Renting in Baltimore costs about $1,640 a month, and the typical home is listed at $254,000. That puts the price-to-rent ratio at 12.9: a typical home costs as much as 12.9 years of rent.
Baltimore now and in 2031
| Now | 2031 (projected) | |
|---|---|---|
| Typical asking rent | $1,640/mo | $1,465/mo |
| Typical list price | $254,000 | $289,000 |
| Price-to-rent ratio | 12.9 | — |
Rent is projected at -2.2% a year, the trend in RentCast's median rents for these ZIP codes since mid-2024. For home values: The first 2 years follow this year's change in list prices (-3.1%); later years use the Federal Housing Finance Agency's house price index average for these ZIP codes from 2020 to 2025 (+6.6% a year). These are trends carried forward, not predictions of the next market turn.
How to read the price-to-rent ratio
The ratio divides the typical list price by a year of typical rent. A higher ratio means buying is expensive relative to renting; a lower one means monthly rent is high compared with what a home costs. It's a quick way to compare cities, not a verdict for your situation.
By ZIP code
| ZIP | Median rent | Rental listings | Median list price | Sale listings |
|---|---|---|---|---|
| 21215 | $1,320/mo | 257 | $179,000 | 395 |
| 21206 | $1,270/mo | 164 | $259,900 | 208 |
| 21224 | $2,015/mo | 304 | $299,900 | 492 |
| 21218 | $1,495/mo | 287 | $210,000 | 361 |
| 21229 | $1,295/mo | 242 | $195,000 | 266 |
| 21230 | $2,149/mo | 299 | $335,000 | 452 |
What this doesn't account for
Mortgage rates, your down payment, property taxes, insurance, HOA fees, maintenance, and how long you'll stay decide more than any city-wide figure. These are area numbers built from active listings; they don't know the specific home or your finances.
Source: RentCast market data for 6 of Baltimore's 21 ZIP codes (the most populous, home to 48% of residents in the city's ZIP codes, per the Census Bureau's ACS 2023). A ZIP counts only with at least 20 active listings. Retrieved October 14, 2026. Figures are listing-weighted averages of ZIP medians, not an appraisal. How Predictye calculates this.
Frequently asked questions
How much is rent in Baltimore, MD?
Typical asking rent is $1,640 a month, across 1,553 active rental listings in 6 ZIP codes.
How much do homes cost in Baltimore, MD?
The typical list price is $254,000, across 2,174 active sale listings in 6 ZIP codes. List prices are asking prices, not final sale prices.
What is the price-to-rent ratio in Baltimore, MD?
About 12.9: the typical list price equals 12.9 years of typical rent. The higher the ratio, the more buying costs relative to renting.