ZIP Code · MD

ZIP 20740

Part of College Park, MD

Pop. 36,847·Prince Georges County·56th most expensive ZIP in Maryland

Median rent (all units)

$2,132/mo

Year-over-Year

+0.9%

Month-over-Month

Stable

vs US Median

+$200

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 20740 · $2,132

More expensive than 68% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$2,090

1 BR

$2,150

2 BR

$2,400

3 BR

$3,030

4 BR+

$3,560

Research median

$2,400/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

January. Asking rents in ZIP 20740 usually run 1.3% below trend in January and 0.6% above it in July, about $41 a month apart at today's median. Based on 8 years of data.

Compared with the peak

Rent in ZIP 20740 is 1.4% below its high of $2,163 in April 2026, at $2,132 as of September 2026.

Past year vs. the rest of Maryland

Rent in ZIP 20740 changed +0.9% over the year to September 2026. Across the 124 Maryland ZIP codes Zillow tracks, the typical change was +2.6%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 20740 rose 23% while median household income rose 12% ($69,017 to $77,317). Rent outpaced income.

Since before the pandemic

Rent in ZIP 20740 is 24.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 2 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($77,317) is $1,933 a month. That is less than HUD's Fair Market Rent for a studio ($2,090).

Cheaper nearby

ZIP 20783, 2 miles away, rents for 17% less ($1,761/mo), about $4,500 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 20740. 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.

Annual cost

$25,584/yr

At $2,132/mo median

Location

CityCollege Park

StateMD

CountyPrince Georges County

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 (+0.9% YoY, +0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 20740 (College Park, MD) is majority renter-occupied, skews toward younger working-age adults, 50.1% of residents hold a bachelor's degree or higher.

Population

36,847

Median income

$77,317

Median age

23.5

Renters

63.3%

Age distribution

13.7%

54%

16.6%

Under 1813.7%

18–3454%

35–5416.6%

55–647.8%

65+7.9%

Gender

51.3%

48.7%

Male51.3%

Female48.7%

Race & ethnicity

34.8%

24.4%

21.9%

14.5%

White34.8%

Black24.4%

Hispanic21.9%

Asian14.5%

Other4.5%

Education (25+)

14.2%

16.6%

19.1%

50.1%

No HS diploma14.2%

HS diploma16.6%

Some college19.1%

Bachelor's+50.1%

Housing tenure

36.7%

63.3%

Owner36.7%

Renter63.3%

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

2021 vs 2026

How ZIP 20740 in College Park, MD has changed in 5 years

Rent

$1,774 → $2,132

up 20.2%

Income

$70,515 → $77,317

up 9.6%

Population

37,168 → 36,847

down 0.9%

Renter share

58% → 63.3%

+5.3 pts

Bachelor's+

49% → 50.1%

+1.1 pts

Median age

24.8 → 23.5

-1.3 yrs

Rent in ZIP 20740 in College Park, MD has increased 20.2% since 2021, going from about $1,774 per month to roughly $2,132 today. Census figures show median household income at $77,317 today, compared with $70,515 five years earlier. Rent outpaced income growth by roughly 10.6 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. About 63.3% of households rent today, against 58% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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About renting in ZIP 20740

Last updated: October 17, 2026

ZIP code 20740 covers College Park, MD. The median rent here is $2,132/mo as of October 2026. A 1-bedroom rents for a median of $2,150/mo. A 2-bedroom rents for a median of $2,400/mo.

At 33% of local median household income ($77,317/yr), ZIP 20740 ranks as moderate compared to the national benchmark of 30%. Rents have increased 0.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 20740?

To keep rent at or below 30% of gross income, you would need to earn at least $85,000/year (about $41/hour full-time) to afford the median rent of $2,132/mo in ZIP 20740. The local median household income is $77,317/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 20740?

Rent in ZIP 20740 has risen 0.9% over the past year as of September 2026. It sits 1.4% below its high of $2,163 in April 2026.

When is the cheapest time to rent in ZIP 20740?

Asking rents in ZIP 20740 are usually lowest in January, about 1.3% below their yearly trend, and highest in July, about 0.6% above it. At today's median that is a gap of roughly $41 a month. This pattern comes from 8 years of Zillow rent data.

Has rent outpaced income in ZIP 20740?

Yes. From 2019 to 2024, rent in ZIP 20740 rose 23% while median household income rose 12%, from $69,017 to $77,317. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 20740 compare to other ZIPs in Maryland?

ZIP 20740 is in the middle among Maryland ZIP codes for rent, ranking #56 of 140 at $2,132/mo. Over the year to September 2026, rent in ZIP 20740 changed +0.9%, against a typical +2.6% across the 124 Maryland ZIP codes Zillow tracks.