$4,500 Per Month
- 5 Beds
- 2.5 Baths
- 2,070 Sq Ft
- House for Rent
2924 Gracefield Rd, Silver Spring, MD 20904
2924 Gracefield Rd, Silver Spring, MD 20904
Frequently Asked Questions
How much does it cost to rent a single-family home in Silver Spring, MD?
The median rent for a single-family home in Silver Spring, MD is $3,250 per month, though prices vary by neighborhood, size, and property type. As of June 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 Silver Spring, MD?
To comfortably afford the median rent in Silver Spring, MD, a household needs to earn roughly $112,000 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 $2,800 per month in Silver Spring, MD, renters typically need to show $8,400 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 Silver Spring, MD?
In Silver Spring, MD, the price-to-rent ratio is 16.4, 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 Silver Spring, MD are best for renting a single-family home?
The best neighborhood for renting in Silver Spring, MD depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a single-family home include Silver Spring Park, Downtown Silver Spring, Manor Park, Takoma and 16th Street Heights, each with its own character and price range.
