$2,400 Per Month
- 3 Beds
- 2 Baths
- 1,209 Sq Ft
- Condo for Rent
8387 Montgomery Run Rd Unit E, Ellicott City, MD 21043
8387 Montgomery Run Rd Unit E, Ellicott City, MD 21043
Frequently Asked Questions
How much does it cost to rent a condo in Ellicott City, MD?
The median rent for a condo in Ellicott City, MD is $2,250 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 Ellicott City, MD?
To comfortably afford the median rent in Ellicott City, MD, a household needs to earn roughly $132,880 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 $3,322 per month in Ellicott City, MD, renters typically need to show $9,966 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 Ellicott City, MD?
In Ellicott City, MD, the price-to-rent ratio is 18.1, 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 Ellicott City, MD are best for renting a condo?
The best neighborhood for renting in Ellicott City, MD depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Fairway Hills, Wilde Lake, Columbia Town Center, Oakland Mills and Long Reach, each with its own character and price range.
