Rents are 7% below what Chevy Chase'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 $2,705 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
March. Asking rents in Chevy Chase usually run 1.9% below trend in March and 2.2% above it in August, about $111 a month apart at today's median. Based on 7 years of data.
Rent in Chevy Chase is 1.3% below its high of $2,742 in July 2025, at $2,705 as of September 2026.
Rent in Chevy Chase changed +0.7% over the year to September 2026. Across the 81 Maryland cities Zillow tracks, the typical change was +2.4%.
Rent in Chevy Chase is 19.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 2 months in a row, and rose in 7 of the last 12 months.
30% of the median household income ($211,765) is $5,294 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($4,030).
Takoma Park, 4 miles away, rents for 41% less ($1,607/mo), about $13,200 a year in savings.
From Zillow's monthly rent index (ZORI) for Chevy Chase. 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
Chevy Chase, MD is majority owner-occupied, has a large retiree population, has a median income above the national average, 95.2% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Chevy Chase, MD has changed in 5 years
Compared with 2021, rent in Chevy Chase, MD has increased by $645 per month, settling near $2,705 after starting the period at $2,060. Household income in the area moved from $207,971 to $211,765 across the same window, up 1.8% versus 2021. Rent outpaced income growth by roughly 29.5 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 9,889 to 1,903 between 2021 and 2024, a 80.8% change. About 3.7% of households rent today, against 26% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 87.5% to 95.2%. Reading these numbers side by side helps frame whether current listings in Chevy Chase, MD look reasonable against where the market sat half a decade ago.
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Can you afford rent in Chevy Chase on your salary?
At $2,705/mo, how Chevy Chase rent compares to typical pay (30% rule).
Chevy Chase rent by bedroom count
Median rent for each apartment size in Chevy Chase. Click any size for full breakdown.
Tips for renters in Chevy Chase
Last updated: October 17, 2026
The median rent in Chevy Chase is $2,705/mo as of October 2026. A studio apartment averages $2,370/mo while a 2-bedroom runs $2,730/mo. One-bedroom apartments average $2,430/mo and 3-bedroom units go for $3,410/mo.
At 15% of local median household income ($211,765/yr), Chevy Chase ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.7% over the past year.
Frequently asked questions
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Is rent going up or down in Chevy Chase?
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How does Chevy Chase rent compare to other cities in Maryland?
Which nearby cities are cheaper to rent in than Chevy Chase?
At $2,705/mo, rent takes ~15% of Chevy Chase's median household income ($211,765/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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