$2,200 Per Month
- 1 Bed
- 1 Bath
- 950 Sq Ft
- Condo for Rent
4550 N Park Ave Unit 203, Chevy Chase, MD 20815
4550 N Park Ave Unit 203, Chevy Chase, MD 20815
Frequently Asked Questions
How much does it cost to rent a condo in Chevy Chase, MD?
The median rent for a condo in Chevy Chase, MD is $2,750 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Chevy Chase, MD?
To comfortably afford the median rent in Chevy Chase, MD, a household needs to earn roughly $147,400 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 $3,685 per month in Chevy Chase, MD, renters typically need to show $11,055 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 Chevy Chase, MD?
In Chevy Chase, MD, the price-to-rent ratio is 28.9, 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 Chevy Chase, MD are best for renting a condo?
The best neighborhood for renting in Chevy Chase, MD depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Chevy Chase Lake, Downtown Bethesda, Chevy Chase, Woodmont Triangle and Kenwood Park, each with its own character and price range.
