ZIP Code · MD

ZIP 21403

Part of Annapolis, MD

Pop. 32,681·Anne Arundel County·52nd most expensive ZIP in Maryland

Median rent (all units)

$2,144/mo

Year-over-Year

+6.8%

Month-over-Month

+0.9%

vs US Median

+$212

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 21403 · $2,144

More expensive than 68% 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

$1,640

1 BR

$1,810

2 BR

$2,230

3 BR

$2,830

4 BR+

$3,140

Research median

$2,230/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

Compared with the peak

Rent in ZIP 21403 is at its highest level since Zillow's records here began in January 2022.

Past year vs. the rest of Maryland

Rent in ZIP 21403 changed +6.8% over the year to September 2026. Across the 124 Maryland ZIP codes Zillow tracks, the typical change was +2.6%.

Recent direction

Rent has risen 4 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($123,329) is $3,083 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,830); a 4-bedroom is $3,140.

From Zillow's monthly rent index (ZORI) for ZIP 21403. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$25,728/yr

At $2,144/mo median

Location

CityAnnapolis

StateMD

CountyAnne Arundel County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 6.8% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+6.8% YoY, +0.9% MoM), not inventory.

Demographics

Who lives here

ZIP 21403 (Annapolis, MD) is majority owner-occupied, has a large retiree population, has a median income above the national average, 56.4% of residents hold a bachelor's degree or higher.

Population

32,681

Median income

$123,329

Median age

45.3

Renters

30.9%

Age distribution

18.7%

17.8%

25.4%

15.9%

22.2%

Under 1818.7%

18–3417.8%

35–5425.4%

55–6415.9%

65+22.2%

Gender

49.4%

50.6%

Male49.4%

Female50.6%

Race & ethnicity

67.4%

16.1%

White67.4%

Black11.7%

Hispanic16.1%

Asian1.7%

Other3.1%

Education (25+)

13%

21%

56.4%

No HS diploma9.6%

HS diploma13%

Some college21%

Bachelor's+56.4%

Housing tenure

69.1%

30.9%

Owner69.1%

Renter30.9%

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

2022 vs 2026

How ZIP 21403 in Annapolis, MD has changed in 5 years

Rent

$1,787 → $2,144

up 20.0%

Income

$98,684 → $123,329

up 25.0%

Population

32,655 → 32,681

up 0.1%

Renter share

31.9% → 30.9%

-1.0 pts

Bachelor's+

56.1% → 56.4%

+0.3 pts

Median age

43.6 → 45.3

+1.7 yrs

Since 2022, the typical rent in ZIP 21403 in Annapolis, MD has increased from $1,787 to $2,144, a 20.0% change over five years. Local incomes tracked alongside that move, going from a median of $98,684 in 2021 to $123,329 more recently. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 21403 in Annapolis, MD market of 2022.

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About renting in ZIP 21403

Last updated: October 17, 2026

ZIP code 21403 covers Annapolis, MD. The median rent here is $2,144/mo as of October 2026. A 1-bedroom rents for a median of $1,810/mo. A 2-bedroom rents for a median of $2,230/mo.

At 21% of local median household income ($123,329/yr), ZIP 21403 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 21403?

To keep rent at or below 30% of gross income, you would need to earn at least $86,000/year (about $41/hour full-time) to afford the median rent of $2,144/mo in ZIP 21403. The local median household income is $123,329/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 21403?

Rent in ZIP 21403 has risen 6.8% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2022.

How does ZIP 21403 compare to other ZIPs in Maryland?

ZIP 21403 is in the middle among Maryland ZIP codes for rent, ranking #52 of 140 at $2,144/mo. Over the year to September 2026, rent in ZIP 21403 changed +6.8%, against a typical +2.6% across the 124 Maryland ZIP codes Zillow tracks.