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City Report · MD

Parkville

Pop. 30,549·80th most expensive in Maryland·Parkville rents are up 5.4% over the past year
Median rent (all units)
$1,624/mo
Year-over-Year
+5.4%
Month-over-Month
-3.1%
vs US Median
-$341
Falling (Monthly)
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Most AffordableMost Expensive
Parkville · $1,624
More affordable than 68% of US cities · National median $1,965/mo
Rent Reality Score
58/100
Fairly priced
OverheatedFairGreat value

Rents are 4% below what Parkville's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,624/mo
Expected by trend
$1,688/mo
The Rent Reality Score compares today's median rent to where Parkville's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,340
1 BR
$1,530
2 BR
$1,870
3 BR
$2,410
4 BR+
$2,690
Research median
$1,870/mo

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

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$19,488/yr
At $1,624/mo median
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+5.4% YoY, -3.1% MoM), not inventory.
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Demographics

Who lives here

Parkville, MD is majority owner-occupied, 33.2% of residents hold a bachelor's degree or higher.

Population
30,549
Median income
$79,178
Median age
38.5
Renters
37.5%
Age distribution
22.4%
22.2%
28.7%
15.3%
Under 1822.4%
18–3422.2%
35–5428.7%
55–6411.5%
65+15.3%
Gender
46.8%
53.2%
Male46.8%
Female53.2%
Race & ethnicity
49.6%
36.9%
White49.6%
Black36.9%
Hispanic6.4%
Asian4.6%
Other2.6%
Education (25+)
27.1%
33.8%
33.2%
No HS diploma5.9%
HS diploma27.1%
Some college33.8%
Bachelor's+33.2%
Housing tenure
62.5%
37.5%
Owner62.5%
Renter37.5%

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

2021 vs 2026

How Parkville, MD has changed in 5 years

Rent
$1,240 → $1,624
up 31.0%
Income
$72,523 → $79,178
up 9.2%
Population
30,783 → 30,549
down 0.8%
Renter share
36.8% → 37.5%
+0.7 pts
Bachelor's+
30% → 33.2%
+3.2 pts
Median age
37.7 → 38.5
+0.8 yrs

Across the past five years, the going rent in Parkville, MD has shifted from $1,240 to $1,624, up 31.0% since 2021. Census figures show median household income at $79,178 today, compared with $72,523 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Bachelor's-degree-or-higher attainment moved from 30% to 33.2% across the same window. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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View Parkville rent history (2015–2026) →
Salary vs rent

Can you afford rent in Parkville on your salary?

At $1,624/mo, how Parkville rent compares to typical pay (30% rule).

By apartment size

Parkville rent by bedroom count

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

Local insights

Tips for renters in Parkville

About renting in Parkville, MD

Last updated: July 20, 2026

The median rent in Parkville is $1,624/mo as of July 2026. A studio apartment averages $1,340/mo while a 2-bedroom runs $1,870/mo. One-bedroom apartments average $1,530/mo and 3-bedroom units go for $2,410/mo.

At 25% of local median household income ($79,178/yr), Parkville ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.4% over the past year.

FAQ

Frequently asked questions

Is Parkville an affordable city for renters?

Parkville is considered affordable for renters. At $1,624/mo, rent takes approximately 25% of the local median household income ($79,178/yr). The standard benchmark is 30%. Parkville falls comfortably within that range.

How much income do you need to rent in Parkville?

To keep rent at or below 30% of gross income, you would need to earn at least $65,000/year (~$31/hour full-time) to afford the median rent of $1,624/mo in Parkville. The local median household income is $79,178/yr, meaning the typical Parkville household meets that threshold.

Is rent going up or down in Parkville?

Rent in Parkville has increased 5.4% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Parkville rent compare to other cities in Maryland?

Parkville is one of the more affordable cities in Maryland for rent, ranking #80 out of 95 tracked cities at $1,624/mo.

Which nearby cities are cheaper to rent in than Parkville?

Carney is nearby and more affordable at $1,478/mo, which is $146 less than Parkville.

What percentage of Parkville residents rent vs. own?

According to Census data, approximately 37.5% of Parkville households are renters, while 62.5% are owner-occupied. Parkville leans toward homeownership, which can mean a smaller rental inventory.

How does Parkville rent compare to the national average?

Parkville's median rent of $1,624/mo is $341 (17%) below the US national median of $1,965/mo. Within Maryland, it ranks #80 out of 95 tracked cities.
Income Affordability
25%
AFFORDABLE

At $1,624/mo, rent takes ~25% of Parkville's median household income ($79,178/yr). The standard benchmark is 30%.

Parkville 25%Benchmark 30%
State income tax2–5.75%
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Parkville, MD

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