$1,500 Per Month
- 1 Bed
- 1 Bath
- 642 Sq Ft
- Condo for Rent
18501 Fairlight Dr Unit 330, Gaithersburg, MD 20879
18501 Fairlight Dr Unit 330, Gaithersburg, MD 20879
Frequently Asked Questions
How much does it cost to rent a condo in Montgomery Village, MD?
The median rent for a condo in Montgomery Village, MD is $1,993 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 Montgomery Village, MD?
To comfortably afford the median rent in Montgomery Village, MD, a household needs to earn roughly $100,000 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 $2,500 per month in Montgomery Village, MD, renters typically need to show $7,500 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 Montgomery Village, MD?
In Montgomery Village, MD, the price-to-rent ratio is 14.3, 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 Montgomery Village, MD are best for renting a condo?
The best neighborhood for renting in Montgomery Village, MD depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Stewart Town, Shady Grove, King Farm, Central Rockville and Longmead Crossing, each with its own character and price range.
