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Studio Apartment for Rent in Ocean City, MD

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    $8,000

    Total Monthly Price

    • Studio
    • 1 Bath
    • 300 Sq Ft
    • Condo for Rent

    7 45th St Unit 223, Ocean City, MD 21842

    Move-in date?How many months?What price?Summer or Year-round?_______________WARNING______________Today May 05 2022 I noticed our unit is being used by scammer. They forward their phone to our phone but once you enter the extension, it goes to them. So please be careful about sending money. We always send money to our tenant and proof. So Ask them to send you money

    7 45th St Unit 223, Ocean City, MD 21842

Why Live in Ocean City

Ocean City, Maryland, is a prominent vacation destination known for its 10-mile public beach along the Atlantic Ocean. The coastal highway, Route 528, runs through this narrow strip of sand, making it easily accessible. The city has a rich history dating back to the 17th century, with significant growth in the late 19th century due to the Atlantic Hotel and the arrival of railroads. The Boardwalk is a popular spot for visitors, featuring various food vendors and attractions. For those looking for things to do, the Oceanic Pier offers fishing without the need for a license, and Sunset Park provides crabbing spots, a concert venue, and scenic views. The Ocean City Center for the Arts and the Ocean City Film Festival cater to art enthusiasts, while the Worcester County Library hosts public story times for children. The Worcester County Public Schools District serves the area, boasting high ratings and a favorable student-to-teacher ratio. Housing options include a mix of condos and single-family homes, with many condos built in the 1980s but maintaining a modern aesthetic. Seafood dominates the local dining scene, and shopping options range from the Gold Coast Mall to various retailers along Coastal Highway. The Ocean City Beach Bus offers a convenient transportation option, though traffic can be congested, especially around midday. However, potential residents should be aware of the risks associated with hurricanes, including severe wind and extreme flood risks.

Frequently Asked Questions

How much does it cost to rent a home in Ocean City, MD?
The median rent for a home in Ocean City, MD is $2,500 per month, though prices vary by neighborhood, size, and property type. As of May 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 Ocean City, MD?
To comfortably afford the median rent in Ocean City, 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 Ocean City, 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 Ocean City, MD?
In Ocean City, MD, the price-to-rent ratio is 15.0, 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.

Rental Home Trends in Ocean City, MD

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$2,500
Median Single Family Home Rent
$2,500
Median Townhouse Rent
$2,400
Median Condo Rent
$1,825
How to Rent a Home