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ZIP Code · MD

ZIP 20740

Pop. 36,847·Prince Georges County·66th most expensive ZIP in Maryland
Median rent (all units)
$2,002/mo
Year-over-Year
-11.8%
Month-over-Month
-5.9%
vs US Median
+$40
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 20740 · $2,002
More expensive than 61% of US ZIP codes · National median $1,962/mo
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Medians by bedroom

Rent by unit size

Studio
$1,614
1 BR
$1,660
2 BR
$1,853
3 BR
$2,340
4 BR+
$2,749
Research median
$1,853/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: August 17, 2026

Annual cost
$24,024/yr
At $2,002/mo median
Location
StateMD
CountyPrince Georges County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 11.8% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-11.8% YoY, -5.9% 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
$1,969 → $2,002
up 1.7%
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 1.7% since 2021, going from about $1,969 per month to roughly $2,002 today. Census figures show median household income at $77,317 today, compared with $70,515 five years earlier. Income growth outran rent by about 7.9 percentage points, easing the affordability math somewhat compared with 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.

Community

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Local insights

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About renting in ZIP 20740

Last updated: August 17, 2026

ZIP code 20740 covers College Park, MD. The median rent here is $2,002/mo as of August 2026. A 1-bedroom rents for a median of $1,660/mo. A 2-bedroom rents for a median of $1,853/mo.

At 31% of local median household income ($77,317/yr), ZIP 20740 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 11.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 20740?

As of August 17, 2026, the median monthly rent in ZIP 20740 (College Park, MD) is $2,002. This is based on aggregated data from public sources and community submissions.

How does ZIP 20740 rent compare to the US average?

ZIP 20740's median rent of $2,002/mo is $40 (2%) above the US national median of $1,962/mo.

How does ZIP 20740 compare to other ZIPs in Maryland?

ZIP 20740 falls in the middle range for Maryland, ranking #66 out of 139 ZIPs at $2,002/mo.

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 $80,000/year (~$38/hour full-time) to afford the median rent of $2,002/mo in ZIP 20740. The local median household income is $77,317/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 20740?

Rent in ZIP 20740 has decreased 11.8% over the past year as of August 17, 2026, offering some relief compared to 12 months ago.

Is ZIP 20740 an affordable place to rent?

ZIP 20740 is considered moderate for renters. At $2,002/mo, rent takes approximately 31% of the local median household income ($77,317/yr). The standard benchmark is 30%. ZIP 20740 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 20740 residents rent vs. own?

According to Census data, approximately 63.3% of ZIP 20740 households are renters, while 36.7% are owner-occupied. With a majority renter population, ZIP 20740 has a strong rental market.

How does ZIP 20740 compare to the rest of College Park?

ZIP 20740 is more affordable than College Park overall. At $2,002/mo, it's $14 below the College Park citywide median of $2,016/mo.

When was rent data for ZIP 20740 last updated?

Rent data for ZIP 20740 reflects August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
31%
MODERATE

At $2,002/mo, rent takes ~31% of ZIP 20740's median household income ($77,317/yr). The standard benchmark is 30%.

ZIP 20740 31%Benchmark 30%
State income tax2–5.75%
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