Elkridge / Laurel, MD Rental Market Data

As of August 2026, rental prices in Elkridge / Laurel, MD range from $1,571 to $3,598 per month depending on property type and bedroom count.

The largest year-over-year increase was for 3BR condo/townhome units, which rose 2.42%.

For 2-bedroom homes, single-family units rent at $2,258 while apartments are slightly lower at $2,144.

What is the current rent range for apartments, condos/townhomes, and single-family homes in Elkridge / Laurel, MD?

In Elkridge / Laurel, MD as of August 2026, rents range from $1,571 for a 1BR condo/townhome up to $3,598 for a 4BR single-family home.

Which property type and bedroom count had the largest annual rent growth in Elkridge / Laurel, MD, and is this trend seen across all bedrooms for that type?

The biggest year-over-year gain was seen in 3-bedroom condo/townhomes, with a 2.42% increase, but other condo/townhome bedroom counts saw mostly flat or declining rents, so the growth was concentrated in that one segment.

Is there an outlier or unusual rent change in the Elkridge / Laurel, MD rental market data for August 2026?

The most dramatic outlier is the 1-bedroom apartment segment, which saw a 14.81% month-over-month increase from July to August 2026.

What is the price difference between apartments and condos/townhomes for the same bedroom count in Elkridge / Laurel, MD?

For 1BR rentals, apartments are $217 more expensive than condos/townhomes ($1,788 vs $1,571), while for 2BRs, apartments are $112 less expensive at $2,144 compared to $2,256 for condos/townhomes.

Elkridge / Laurel, MD

August 2026

20723

Long-term Rental Rates

Apartment

Unit Type	Price	1 Mo Change	1 Yr Change
1-Bedroom	$1,731 – $1,845	14.81%	-3.40%
2-Bedroom	$2,069 – $2,219	4.71%	-7.00%
3-Bedroom	$2,844 – $3,020	1.38%	-2.43%
4-Bedroom	$3,226 – $3,347	-0.06%	-1.46%

Condo/Townhome

Unit Type	Price	1 Mo Change	1 Yr Change
1-Bedroom	$1,508 – $1,634	-10.60%	-13.70%
2-Bedroom	$2,199 – $2,312	-3.54%	-0.81%
3-Bedroom	$2,954 – $3,232	6.42%	2.42%
4-Bedroom	$3,266 – $3,468	-2.88%	-2.03%

Single-Family

Unit Type	Price	1 Mo Change	1 Yr Change
1-Bedroom	$1,802 – $1,880	1.72%	0.27%
2-Bedroom	$2,202 – $2,295	3.63%	0.76%
3-Bedroom	$2,928 – $3,109	4.59%	-2.41%
4-Bedroom	$3,500 – $3,724	-1.16%	-1.91%

Data updated: October 2, 2026

Elkridge / Laurel Rental Trends

In the Elkridge / Laurel (20723) rental market, 1BR apartments jumped to $1,788, posting a 14.81% month‑over‑month rise even as they declined 3.4% year‑over‑year. By contrast, 1BR condos/townhomes fell to $1,571, with a 10.6% monthly drop and a deeper 13.7% annual decline, indicating that small condo units are under more downward pricing pressure than comparable apartments.

Among 3BR inventory, condos/townhomes at $3,093 rose 6.42% month‑over‑month and 2.42% year‑over‑year, while 3BR apartments at $2,932 increased 1.38% MoM but declined 2.43% YoY in Elkridge / Laurel (20723). This $161 rent gap shows 3BR condos/townhomes outperform 3BR apartments on both current pricing and annual change direction.

Investors watching Elkridge / Laurel (20723) rental trends see 2BR single‑family homes at $2,258, up 3.63% month‑over‑month and 0.76% year‑over‑year. These homes now exceed 2BR apartments at $2,144 by $114 and narrowly trail 2BR condos/townhomes at $2,256 by just $2, suggesting detached 2BR product commands a modest premium over apartment stock.

12-Month Median Rent Trend

Apartment

Month	1 BR	2 BR	3 BR	4 BR
August 2026	$1,788	$2,144	$2,932	$3,310
July 2026	$1,557	$2,047	$2,892	$3,312
June 2026	$1,597	$2,252	$2,939	$3,307
May 2026	$1,584	$2,099	$2,944	$3,277
April 2026	$1,575	$2,117	$2,670	$3,246
March 2026	$1,571	$2,162	$2,697	$3,217
February 2026	$1,623	$2,182	$2,769	$3,245
January 2026	$1,748	$2,111	$2,821	$3,276
December 2025	$1,817	$2,087	$2,894	$3,317
November 2025	$1,782	$2,141	$2,933	$3,344
October 2025	$1,807	$2,176	$2,920	$3,370
September 2025	$1,774	$2,278	$2,999	$3,363

Condo / Townhome

Month	1 BR	2 BR	3 BR	4 BR
August 2026	$1,571	$2,256	$3,093	$3,367
July 2026	$1,757	$2,338	$2,906	$3,467
June 2026	$1,731	$2,212	$3,119	$3,221
May 2026	$1,741	$2,234	$3,026	$3,282
April 2026	$1,762	$2,354	$2,908	$3,348
March 2026	$1,763	$2,185	$2,845	$3,206
February 2026	$1,728	$2,229	$2,896	$3,190
January 2026	$1,743	$2,200	$2,898	$3,224
December 2025	$1,748	$2,241	$2,963	$3,278
November 2025	$1,786	$2,289	$2,977	$3,274
October 2025	$1,798	$2,274	$2,990	$3,306
September 2025	$1,815	$2,304	$3,056	$3,352

Single-Family

Month	1 BR	2 BR	3 BR	4 BR
August 2026	$1,848	$2,258	$3,018	$3,598
July 2026	$1,817	$2,179	$2,886	$3,640
June 2026	$1,826	$2,097	$2,918	$3,789
May 2026	$1,805	$2,223	$3,064	$3,574
April 2026	$1,853	$2,178	$2,985	$3,548
March 2026	$1,775	$2,167	$2,969	$3,541
February 2026	$1,776	$2,168	$2,963	$3,532
January 2026	$1,791	$2,189	$2,990	$3,556
December 2025	$1,812	$2,204	$3,016	$3,604
November 2025	$1,828	$2,225	$3,048	$3,638
October 2025	$1,841	$2,241	$3,073	$3,660
September 2025	$1,845	$2,247	$3,074	$3,673

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