Rental market snapshot for Annapolis, Maryland

Annapolis, Maryland Rental Property Market Overview

The average rent for an apartment in Annapolis is $2,274. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has increased by 0.68% over the past year.

Annapolis is the capital of Maryland and is located on the Chesapeake Bay. It is a historic city with a vibrant downtown area. The United States Naval Academy is located here, as well as St. John's College. Annapolis is a popular tourist destination and is known for its sailing culture.

Last Updated December 23, 2022

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Average monthly rent graph in Annapolis Maryland | Cost of Living

  • The most expensive ZIP Code in Annapolis is 21401 with an average price of $2,105
  • The cheapest ZIP Code in Annapolis is 21403 with an average price of $1,665

Annapolis ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
121401$2,105
221403$1,979

Live near Annapolis, Maryland's Top Sights and Attractions

Sandy Point State Park is a beautiful state park located on the Chesapeake Bay. The park offers a variety of activities such as swimming, fishing, hiking, and picnicking. The park also has a playground and a sand volleyball court.

Truxtun Park is a large park located on the water in Annapolis, Maryland. The park has a playground, a picnic area, a basketball court, and a walking trail.

The Susan Campbell Park City Dock is a large pier located in the heart of downtown Annapolis. It is a popular spot for fishing, crabbing, and simply enjoying the views of the Chesapeake Bay. The dock is also home to a number of restaurants and shops, making it a great place to spend an afternoon or evening.

The Banneker Douglass Museum is the state museum of African American history and culture in Maryland. The museum is located in the historic Mount Vernon neighborhood in Annapolis, Maryland. The museum is named for Benjamin Banneker and Frederick Douglass, two Marylanders who made significant contributions to African American history and culture. The museum houses a collection of African American art, artifacts, and documents. The museum also offers a variety of educational programs and events.

The Chesapeake Bay Foundation is a non-profit organization dedicated to the protection and restoration of the Chesapeake Bay. The Foundation has a visitor center in Annapolis, Maryland with exhibits on the Bay's ecology, a gift shop, and a boat dock where visitors can take a cruise on the Bay.

The park is located on the Chesapeake Bay and has a boardwalk, playground, pavilions, and a fishing pier.

Bay Head Park is a beautiful park located on the water in Annapolis, Maryland. The park has a large grassy area perfect for picnicking, a playground, a pier, and a beach. Visitors can also rent kayaks and paddleboards to explore the water.

The Charles Carroll House is a historic house in Annapolis, Maryland, that was the home of Charles Carroll of Carrollton, a signer of the Declaration of Independence, from 1782 until his death in 1832. The house is a National Historic Landmark and is now operated as a museum by the Maryland Historical Society.

Annapolis, Maryland area median rent change by ZIP Code map

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How does Annapolis compare to other cities in Maryland ?

citymedian price
Hagerstown$1,389
Cambridge$1,650
Lanham$2,060
Frederick$2,075
Salisbury$1,575
Bel Air$1,780
Reisterstown$1,850

Average household income in Annapolis area graph - US Census

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The median household income in Annapolis in 2021 was $87,897. This represents a 24.0% change from 2011 when the median was $70,908.

#categorypercent
0Less than $10,0003.5%
1$10,000 to $14,9992.4%
2$15,000 to $19,9994.3%
3$20,000 to $24,9992.2%
4$25,000 to $29,9992.2%
5$30,000 to $34,9993.9%
6$35,000 to $39,9993.7%
7$40,000 to $44,9994.1%
8$45,000 to $49,9992.8%
9$50,000 to $59,9996.2%
10$60,000 to $74,9998.0%
11$75,000 to $99,99913.4%
12$100,000 to $124,99910.5%
13$125,000 to $149,9997.7%
14$150,000 to $199,99910.4%
15$200,000 or more14.8%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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