Federal Hill / Locust Point, MD
August 2026
21230
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,895 – $2,033 | -0.91% | 6.74% |
| 2-Bedroom | $2,328 – $2,522 | 3.82% | 12.39% |
| 3-Bedroom | $2,258 – $2,374 | -2.11% | 0.30% |
| 4-Bedroom | $3,183 – $3,284 | -0.03% | -0.55% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,801 – $1,894 | -3.32% | 0.19% |
| 2-Bedroom | $2,192 – $2,375 | 2.67% | 10.31% |
| 3-Bedroom | $2,432 – $2,582 | -0.76% | 1.91% |
| 4-Bedroom | $3,060 – $3,249 | 2.01% | -0.40% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,371 – $1,441 | -9.29% | -8.46% |
| 2-Bedroom | $1,540 – $1,668 | -10.84% | -12.06% |
| 3-Bedroom | $1,745 – $1,835 | 5.12% | 2.71% |
| 4-Bedroom | $2,535 – $2,678 | -0.73% | -2.00% |
In the Federal Hill / Locust Point (21230) rental market, 2-bedroom apartments posted a month-over-month increase, reaching a $2,425 median rent in August 2026—up 3.82% compared to July. This segment also recorded a 12.39% year-over-year rise, positioning it as one of the most rapidly appreciating apartment sizes in the area.
Rents for 2-bedroom single-family homes in Federal Hill / Locust Point (21230) dropped to $1,604, down 10.84% over the previous month. The annual change stood at -12.06%, emphasizing how single-family properties have underperformed compared to multifamily options with similar bedroom counts.
For three-bedroom units, condos held a median rent of $2,507, leading apartments by $191 as apartment medians stood at $2,316. This price gap reflects how Federal Hill / Locust Point (21230) rental trends favor condo and townhome layouts over apartment configurations for larger residences.