Maryland Apartments For Rent
Apartments for rent in Maryland overall cost a little above the national average. The price of a studio averages $960 per month, which is $65 below the national average. The price of a one-bedroom averages $992 per month, which is $64 below the national average. The reason that studio apartments for rent in Maryland cost not much more than one-bedrooms is that a lot more studios tend to be rented in high-priced areas, whereas in lower-rent areas the smallest apartments you're likely to find are one-bedrooms.
Larger Maryland apartment rentals follow the same trends. The price of a two-bedroom averages $1229 per month, which is $173 above the national average. The price of a three-bedroom averages $1448 per month, which is $103 above the national average.
If you're searching for an Maryland apartment rental you should know that the trends vary depending on which city or county you're looking at. The most expensive Maryland apartments for rent are in Waldorf, Chevy Chase, and Bethesda. The lowest rent apartments in Maryland are in Edgewood, Hagersrtown, and Essex.
If you go by median household income, Maryland is the wealthiest state in the country. Because it's home to the 10th largest seaport in the United States, because of its proximity to several major cities, and because many of its residents work in Washington D.C., much of Maryland's economy is derived from transportation. There is also a lot of economic activity centered around government contracting. World famous for its crabs, a notable component of Maryland's economy is fishing.
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