Rental market snapshot for Locust Point, Baltimore
Locust Point rental market summary
The rental market in Locust Point, Maryland is showing signs of stability. In July 2023, there were 35 new listings, indicating that the market is still active. The median rent in July 2023 was $2,428, which is only a 4.4% decrease from the median rent in June 2023. This suggests that the rental market is not experiencing a significant downturn. Furthermore, the median rent in July 2023 was only 1.2% lower than the median rent in July 2022, indicating that the rental market has remained relatively steady over the past year.
Overall, the rental market in Locust Point, Maryland appears to be stable and resilient. The number of new listings is still high, and the median rent has not experienced a significant decrease over the past year. This suggests that the rental market in Locust Point is healthy and that renters can expect to find a variety of options in the area.
Median rent for all residential properties in Locust Point
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The most expensive listings and top trending buildings in Locust Point
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
1424 Hull St | $4,600 | 4 / 4.5 |
1342 Towson St | $4,100 | 4 / 4.5 |
1442 Steuart St | $3,600 | 4 / 3.5 |
1700 Whetstone Way | $3,124 | 2 / 2.0 |
1435 Woodall St | $3,000 | 3 / 2.5 |
Top Trending Buildings
building name | avg rent price |
---|---|
Greystar* | $1,704 |
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Bedroom Breakdown in Locust Point
Locust Point neighborhood apartments rents
The rental market for studios in Locust Point, Maryland is showing signs of growth. In July 2023, there was one new studio listing, and the median rent for studios increased by 3.9% from June 2023 to July 2023, from $1,774 to $1,843. This suggests that the rental market for studios in Locust Point is becoming more competitive, and that renters should expect to pay more for studios in the area.
The rental market for 1-bedroom apartments in Locust Point, Maryland is showing signs of growth. In July 2023, there were 4 new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in July 2023 was $1,682, a decrease of 15.8% from the median rent in June 2023. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants. Overall, the rental market for 1-bedroom apartments in Locust Point, Maryland is showing signs of growth and increased competition.
The rental market for 2-bedroom apartments in Locust Point, Maryland is showing signs of growth. In July 2023, there were 6 new 2-bedroom listings, indicating an increase in demand for rental units. The median rent for 2-bedroom apartments in July 2023 was $2,532, a decrease of 14.6% from the median rent in June 2023. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants. Overall, the rental market for 2-bedroom apartments in Locust Point, Maryland is showing signs of growth and increased competition.