Rents are right about where Montgomery Village'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 $2,372 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
Rent in Montgomery Village is at its highest level since Zillow's records here began in June 2022.
Rent in Montgomery Village changed +5.8% over the year to September 2026. Across the 81 Maryland cities Zillow tracks, the typical change was +2.4%.
Rent has risen 2 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($95,348) is $2,384 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,150); a 3-bedroom is $2,690.
Germantown, 4 miles away, rents for 15% less ($2,026/mo), about $4,200 a year in savings.
From Zillow's monthly rent index (ZORI) for Montgomery Village. 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
Montgomery Village, MD is majority owner-occupied, has a median income above the national average, 42.8% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Montgomery Village, MD has changed in 5 years
Five years ago, renters in Montgomery Village, MD paid around $2,035 a month. That figure now sits near $2,372, up 16.6% from the 2023 baseline. Household income in the area moved from $84,362 to $95,348 across the same window, up 13.0% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show Montgomery Village, MD losing about 379 residents over the five-year window, down 1.1% on net. The renter share has eased from 34.3% to 32.5%, with owner-occupied housing accounting for the remainder. Reading these numbers side by side helps frame whether current listings in Montgomery Village, MD look reasonable against where the market sat half a decade ago.
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Can you afford rent in Montgomery Village on your salary?
At $2,372/mo, how Montgomery Village rent compares to typical pay (30% rule).
Montgomery Village rent by bedroom count
Median rent for each apartment size in Montgomery Village. Click any size for full breakdown.
Tips for renters in Montgomery Village
Last updated: October 17, 2026
The median rent in Montgomery Village is $2,372/mo as of October 2026. A studio apartment averages $1,870/mo while a 2-bedroom runs $2,150/mo. One-bedroom apartments average $1,910/mo and 3-bedroom units go for $2,690/mo.
At 30% of local median household income ($95,348/yr), Montgomery Village ranks as moderate compared to the national benchmark of 30%. Rents have increased 5.8% over the past year.
Frequently asked questions
How much income do you need to rent in Montgomery Village?
Is rent going up or down in Montgomery Village?
How does Montgomery Village rent compare to other cities in Maryland?
Which nearby cities are cheaper to rent in than Montgomery Village?
At $2,372/mo, rent takes ~30% of Montgomery Village's median household income ($95,348/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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