Starting at $2,175
Total Monthly Price
- Studio - 3 Beds
1900 Towne Centre Blvd, Annapolis, MD 21401
The Penny - 55+ Active Adult Apartment Homes
Frequently Asked Questions
How much does it cost to rent a home in Annapolis, MD?
The median rent for a home in Annapolis, MD is $2,972 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Annapolis, MD?
To comfortably afford the median rent in Annapolis, MD, a household needs to earn roughly $118,880 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,972 per month in Annapolis, MD, renters typically need to show $8,916 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Annapolis, MD?
In Annapolis, MD, the price-to-rent ratio is 17.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Annapolis, MD are best for renting a home?
The best neighborhood for renting in Annapolis, MD depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Truxton Heights, Forest Villa, Eastport, Downtown Annapolis and West Annapolis-Wardour, each with its own character and price range.
