Rents are 6% below what Owings Mills'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 $1,904 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
January. Asking rents in Owings Mills usually run 0.6% below trend in January and 0.9% above it in September, about $29 a month apart at today's median. Based on 10 years of data.
Rent in Owings Mills is at its highest level since Zillow's records here began in May 2016.
Rent in Owings Mills changed +3.4% 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 Owings Mills rose 27.7% while median household income rose 18% ($81,569 to $96,243). Rent outpaced income.
Rent in Owings Mills is 33.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 4 months in a row, and rose in 10 of the last 12 months.
30% of the median household income ($96,243) is $2,406 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,250); a 3-bedroom is $2,900.
Reisterstown, 4 miles away, rents for 23% less ($1,473/mo), about $5,200 a year in savings.
From Zillow's monthly rent index (ZORI) for Owings Mills. 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
Owings Mills, MD is roughly split between renters and owners, has a median income above the national average, 47.1% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Owings Mills, MD has changed in 5 years
Rent in Owings Mills, MD has climbed 22.3% since 2021, going from about $1,557 per month to roughly $1,904 today. Local incomes tracked alongside that move, going from a median of $87,376 in 2021 to $96,243 more recently. Rent outpaced income growth by roughly 12.2 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 35,170 to 37,245 between 2021 and 2024, a 5.9% change. About 54.7% of households rent today, against 51% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Owings Mills, MD market of 2021.
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At $1,904/mo, how Owings Mills rent compares to typical pay (30% rule).
Owings Mills rent by bedroom count
Median rent for each apartment size in Owings Mills. Click any size for full breakdown.
Tips for renters in Owings Mills
Last updated: October 17, 2026
The median rent in Owings Mills is $1,904/mo as of October 2026. A studio apartment averages $1,610/mo while a 2-bedroom runs $2,250/mo. One-bedroom apartments average $1,840/mo and 3-bedroom units go for $2,900/mo.
At 24% of local median household income ($96,243/yr), Owings Mills ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.4% over the past year.
Frequently asked questions
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At $1,904/mo, rent takes ~24% of Owings Mills's median household income ($96,243/yr). The standard benchmark is 30%.
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