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City Report · MD

Owings Mills

Pop. 37,245·56th most expensive in Maryland·Owings Mills rents are up 6.0% over the past year
Median rent (all units)
$1,893/mo
Year-over-Year
+6.0%
Month-over-Month
+1.2%
vs US Median
-$69
Rising (Monthly)
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Most AffordableMost Expensive
Owings Mills · $1,893
More expensive than 52% of US cities · National median $1,962/mo
Rent Reality Score
56/100
Fairly priced
OverheatedFairGreat value

Rents are 3% below what Owings Mills's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,893/mo
Expected by trend
$1,949/mo
The Rent Reality Score compares today's median rent to where Owings Mills's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,610
1 BR
$1,840
2 BR
$2,250
3 BR
$2,900
4 BR+
$3,240
Fair Market Rent (HUD)
$2,250/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,893 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 →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$22,716/yr
At $1,893/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 6.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+6.0% YoY, +1.2% MoM), not inventory.
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Demographics

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.

Population
37,245
Median income
$96,243
Median age
33.4
Renters
54.7%
Age distribution
24.9%
28.3%
26.6%
Under 1824.9%
18–3428.3%
35–5426.6%
55–6410.7%
65+9.4%
Gender
42.3%
57.7%
Male42.3%
Female57.7%
Race & ethnicity
21.3%
62.5%
12.7%
White21.3%
Black62.5%
Hispanic12.7%
Asian4.1%
Education (25+)
17.5%
30.4%
47.1%
No HS diploma5%
HS diploma17.5%
Some college30.4%
Bachelor's+47.1%
Housing tenure
45.3%
54.7%
Owner45.3%
Renter54.7%

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

2021 vs 2026

How Owings Mills, MD has changed in 5 years

Rent
$1,502 → $1,893
up 26.0%
Income
$87,376 → $96,243
up 10.1%
Population
35,170 → 37,245
up 5.9%
Renter share
51% → 54.7%
+3.7 pts
Bachelor's+
47.6% → 47.1%
-0.5 pts
Median age
34 → 33.4
-0.6 yrs

Rent in Owings Mills, MD has climbed 26.0% since 2021, going from about $1,502 per month to roughly $1,893 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 15.9 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.

Community

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View Owings Mills rent history (2015–2026) →
Salary vs rent

Can you afford rent in Owings Mills on your salary?

At $1,893/mo, how Owings Mills rent compares to typical pay (30% rule).

By apartment size

Owings Mills rent by bedroom count

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

Local insights

Tips for renters in Owings Mills

About renting in Owings Mills, MD

Last updated: August 17, 2026

The median rent in Owings Mills is $1,893/mo as of August 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 6.0% over the past year.

FAQ

Frequently asked questions

Is Owings Mills an affordable city for renters?

Owings Mills is considered very affordable for renters. At $1,893/mo, rent takes approximately 24% of the local median household income ($96,243/yr). The standard benchmark is 30%. Owings Mills falls comfortably within that range.

How much income do you need to rent in Owings Mills?

To keep rent at or below 30% of gross income, you would need to earn at least $76,000/year (~$37/hour full-time) to afford the median rent of $1,893/mo in Owings Mills. The local median household income is $96,243/yr, meaning the typical Owings Mills household meets that threshold.

Is rent going up or down in Owings Mills?

Rent in Owings Mills has increased 6.0% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Owings Mills rent compare to other cities in Maryland?

Owings Mills is middle-of-the-pack for Maryland for rent, ranking #56 out of 94 tracked cities at $1,893/mo.

Which nearby cities are cheaper to rent in than Owings Mills?

Several nearby cities have lower median rents than Owings Mills ($1,893/mo): Lochearn ($1,418/mo), Reisterstown ($1,474/mo), Randallstown ($1,478/mo).

What percentage of Owings Mills residents rent vs. own?

According to Census data, approximately 54.7% of Owings Mills households are renters, while 45.3% are owner-occupied. With a majority renter population, Owings Mills has a strong rental market.

How does Owings Mills rent compare to the national average?

Owings Mills's median rent of $1,893/mo is $69 (4%) below the US national median of $1,962/mo. Within Maryland, it ranks #56 out of 94 tracked cities.
Income Affordability
24%
VERY AFFORDABLE

At $1,893/mo, rent takes ~24% of Owings Mills's median household income ($96,243/yr). The standard benchmark is 30%.

Owings Mills 24%Benchmark 30%
State income tax2–5.75%
Run the Owings Mills affordability calculator →
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Neighborhoods

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Schools nearby

Public schools near Owings Mills, MD

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