Rental market snapshot for Federal Hill, Baltimore
Federal Hill rental market summary
The rental market in Federal Hill, Maryland is showing signs of stability. In July 2023, there were 101 new listings, indicating that the market is still active and growing. The median rent for the month of July 2023 was $2,375, which is only a 1.1% increase from the previous month. This suggests that the market is not experiencing any significant inflationary pressure. Furthermore, when compared to the median rent in July 2022, the current median rent is only 0.3% higher. This indicates that the rental market in Federal Hill is relatively stable and not subject to any drastic changes in prices.
Overall, the rental market in Federal Hill is healthy and growing. With the number of new listings increasing and the median rent remaining relatively stable, tenants can be confident that they will be able to find a suitable rental property at a reasonable price. Furthermore, landlords can be assured that their investments will remain profitable in the long term.
Median rent for all residential properties in Federal Hill
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The most expensive listings and top trending buildings in Federal Hill
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 621 Ponte Villas N | $11,000 | 4 / 3.5 |
| 106 W Cross St | $3,600 | 4 / 3.5 |
| 206 E Cross St | $3,400 | 4 / 2.0 |
| 301 Warren Ave | $3,393 | 2 / 2.0 |
| 137 W Henrietta St | $3,200 | 4 / 2.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Sentinel Real Estate Corporation | $1,986 |
| Red Tail Residential | $1,740 |
| Greystar | $847 |
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Bedroom Breakdown in Federal Hill
Federal Hill neighborhood apartments rents
The rental market for studios in Federal Hill, Maryland is showing signs of a slight decrease in rent. In May 2023, there were two new studio listings, with a median rent of $1,660, which is 11.4% lower than the median rent of $1,874 in April 2023. This suggests that the rental market for studios in Federal Hill is becoming more competitive, with landlords offering lower rents to attract tenants.
The rental market for 1-bedroom apartments in Federal Hill, Maryland is relatively stable. In July 2023, there were 6 new 1-bedroom listings, and the median rent for 1-bedroom apartments was $1,712, a decrease of .4% from the median rent in June 2023. This suggests that the rental market is not experiencing significant fluctuations in prices, and that the market is relatively steady.
The rental market for 2-bedroom apartments in Federal Hill, Maryland is showing signs of growth. In July 2023, there was only one new 2-bedroom listing, but the median rent for 2-bedroom apartments increased by 27.4% from June 2023 to July 2023, from $2,663 to $3,393. This suggests that demand for 2-bedroom apartments is increasing, and that the rental market in Federal Hill is becoming more competitive.