398

up 34.9%

Income

$92,026 → $113,860

up 23.7%

Population

40,581 → 40,720

up 0.3%

Renter share

42.3% → 38%

-4.3 pts

Bachelor's+

50.1% → 53.8%

+3.7 pts

Median age

37.5 → 43

+5.5 yrs

Compared with 2021, rent in Annapolis, MD has climbed by $621 per month, settling near $2,398 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 11.2 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.

Community

Discussions about Annapolis

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View Annapolis rent history (2015–2026) →

Salary vs rent

Can you afford rent in Annapolis on your salary?

At $2,398/mo, how Annapolis rent compares to typical pay (30% rule).

Registered Nurse

Avg $102,038/yr · Rent = 28.2% income

affordable

Elementary School Teacher

Avg $72,446/yr · Rent = 39.7% income

stretched

Police Officer

Avg $83,452/yr · Rent = 34.5% income

stretched

Software Developer

Avg $149,159/yr · Rent = 19.3% income

very comfortable

Lawyer

Avg $190,588/yr · Rent = 15.1% income

very comfortable

Firefighter

Avg $67,835/yr · Rent = 42.4% income

rent-burdened

Truck Driver

Avg $61,247/yr · Rent = 47% income

rent-burdened

Electrician

Avg $75,492/yr · Rent = 38.1% income

stretched

By apartment size

Annapolis rent by bedroom count

Median rent for each apartment size in Annapolis. Click any size for full breakdown.

Local insights

Tips for renters in Annapolis

About renting in Annapolis, MD

Last updated: July 20, 2026

The median rent in Annapolis is $2,398/mo as of July 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 9.4% over the past year.

FAQ

Frequently asked questions

Is Annapolis an affordable city for renters?

Annapolis is considered affordable for renters. At $2,398/mo, rent takes approximately 25% of the local median household income ($113,860/yr). The standard benchmark is 30%. Annapolis falls comfortably within that range.

How much income do you need to rent in Annapolis?

To keep rent at or below 30% of gross income, you would need to earn at least $96,000/year (~$46/hour full-time) to afford the median rent of $2,398/mo in Annapolis. The local median household income is $113,860/yr, meaning the typical Annapolis household meets that threshold.

Is rent going up or down in Annapolis?

Rent in Annapolis has increased 9.4% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Annapolis neighborhoods have the lowest rent?

The most affordable ZIP codes in Annapolis are 21403 ($2,260/mo), and 21401 ($2,409/mo). Citywide, the median rent in Annapolis is $2,398/mo.

How does Annapolis rent compare to other cities in Maryland?

Annapolis is one of the pricier cities in Maryland for rent, ranking #27 out of 95 tracked cities at $2,398/mo.

What percentage of Annapolis residents rent vs. own?

According to Census data, approximately 38% of Annapolis households are renters, while 62% are owner-occupied. Annapolis leans toward homeownership, which can mean a smaller rental inventory.

How does Annapolis rent compare to the national average?

Annapolis's median rent of $2,398/mo is $433 (22%) above the US national median of $1,965/mo. Within Maryland, it ranks #27 out of 95 tracked cities.

Income Affordability

25%

AFFORDABLE

At $2,398/mo, rent takes ~25% of Annapolis's median household income ($113,860/yr). The standard benchmark is 30%.

Annapolis 25%Benchmark 30%

State income tax2–5.75%

Run the Annapolis affordability calculator →

Nearby cities