ZIP Code · MD

ZIP 20815

Part of Chevy Chase, MD

Pop. 30,505·Montgomery County·11th most expensive ZIP in Maryland

Median rent (all units)

$2,801/mo

Year-over-Year

+1.5%

Month-over-Month

+0.1%

vs US Median

+$869

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 20815 · $2,801

More expensive than 87% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$2,330

1 BR

$2,400

2 BR

$2,680

3 BR

$3,380

4 BR+

$3,980

Research median

$2,680/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

March. Asking rents in ZIP 20815 usually run 1.6% below trend in March and 2% above it in August, about $101 a month apart at today's median. Based on 7 years of data.

Compared with the peak

Rent in ZIP 20815 is 0.4% below its high of $2,811 in July 2025, at $2,801 as of September 2026.

Past year vs. the rest of Maryland

Rent in ZIP 20815 changed +1.5% over the year to September 2026. Across the 124 Maryland ZIP codes Zillow tracks, the typical change was +2.6%.

Since before the pandemic

Rent in ZIP 20815 is 19.9% 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 9 of the last 12 months.

What a typical income covers

30% of the median household income ($194,971) is $4,874 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($3,980).

Cheaper nearby

ZIP 20012, 3 miles away, rents for 22% less ($2,177/mo), about $7,500 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 20815. 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

$33,612/yr

At $2,801/mo median

Location

CityChevy Chase

StateMD

CountyMontgomery 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 (+1.5% YoY, +0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 20815 (Chevy Chase, MD) is majority owner-occupied, has a large retiree population, has a median income above the national average, 84.7% of residents hold a bachelor's degree or higher.

Population

30,505

Median income

$194,971

Median age

46.2

Renters

33.7%

Age distribution

21.8%

14.6%

25.1%

13.5%

25%

Under 1821.8%

18–3414.6%

35–5425.1%

55–6413.5%

65+25%

Gender

46.7%

53.3%

Male46.7%

Female53.3%

Race & ethnicity

71.4%

White71.4%

Black7.3%

Hispanic9%

Asian8.6%

Other3.8%

Education (25+)

84.7%

No HS diploma3.2%

HS diploma4.3%

Some college7.8%

Bachelor's+84.7%

Housing tenure

66.3%

33.7%

Owner66.3%

Renter33.7%

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

2021 vs 2026

How ZIP 20815 in Chevy Chase, MD has changed in 5 years

Rent

$2,155 → $2,801

up 30.0%

Income

$175,053 → $194,971

up 11.4%

Population

31,235 → 30,505

down 2.3%

Renter share

35.4% → 33.7%

-1.7 pts

Bachelor's+

87% → 84.7%

-2.3 pts

Median age

46.8 → 46.2

-0.6 yrs

Compared with 2021, rent in ZIP 20815 in Chevy Chase, MD has climbed by $646 per month, settling near $2,801 after starting the period at $2,155. Household income in the area moved from $175,053 to $194,971 across the same window, up 11.4% versus 2021. Rent outpaced income growth by roughly 18.6 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 31,235 to 30,505 between 2021 and 2024, a 2.3% change. About 33.7% of households rent today, against 35.4% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 87% to 84.7%. Reading these numbers side by side helps frame whether current listings in ZIP 20815 in Chevy Chase, MD look reasonable against where the market sat half a decade ago.

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About renting in ZIP 20815

Last updated: October 17, 2026

ZIP code 20815 covers Chevy Chase, MD. The median rent here is $2,801/mo as of October 2026. A 1-bedroom rents for a median of $2,400/mo. A 2-bedroom rents for a median of $2,680/mo.

At 17% of local median household income ($194,971/yr), ZIP 20815 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 20815?

To keep rent at or below 30% of gross income, you would need to earn at least $112,000/year (about $54/hour full-time) to afford the median rent of $2,801/mo in ZIP 20815. The local median household income is $194,971/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 20815?

Rent in ZIP 20815 has risen 1.5% over the past year as of September 2026. It sits 0.4% below its high of $2,811 in July 2025.

When is the cheapest time to rent in ZIP 20815?

Asking rents in ZIP 20815 are usually lowest in March, about 1.6% below their yearly trend, and highest in August, about 2% above it. At today's median that is a gap of roughly $101 a month. This pattern comes from 7 years of Zillow rent data.

How does ZIP 20815 compare to other ZIPs in Maryland?

ZIP 20815 is one of the pricier among Maryland ZIP codes for rent, ranking #11 of 140 at $2,801/mo. Over the year to September 2026, rent in ZIP 20815 changed +1.5%, against a typical +2.6% across the 124 Maryland ZIP codes Zillow tracks.