City Report · MD

Silver Spring

Pop. 81,462·50th most expensive in Maryland·Rental market data updated monthly for Silver Spring, MD
Median rent (all units)
$1,966/mo
Year-over-Year
+0.3%
Month-over-Month
Stable
vs US Median
+$1
Stable (Monthly)
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Most AffordableMost Expensive
Silver Spring · $1,966
More expensive than 57% of US cities · National median $1,965/mo
Rent Reality Score
58/100
Fairly priced
OverheatedFairGreat value

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

Actual rent
$1,966/mo
Expected by trend
$2,045/mo
The Rent Reality Score compares today's median rent to where Silver Spring's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,590
1 BR
$1,624
2 BR
$1,829
3 BR
$2,288
4 BR+
$2,698
Research median
$1,829/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
$23,592/yr
At $1,966/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 (+0.3% YoY, +0.1% MoM), not inventory.
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Demographics

Who lives here

Silver Spring, MD is majority renter-occupied, has a median income above the national average, 60.6% of residents hold a bachelor's degree or higher.

Population
81,462
Median income
$99,860
Median age
35.6
Renters
61.7%
Age distribution
22.2%
26.7%
28.6%
12.1%
Under 1822.2%
18–3426.7%
35–5428.6%
55–6410.4%
65+12.1%
Gender
49.2%
50.8%
Male49.2%
Female50.8%
Race & ethnicity
34.5%
28.8%
24.5%
White34.5%
Black28.8%
Hispanic24.5%
Asian8.6%
Other3.7%
Education (25+)
12.4%
13.3%
13.6%
60.6%
No HS diploma12.4%
HS diploma13.3%
Some college13.6%
Bachelor's+60.6%
Housing tenure
38.3%
61.7%
Owner38.3%
Renter61.7%

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

2021 vs 2026

How Silver Spring, MD has changed in 5 years

Rent
$1,631 → $1,966
up 20.5%
Income
$91,970 → $99,860
up 8.6%
Population
82,472 → 81,462
down 1.2%
Renter share
62% → 61.7%
-0.3 pts
Bachelor's+
58.6% → 60.6%
+2.0 pts
Median age
34.5 → 35.6
+1.1 yrs

The median rent in Silver Spring, MD stood at $1,631 in 2021 and currently runs about $1,966, reflecting a 20.5% increase over the period. Local incomes tracked alongside that move, going from a median of $91,970 in 2021 to $99,860 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 1.2% since 2021, moving from about 82,472 residents to roughly 81,462. College-educated residents now make up 60.6% of adults here, versus 58.6% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Silver Spring, MD market of 2021.

Community

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View Silver Spring rent history (2015–2026) →
Salary vs rent

Can you afford rent in Silver Spring on your salary?

At $1,966/mo, how Silver Spring rent compares to typical pay (30% rule).

By apartment size

Silver Spring rent by bedroom count

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

Local insights

Tips for renters in Silver Spring

About renting in Silver Spring, MD

Last updated: July 20, 2026

The median rent in Silver Spring is $1,966/mo as of July 2026. A studio apartment averages $1,590/mo while a 2-bedroom runs $1,829/mo. One-bedroom apartments average $1,624/mo and 3-bedroom units go for $2,288/mo.

At 24% of local median household income ($99,860/yr), Silver Spring ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.3% over the past year.

FAQ

Frequently asked questions

Is Silver Spring an affordable city for renters?

Silver Spring is considered very affordable for renters. At $1,966/mo, rent takes approximately 24% of the local median household income ($99,860/yr). The standard benchmark is 30%. Silver Spring falls comfortably within that range.

How much income do you need to rent in Silver Spring?

To keep rent at or below 30% of gross income, you would need to earn at least $79,000/year (~$38/hour full-time) to afford the median rent of $1,966/mo in Silver Spring. The local median household income is $99,860/yr, meaning the typical Silver Spring household meets that threshold.

Is rent going up or down in Silver Spring?

Rent in Silver Spring has been relatively stable over the past year, with a 0.3% change year over year as of July 2026.

Which Silver Spring neighborhoods have the lowest rent?

The most affordable ZIP codes in Silver Spring are 20901 ($1,659/mo), 20903 ($1,831/mo), and 20906 ($1,895/mo). Citywide, the median rent in Silver Spring is $1,966/mo.

How does Silver Spring rent compare to other cities in Maryland?

Silver Spring is middle-of-the-pack for Maryland for rent, ranking #50 out of 95 tracked cities at $1,966/mo.

Which nearby cities are cheaper to rent in than Silver Spring?

Several nearby cities have lower median rents than Silver Spring ($1,966/mo): Takoma Park ($1,623/mo), Chillum ($1,644/mo).

What percentage of Silver Spring residents rent vs. own?

According to Census data, approximately 61.7% of Silver Spring households are renters, while 38.3% are owner-occupied. With a majority renter population, Silver Spring has a strong rental market.

How does Silver Spring rent compare to the national average?

Silver Spring's median rent of $1,966/mo is $1 (0%) above the US national median of $1,965/mo. Within Maryland, it ranks #50 out of 95 tracked cities.
Income Affordability
24%
VERY AFFORDABLE

At $1,966/mo, rent takes ~24% of Silver Spring's median household income ($99,860/yr). The standard benchmark is 30%.

Silver Spring 24%Benchmark 30%
State income tax2–5.75%
Run the Silver Spring affordability calculator →
Lowest-rent ZIP codes in Silver Spring
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Silver Spring, MD

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