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ZIP Code · MD

ZIP 21703

Pop. 41,960·Frederick County·37th most expensive ZIP in Maryland
Median rent (all units)
$2,334/mo
Year-over-Year
+11.0%
Month-over-Month
+1.2%
vs US Median
+$369
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 21703 · $2,334
More expensive than 74% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,830
1 BR
$1,880
2 BR
$2,100
3 BR
$2,650
4 BR+
$3,120
Research median
$2,100/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
$28,008/yr
At $2,334/mo median
Location
StateMD
CountyFrederick County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 11.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+11.0% YoY, +1.2% MoM), not inventory.
Demographics

Who lives here

ZIP 21703 (Frederick, MD) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 43% of residents hold a bachelor's degree or higher.

Population
41,960
Median income
$106,334
Median age
34.6
Renters
33.5%
Age distribution
26.1%
24.6%
26.9%
Under 1826.1%
18–3424.6%
35–5426.9%
55–6411.4%
65+11%
Gender
47.3%
52.7%
Male47.3%
Female52.7%
Race & ethnicity
50.2%
19.8%
18.7%
White50.2%
Black19.8%
Hispanic18.7%
Asian8.9%
Other2.4%
Education (25+)
22.7%
27%
43%
No HS diploma7.3%
HS diploma22.7%
Some college27%
Bachelor's+43%
Housing tenure
66.5%
33.5%
Owner66.5%
Renter33.5%

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

2020 vs 2026

How ZIP 21703 in Frederick, MD has changed in 5 years

Rent
$1,463 → $2,334
up 59.5%
Income
$96,906 → $106,334
up 9.7%
Population
39,438 → 41,960
up 6.4%
Renter share
33% → 33.5%
+0.5 pts
Bachelor's+
38.5% → 43%
+4.5 pts
Median age
35.6 → 34.6
-1.0 yrs

The median rent in ZIP 21703 in Frederick, MD stood at $1,463 in 2020 and currently runs about $2,334, reflecting a 59.5% increase over the period. Local incomes tracked alongside that move, going from a median of $96,906 in 2021 to $106,334 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 6.4% since 2021, moving from about 39,438 residents to roughly 41,960. College-educated residents now make up 43% of adults here, versus 38.5% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 21703 in Frederick, MD market of 2020.

Community

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Local insights

Tips for renters in ZIP 21703

About renting in ZIP 21703

Last updated: July 20, 2026

ZIP code 21703 covers Frederick, MD. The median rent here is $2,334/mo as of July 2026. A 1-bedroom rents for a median of $1,880/mo. A 2-bedroom rents for a median of $2,100/mo.

At 26% of local median household income ($106,334/yr), ZIP 21703 ranks as affordable compared to the national benchmark of 30%. Rents have increased 11.0% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 21703?

As of July 20, 2026, the median monthly rent in ZIP 21703 (Frederick, MD) is $2,334. This is based on aggregated data from public sources and community submissions.

How does ZIP 21703 rent compare to the US average?

ZIP 21703's median rent of $2,334/mo is $369 (19%) above the US national median of $1,965/mo.

How does ZIP 21703 compare to other ZIPs in Maryland?

ZIP 21703 is one of the pricier ZIP codes in Maryland, ranking #37 out of 140 ZIPs tracked at $2,334/mo.

How much income do you need to rent in ZIP 21703?

To keep rent at or below 30% of gross income, you would need to earn at least $93,000/year (~$45/hour full-time) to afford the median rent of $2,334/mo in ZIP 21703. The local median household income is $106,334/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 21703?

Rent in ZIP 21703 has increased 11.0% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 21703 an affordable place to rent?

ZIP 21703 is considered affordable for renters. At $2,334/mo, rent takes approximately 26% of the local median household income ($106,334/yr). The standard benchmark is 30%. ZIP 21703 falls comfortably within that range.

What percentage of ZIP 21703 residents rent vs. own?

According to Census data, approximately 33.5% of ZIP 21703 households are renters, while 66.5% are owner-occupied. ZIP 21703 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 21703 compare to the rest of Frederick?

ZIP 21703 is pricier than Frederick as a whole. At $2,334/mo, it's $129 above the Frederick citywide median of $2,205/mo.

When was rent data for ZIP 21703 last updated?

Rent data for ZIP 21703 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
26%
AFFORDABLE

At $2,334/mo, rent takes ~26% of ZIP 21703's median household income ($106,334/yr). The standard benchmark is 30%.

ZIP 21703 26%Benchmark 30%
State income tax2–5.75%
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Schools nearby

Public schools near ZIP 21703 (Frederick, MD)

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