Silver Spring, MD Rental Market Trends
What is the average rent in Silver Spring?
The average rent for an apartment in Silver Spring is $1,988. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Silver Spring, MD
| Average Rent | Average Apartment Size |
|---|---|
| $1,988 | 901 sq. ft. |
What is the average apartment size in Silver Spring?
The average size for a Silver Spring, MD apartment is 901 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Silver Spring, MD apartment rent ranges
Silver Spring, MD Occupied Housing Units
21,128 or 62% of the households in Silver Spring, MD are renter-occupied while 13,039 or 38% are owner-occupied.
Silver Spring, MD rent trends
Average Rent in Silver Spring, MD By Neighborhood
| City | Average Rent |
|---|---|
| North Gate | $2,085 |
| Strahmore at Bel Pre | $1,921 |
Silver Spring | Rent Comparison by Neighborhood
Rent in North Gate is 9% higher than in Strahmore at Bel Pre
North Gate rent is 5% higher than Silver Spring average
Strahmore at Bel Pre rent is 3% lower than Silver Spring average
How Silver Spring Compares to Other Cities
| State | Average Rent |
|---|---|
| Silver Spring | $1,988 |
| Baltimore City | $1,664 |
| Hyattsville | $1,901 |
| Rockville | $2,422 |
| Frederick | $1,926 |
| Laurel | $1,969 |
| Bethesda | $2,799 |
| Columbia | $2,153 |
| Gaithersburg | $2,045 |
| Annapolis | $2,304 |
| Capitol Heights | $1,562 |
What is the average price for a storage unit in Silver Spring?
The average rent for a non-climate-controlled 10'x10' storage unit in Silver Spring is $214. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.