ZIP Code · MD

ZIP 21201

Pop. 18,307·Baltimore City·131st most expensive ZIP in Maryland
Median rent (all units)
$1,474/mo
Year-over-Year
-0.7%
Month-over-Month
-0.5%
vs US Median
-$458
Reported rents
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 21201 · $1,474
More affordable than 75% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,430
1 BR
$1,590
2 BR
$1,950
3 BR
$2,480
4 BR+
$2,740
Research median
$1,950/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 21201 usually run 1.3% below trend in January and 1% above it in July, about $34 a month apart at today's median. Based on 9 years of data.

Compared with the peak

Rent in ZIP 21201 is 0.7% below its high of $1,484 in September 2025, at $1,474 as of September 2026.

Past year vs. the rest of Maryland

Rent in ZIP 21201 changed -0.7% 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 21201 rose 16.6% while median household income rose 21.1% ($37,687 to $45,640). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 21201 is 17.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($45,640) is $1,141 a month. That is less than HUD's Fair Market Rent for a studio ($1,430).

Rank in Baltimore

4th cheapest of 20 ZIP codes in Baltimore.

Cheaper nearby

ZIP 21215, 5 miles away, rents for 11% less ($1,312/mo), about $1,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 21201. 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
$17,688/yr
At $1,474/mo median
Location
StateMD
CountyBaltimore City
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 (-0.7% YoY, -0.5% MoM), not inventory.
Demographics

Who lives here

ZIP 21201 (Baltimore, MD) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 45.8% of residents hold a bachelor's degree or higher.

Population
18,307
Median income
$45,640
Median age
33.6
Renters
89%
Age distribution
13.5%
39.4%
22.5%
12.9%
Under 1813.5%
18–3439.4%
35–5422.5%
55–6412.9%
65+11.7%
Gender
47.1%
52.9%
Male47.1%
Female52.9%
Race & ethnicity
24%
60.2%
White24%
Black60.2%
Hispanic5.9%
Asian5.7%
Other4.2%
Education (25+)
21.7%
24.5%
45.8%
No HS diploma8.1%
HS diploma21.7%
Some college24.5%
Bachelor's+45.8%
Housing tenure
89%
Owner11%
Renter89%

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

2021 vs 2026

How ZIP 21201 in Baltimore, MD has changed in 5 years

Rent
$1,246 → $1,474
up 18.3%
Income
$40,932 → $45,640
up 11.5%
Population
17,773 → 18,307
up 3.0%
Renter share
88.3% → 89%
+0.7 pts
Bachelor's+
48.2% → 45.8%
-2.4 pts
Median age
31.7 → 33.6
+1.9 yrs

Compared with 2021, rent in ZIP 21201 in Baltimore, MD has climbed by $228 per month, settling near $1,474 after starting the period at $1,246. Median household income grew from $40,932 to $45,640 between 2021 and 2024, a 11.5% shift. Rent outpaced income growth by roughly 6.8 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 17,773 to 18,307 between 2021 and 2024, a 3.0% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 48.2% to 45.8%. Taken together, the five-year picture in ZIP 21201 in Baltimore, MD reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 21201

Last updated: October 17, 2026

ZIP code 21201 covers Baltimore, MD. The median rent here is $1,474/mo as of October 2026. A 1-bedroom rents for a median of $1,590/mo. A 2-bedroom rents for a median of $1,950/mo.

At 39% of local median household income ($45,640/yr), ZIP 21201 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 0.7% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 21201?

To keep rent at or below 30% of gross income, you would need to earn at least $59,000/year (about $28/hour full-time) to afford the median rent of $1,474/mo in ZIP 21201. The local median household income is $45,640/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 21201?

Rent in ZIP 21201 has fallen 0.7% over the past year as of September 2026. It sits 0.7% below its high of $1,484 in September 2025.

When is the cheapest time to rent in ZIP 21201?

Asking rents in ZIP 21201 are usually lowest in January, about 1.3% below their yearly trend, and highest in July, about 1% above it. At today's median that is a gap of roughly $34 a month. This pattern comes from 9 years of Zillow rent data.

Has rent outpaced income in ZIP 21201?

No. From 2019 to 2024, rent in ZIP 21201 rose 16.6% while median household income rose 21.1%, from $37,687 to $45,640. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 21201 compare to other ZIPs in Maryland?

ZIP 21201 is one of the more affordable among Maryland ZIP codes for rent, ranking #131 of 140 at $1,474/mo. Over the year to September 2026, rent in ZIP 21201 changed -0.7%, against a typical +2.6% across the 124 Maryland ZIP codes Zillow tracks.

How does ZIP 21201 compare to the rest of Baltimore?

At $1,474/mo, ZIP 21201 is $288 below the Baltimore citywide median of $1,762/mo. It is the 4th cheapest of 20 ZIP codes in Baltimore.
Income Affordability
39%
MODERATE

At $1,474/mo, rent takes ~39% of ZIP 21201's median household income ($45,640/yr). The standard benchmark is 30%.

ZIP 21201 39%Benchmark 30%
State income tax2–5.75%
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Schools nearby

Public schools near ZIP 21201 (Baltimore, MD)

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