Rental market snapshot for Laurel, Maryland

Laurel, Maryland Rental Property Market Overview

Laurel, Maryland is a city located in Prince George's County with a population of 29,490 as of 2021, according to the US Census. It is a suburban city located between Washington, D.C. and Baltimore, Maryland. It is home to many parks and recreational areas, as well as a variety of shopping and dining options. The city also has a vibrant arts and culture scene, with many galleries, museums, and theaters.

The average rent for an apartment in Laurel is $1,988. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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Average monthly rent graph in Laurel Maryland | Cost of Living

  • The most expensive ZIP code in Laurel is 20723 with an average price of $2,388.
  • The cheapest ZIP code in Laurel is 20708 with an average price of $1,760.

Laurel ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
120723$2,388
220724$2,200
320274$2,190
420707$1,984
520708$1,760

Live near Laurel, Maryland's Top Sights and Attractions

Granville Gude Park & Lakehouse is a picturesque park located in a suburban area. It features a large lake surrounded by lush green grass, trees, and shrubs. The lake is home to a variety of wildlife, including ducks, geese, and other birds. There is a walking path that circles the lake, as well as a playground and picnic area. The lakehouse is a popular destination for special events, such as weddings, birthday parties, and corporate events. It features a large banquet hall, a full-service kitchen, and a patio overlooking the lake.

The Laurel Museum is a local history museum located in a historic house in Laurel, Maryland. It features exhibits on the history of the city and its people, from the early days of the railroad to the present. Visitors can explore the museum's collections of artifacts, photographs, documents, and other items that tell the story of the city's past. The museum also offers educational programs, special events, and guided tours.

Gvc Skate Park is a popular outdoor attraction located in Laurel, Maryland. It features a large skate park with a variety of ramps, rails, and other obstacles for skateboarders and BMX riders of all skill levels. The park also has a large open area for spectators to watch the action. The park is well-maintained and offers a safe and fun environment for skateboarders and BMX riders to practice their skills.

Laurel Park Pool is a public outdoor swimming pool located in a scenic park setting. It features a large, rectangular pool with a diving board, a kiddie pool, and a large sun deck. The pool is surrounded by lush green grass and tall trees, providing a peaceful and relaxing atmosphere. There are also several picnic tables and grills available for visitors to use. The pool is open during the summer months and offers a variety of swimming lessons and activities for all ages.

Centennial Park is a large outdoor recreational area located in Laurel, Maryland. It features a variety of activities and attractions, including a large lake, walking trails, playgrounds, picnic areas, and a disc golf course. The park also has a variety of wildlife, including ducks, geese, and other birds. The park is a popular destination for families, couples, and individuals looking to enjoy the outdoors.

Patuxent Research National Wildlife Refuge is a large outdoor area that offers visitors a chance to explore and observe nature. The refuge is home to a variety of wildlife, including birds, mammals, reptiles, amphibians, and fish. Visitors can explore the refuge on foot, by bike, or by car. There are also a number of trails and boardwalks that provide access to the refuge's many habitats. The refuge also offers educational programs, such as guided tours, lectures, and workshops.

Patuxent Research Refuge is a wildlife sanctuary located in Maryland. It is a large outdoor area with a variety of habitats, including forests, wetlands, and meadows. Visitors can explore the refuge on foot, by bike, or by car. There are many trails and boardwalks to explore, as well as observation towers and wildlife viewing areas. The refuge is home to a variety of wildlife, including birds, mammals, reptiles, amphibians, and fish. It is also a great place for bird watching, nature photography, and environmental education.

Riverfront Park is a scenic outdoor area located along the banks of the Patuxent River. It features a variety of recreational activities, including walking trails, fishing spots, picnic areas, and playgrounds. The park also has a boat launch, allowing visitors to explore the river by kayak or canoe. In addition, the park hosts a variety of events throughout the year, such as concerts, festivals, and outdoor movie screenings.

Laurel, Maryland area median rent change by ZIP code map

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How does Laurel compare to other cities in Maryland?

citymedian price
Fort Washington$1,995
Elkton$1,870
Sykesville$1,769
Baltimore$1,657
Willards$1,524

Average household income in Laurel area graph - US Census

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The median household income in Laurel in 2021 was $85,615. This represents a 29.0% change from 2011 when the median was $66,355.

#categorypercent
0Less than $10,0003.1%
1$10,000 to $14,9991.6%
2$15,000 to $19,9993.6%
3$20,000 to $24,9993.1%
4$25,000 to $29,9993.0%
5$30,000 to $34,9994.0%
6$35,000 to $39,9993.8%
7$40,000 to $44,9992.1%
8$45,000 to $49,9991.7%
9$50,000 to $59,9998.8%
10$60,000 to $74,99911.6%
11$75,000 to $99,99915.5%
12$100,000 to $124,99910.2%
13$125,000 to $149,9999.9%
14$150,000 to $199,9999.0%
15$200,000 or more8.9%

Neighborhoods in Laurel

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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.

As of February , the average rent in Laurel is $1,988.
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