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City Report · MD

Takoma Park

Pop. 17,632·81st most expensive in Maryland·Takoma Park rents are up 7.1% over the past year
Median rent (all units)
$1,623/mo
Year-over-Year
+7.1%
Month-over-Month
+0.4%
vs US Median
-$342
Stable (Monthly)
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Most AffordableMost Expensive
Takoma Park · $1,623
More affordable than 68% of US cities · National median $1,965/mo
Rent Reality Score
49/100
Fairly priced
OverheatedFairGreat value

Rents are right about where Takoma Park's 10-year trend predicts.

Actual rent
$1,623/mo
Expected by trend
$1,611/mo
The Rent Reality Score compares today's median rent to where Takoma Park's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,311
1 BR
$1,343
2 BR
$1,511
3 BR
$1,886
4 BR+
$2,230
Research median
$1,511/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
$19,476/yr
At $1,623/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 7.1% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+7.1% YoY, +0.4% MoM), not inventory.
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Demographics

Who lives here

Takoma Park, MD is roughly split between renters and owners, has a large share of families with children, has a median income above the national average, 61.7% of residents hold a bachelor's degree or higher.

Population
17,632
Median income
$108,136
Median age
41.3
Renters
45.8%
Age distribution
27.1%
12.8%
33.2%
14.9%
Under 1827.1%
18–3412.8%
35–5433.2%
55–6411.9%
65+14.9%
Gender
47.1%
52.9%
Male47.1%
Female52.9%
Race & ethnicity
46.2%
29.7%
14.1%
White46.2%
Black29.7%
Hispanic14.1%
Asian4.8%
Other5.3%
Education (25+)
15.1%
16%
61.7%
No HS diploma7.1%
HS diploma15.1%
Some college16%
Bachelor's+61.7%
Housing tenure
54.2%
45.8%
Owner54.2%
Renter45.8%

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

2021 vs 2026

How Takoma Park, MD has changed in 5 years

Rent
$1,299 → $1,623
up 24.9%
Income
$86,644 → $108,136
up 24.8%
Population
17,610 → 17,632
up 0.1%
Renter share
49.8% → 45.8%
-4.0 pts
Bachelor's+
58.7% → 61.7%
+3.0 pts
Median age
40.1 → 41.3
+1.2 yrs

Compared with 2021, rent in Takoma Park, MD has increased by $324 per month, settling near $1,623 after starting the period at $1,299. Median household income grew from $86,644 to $108,136 between 2021 and 2024, a 24.8% shift. About 45.8% of households rent today, against 49.8% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 58.7% to 61.7%. Taken together, the five-year picture in Takoma Park, MD reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

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View Takoma Park rent history (2015–2026) →
Salary vs rent

Can you afford rent in Takoma Park on your salary?

At $1,623/mo, how Takoma Park rent compares to typical pay (30% rule).

By apartment size

Takoma Park rent by bedroom count

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

Local insights

Tips for renters in Takoma Park

About renting in Takoma Park, MD

Last updated: July 20, 2026

The median rent in Takoma Park is $1,623/mo as of July 2026. A studio apartment averages $1,311/mo while a 2-bedroom runs $1,511/mo. One-bedroom apartments average $1,343/mo and 3-bedroom units go for $1,886/mo.

At 18% of local median household income ($108,136/yr), Takoma Park ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.1% over the past year.

FAQ

Frequently asked questions

Is Takoma Park an affordable city for renters?

Takoma Park is considered very affordable for renters. At $1,623/mo, rent takes approximately 18% of the local median household income ($108,136/yr). The standard benchmark is 30%. Takoma Park falls comfortably within that range.

How much income do you need to rent in Takoma Park?

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 $1,623/mo in Takoma Park. The local median household income is $108,136/yr, meaning the typical Takoma Park household meets that threshold.

Is rent going up or down in Takoma Park?

Rent in Takoma Park has increased 7.1% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Takoma Park rent compare to other cities in Maryland?

Takoma Park is one of the more affordable cities in Maryland for rent, ranking #81 out of 95 tracked cities at $1,623/mo.

What percentage of Takoma Park residents rent vs. own?

According to Census data, approximately 45.8% of Takoma Park households are renters, while 54.2% are owner-occupied. Takoma Park leans toward homeownership, which can mean a smaller rental inventory.

How does Takoma Park rent compare to the national average?

Takoma Park's median rent of $1,623/mo is $342 (17%) below the US national median of $1,965/mo. Within Maryland, it ranks #81 out of 95 tracked cities.
Income Affordability
18%
VERY AFFORDABLE

At $1,623/mo, rent takes ~18% of Takoma Park's median household income ($108,136/yr). The standard benchmark is 30%.

Takoma Park 18%Benchmark 30%
State income tax2–5.75%
Run the Takoma Park affordability calculator →
Lowest-rent ZIP codes in Takoma Park
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Takoma Park, MD

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