The average monthly rent of apartments in Annapolis, MD is $2,188.
About 32% of apartment rents in Annapolis, MD range between $1,501-$2,000. Meanwhile, apartments priced over > $2,000 represent 64% of apartments. Around 4% of Annapolis’s apartments are in the $1,001-$1,500 price range. 1% of apartments are priced between $701-$1,000.
Compared to the national average rent of $1,718, the average rent in Annapolis, MD is $2,188.
Prices and availability in Annapolis, MD were last updated on 28 Feb 2023.
The best apartment in Annapolis, MD is: Cornell University Property 02.
In Annapolis, 40% of the residents are renting compared to 60% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 12% of Annapolis’s rentals, 77% are small-scale complexes with under 50 units, and 11% are single-family rentals.
The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Annapolis are about 36 years old, on average. Of these, 36% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 4 stories. About 80% of the rental communities here are low-rise, garden-style communities, 28% are mid-rises, and 6% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.
Rental apartments in Annapolis come in a range of sizes and floorplans. Studio apartments represent 2% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 42% of the total apartments in the city, while 2-bedroom floorplans represent around 43% of all rentals in Annapolis. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.
Annapolis is the capital city of Maryland, bordering multiple waterways that only add to its beauty. Technically, Annapolis is part of the Baltimore and Washington, D.C., metropolitan areas. The proximity to both of these major cities makes it easy for professionals and those working for the U.S. government to rent a home in a gorgeous suburb with a shorter commute of 25 to 30 miles. Annapolis has a rich history — it was once the capital of the U.S., albeit for only a few months — and is home to the U.S. Naval Academy. The overall feeling of Annapolis is one of great outdoor recreation, historical buildings, and sailing around the many bodies of water, including the Chesapeake Bay and the Severn River.
Annapolis has a mix of urban and suburban appeal, with an almost equal number of homeowners to renters. Rental apartments in Annapolis can be found in high-rises, townhomes and even some three-story buildings, mostly located between the South River and the Chesapeake Bay. The Eastport and the Westwinds neighborhoods are two of the most popular locations to rent a luxury apartment. Most rentals offer competitive amenities including fitness centers and dog parks. Annapolis has a very walkable downtown area, so if you are lucky enough to rent one of those apartments, you’ll have an easy time navigating the neighborhood on foot.
Along Main Street in downtown Annapolis, there are a variety of local shops and restaurants for renters to explore. The end of the street looks over the Annapolis harbor, which is a scenic way for renters and tourists to enjoy the afternoon. There is also an Arts District on West Street that has an abundance of art galleries. For a modern and upscale shopping experience, there is the Annapolis Towne Center with shops, a Whole Foods Market and luxury rentals along the street with amazing views. The Westfield Annapolis is more of a traditional indoor shopping mall with anchor stores like JCPenney and Macy’s. Two other grocery stores in the area are Safeway and The Fresh Market that has more organic produce and specialty ready-made foods.
The Annapolis Transit system serves the city with a network of bus routes as part of the Maryland Department of Transportation. Seven fixed routes go all around Annapolis, and there is a complimentary circulator bus that goes between downtown and the suburbs as well. Renters can also take this form of transportation into Baltimore and Washington, D.C., making it a popular way for commuters to avoid heavy traffic during peak hours. Renters who prefer getting around more conveniently have access to ridesharing services such as Uber and Lyft. For domestic or international travels, the closest airport is the Baltimore/Washington International Thurgood Marshall Airport, which is only around 25 miles northwest of Annapolis via Interstate 97.
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