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ZIP Code · MD

ZIP 20740

Pop. 36,847·Prince Georges County·57th most expensive ZIP in Maryland
Median rent (all units)
$2,127/mo
Year-over-Year
-6.1%
Month-over-Month
-5.3%
vs US Median
+$162
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 20740 · $2,127
More expensive than 67% of US ZIP codes · National median $1,965/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: July 20, 2026

Annual cost
$25,524/yr
At $2,127/mo median
Location
StateMD
CountyPrince Georges County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 6.1% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-6.1% YoY, -5.3% 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 → $2,127
up 8.0%
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 8.0% since 2021, going from about $1,969 per month to roughly $2,127 today. Census figures show median household income at $77,317 today, compared with $70,515 five years earlier. 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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Local insights

Tips for renters in ZIP 20740

About renting in ZIP 20740

Last updated: July 20, 2026

ZIP code 20740 covers College Park, MD. The median rent here is $2,127/mo as of July 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 decreased 6.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 20740?

As of July 20, 2026, the median monthly rent in ZIP 20740 (College Park, MD) is $2,127. 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 $2,127/mo is $162 (8%) above the US national median of $1,965/mo.

How does ZIP 20740 compare to other ZIPs in Maryland?

ZIP 20740 falls in the middle range for Maryland, ranking #57 out of 140 ZIPs at $2,127/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 $85,000/year (~$41/hour full-time) to afford the median rent of $2,127/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 6.1% over the past year as of July 20, 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 $2,127/mo, rent takes approximately 33% 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 pricier than College Park as a whole. At $2,127/mo, it's $2 above the College Park citywide median of $2,125/mo.

When was rent data for ZIP 20740 last updated?

Rent data for ZIP 20740 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
33%
MODERATE

At $2,127/mo, rent takes ~33% of ZIP 20740's median household income ($77,317/yr). The standard benchmark is 30%.

ZIP 20740 33%Benchmark 30%
State income tax2–5.75%
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