In the Baltimore-Towson metropolitan area, the median rent rose nearly 18% from April 2021 to April 2022, according to data compiled by the rental listing website Dwellsy.
However, that increase was smaller than the growth renters saw nationally in that same period. Across the United States, rent increased nearly 24%.
Dwellsy analyzed more than 533,000 available rental units across 439 metropolitan areas.
The Baltimore-Towson area had a total of 4,489 rentals available on Dwellsy in April 2022.
The median rent in the Baltimore-Towson area for April 2022 was $1,850, up 2.2% from March 2022 when the median rent was $1,811, and up about 18% from $1,568 in April 2021.
The area was ranked as having the 67th most expensive rent out of 439 metropolitan areas for rent expense, with 1 being most expensive.
But rent in the Baltimore-Towson area remains $70 lower than the national median rent, which was $1,920.
The metropolitan area with the most expensive median listing rent, $3,200, as of April 2022 was the Santa Cruz-Watsonville area in California. The least expensive, out of the 439 areas included in the report, was Huntsville, Texas, with a median rent of $520.
Nearby, the D.C., Arlington and Alexandria area ranked 37th, with a median rent of $2,195. Meanwhile, the Philadelphia metropolitan area ranked 121st with an April 2022 median rent of $1,500.
Nationally, the change in the premium to rent a house versus an apartment increased 35.2% from January 2021 – when the premium was 2.9% – to April 2022 – when the premium was 38.1%.
More cities’ residents are having to put a larger portion of their income toward rent. The median rent accounted for more than 30% of the median income in 95 out of 237 cities in April 2022, compared to 43 out of 237 cities in August 2021.