$3,500 Per Month
- 5 Beds
- 3.5 Baths
- 3,024 Sq Ft
- House for Rent
10205 Balsamwood Dr, Laurel, MD 20708
10205 Balsamwood Dr, Laurel, MD 20708
Frequently Asked Questions
How much does it cost to rent a single-family home in Laurel, MD?
The median rent for a single-family home in Laurel, MD is $3,395 per month, though prices vary by neighborhood, size, and property type. As of September 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 Laurel, MD?
To comfortably afford the median rent in Laurel, MD, a household needs to earn roughly $114,000 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 $2,850 per month in Laurel, MD, renters typically need to show $8,550 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 Laurel, MD?
In Laurel, MD, the price-to-rent ratio is 15.2, 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 Laurel, MD are best for renting a single-family home?
The best neighborhood for renting in Laurel, MD depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a single-family home include West Laurel, South Laurel, North College Park and College Park Woods, each with its own character and price range.
