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Apartment Rents (1990 To 2006) : Montgomery County, Maryland

Average apartment rental prices in Montgomery County, Maryland increased steadily from 1990 to 2006 for efficiencies, 1 bedroom, 2 bedroom, 3 bedroom, and 4+ bedroom units. Rents rose from $564 for efficiencies in 1990 to $987 in 2006, $648 to $1,073 for 1 bedroom units, $746 to $1,267 for 2 bedroom units, $883 to $1,608 for 3 bedroom units, and $966 to $1,869 for 4+ bedroom units over the 17 year period documented.

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35 views1 page

Apartment Rents (1990 To 2006) : Montgomery County, Maryland

Average apartment rental prices in Montgomery County, Maryland increased steadily from 1990 to 2006 for efficiencies, 1 bedroom, 2 bedroom, 3 bedroom, and 4+ bedroom units. Rents rose from $564 for efficiencies in 1990 to $987 in 2006, $648 to $1,073 for 1 bedroom units, $746 to $1,267 for 2 bedroom units, $883 to $1,608 for 3 bedroom units, and $966 to $1,869 for 4+ bedroom units over the 17 year period documented.

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Planning Docs
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Apartment Rents (1990 to 2006)

Average Turnover Rent, Market Rate Units


Montgomery County, Maryland

Year Efficiency 1 bedroom 2 bedroom 3 bedroom 4+ bedroom


1990 $564 $648 $746 $883 $966
1991 576 661 760 902 961
1992 578 670 771 903 1,004
1993 583 677 778 923 1,011
1994 595 685 794 937 1,033
1995* n/a n/a n/a n/a n/a
1996 630 713 820 969 1,117
1997 642 726 836 993 1,160
1998 664 747 861 1,049 1,158
1999 679 787 894 1,091 1,210
2000 729 846 965 1,167 1,317
2001 815 929 1,076 1,296 1,475
2002 849 970 1,120 1,396 1,541
2003 869 990 1,162 1,448 1,612
2004 887 1,027 1,211 1,526 1,708
2005 931 1,036 1,224 1,531 1,812
2006 987 1,073 1,267 1,608 1,869

*No survey was taken in 1995.


Source: Montgomery County Department of Housing and Community Development,
Rental Apartment Vacancy Report ; M-NCPPC, Research & Technology Center. Updated
March, 2007.

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