$1,250
Total Monthly Price
- 2 Beds
- 1 Bath
- 950 Sq Ft
- Condo for Rent
11779 Somerset Ave Unit 304, Princess Anne, MD 21853
Luxury apartment with open floor plan and great access to downtown Princess Anne! A private balcony with open views.
Frequently Asked Questions
How much does it cost to rent a condo in Princess Anne, MD?
The median rent for a condo in Princess Anne, MD is $1,255 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 Princess Anne, MD?
To comfortably afford the median rent in Princess Anne, MD, a household needs to earn roughly $50,400 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 $1,260 per month in Princess Anne, MD, renters typically need to show $3,780 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 Princess Anne, MD?
In Princess Anne, 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.
