ZIP Code · MD

ZIP 20906

Part of Silver Spring, MD

Pop. 70,595·Montgomery County·69th most expensive ZIP in Maryland

Median rent (all units)

$1,979/mo

Year-over-Year

+2.2%

Month-over-Month

+0.8%

vs US Median

+$47

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 20906 · $1,979

More expensive than 60% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,900

1 BR

$1,960

2 BR

$2,190

3 BR

$2,760

4 BR+

$3,250

Research median

$2,190/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

February. Asking rents in ZIP 20906 usually run 0.7% below trend in February and 0.8% above it in September, about $30 a month apart at today's median. Based on 8 years of data.

Compared with the peak

Rent in ZIP 20906 is 0.9% below its high of $1,997 in January 2024, at $1,979 as of September 2026.

Past year vs. the rest of Maryland

Rent in ZIP 20906 changed +2.2% 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 20906 is 27.3% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 3 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($97,521) is $2,438 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,190); a 3-bedroom is $2,760.

Rank in Silver Spring

4th cheapest of 6 ZIP codes in Silver Spring.

Cheaper nearby

ZIP 20912, 8 miles away, rents for 19% less ($1,601/mo), about $4,500 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 20906. 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

$23,748/yr

At $1,979/mo median

Location

CitySilver Spring

StateMD

CountyMontgomery County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.2% YoY, +0.8% MoM), not inventory.

Demographics

Who lives here

ZIP 20906 (Silver Spring, MD) is majority owner-occupied, has a large retiree population, has a median income above the national average, 42.5% of residents hold a bachelor's degree or higher.

Population

70,595

Median income

$97,521

Median age

41.2

Renters

33.6%

Age distribution

22.2%

18.5%

25%

12.5%

21.9%

Under 1822.2%

18–3418.5%

35–5425%

55–6412.5%

65+21.9%

Gender

47.8%

52.2%

Male47.8%

Female52.2%

Race & ethnicity

26.9%

25.2%

31.9%

12.4%

White26.9%

Black25.2%

Hispanic31.9%

Asian12.4%

Other3.6%

Education (25+)

13.4%

23.2%

20.8%

42.5%

No HS diploma13.4%

HS diploma23.2%

Some college20.8%

Bachelor's+42.5%

Housing tenure

66.4%

33.6%

Owner66.4%

Renter33.6%

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

2021 vs 2026

How ZIP 20906 in Silver Spring, MD has changed in 5 years

Rent

$1,588 → $1,979

up 24.6%

Income

$84,909 → $97,521

up 14.9%

Population

70,985 → 70,595

down 0.5%

Renter share

34.3% → 33.6%

-0.7 pts

Bachelor's+

38.9% → 42.5%

+3.6 pts

Median age

39.8 → 41.2

+1.4 yrs

Compared with 2021, rent in ZIP 20906 in Silver Spring, MD has climbed by $391 per month, settling near $1,979 after starting the period at $1,588. Household income in the area moved from $84,909 to $97,521 across the same window, up 14.9% versus 2021. Rent outpaced income growth by roughly 9.7 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 38.9% to 42.5%. Reading these numbers side by side helps frame whether current listings in ZIP 20906 in Silver Spring, MD look reasonable against where the market sat half a decade ago.

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About renting in ZIP 20906

Last updated: October 17, 2026

ZIP code 20906 covers Silver Spring, MD. The median rent here is $1,979/mo as of October 2026. A 1-bedroom rents for a median of $1,960/mo. A 2-bedroom rents for a median of $2,190/mo.

At 24% of local median household income ($97,521/yr), ZIP 20906 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 20906?

To keep rent at or below 30% of gross income, you would need to earn at least $79,000/year (about $38/hour full-time) to afford the median rent of $1,979/mo in ZIP 20906. The local median household income is $97,521/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 20906?

Rent in ZIP 20906 has risen 2.2% over the past year as of September 2026. It sits 0.9% below its high of $1,997 in January 2024.

When is the cheapest time to rent in ZIP 20906?

Asking rents in ZIP 20906 are usually lowest in February, about 0.7% below their yearly trend, and highest in September, about 0.8% above it. At today's median that is a gap of roughly $30 a month. This pattern comes from 8 years of Zillow rent data.

How does ZIP 20906 compare to other ZIPs in Maryland?

ZIP 20906 is in the middle among Maryland ZIP codes for rent, ranking #69 of 140 at $1,979/mo. Over the year to September 2026, rent in ZIP 20906 changed +2.2%, against a typical +2.6% across the 124 Maryland ZIP codes Zillow tracks.