Frederick, MD Rental Market Outlook – Spring 2025

As of April 2025, Frederick, Maryland’s rental market is experiencing a period of stabilization, following a phase of rapid growth. This trend is influenced by a combination of economic factors, housing supply dynamics, and shifting renter behaviors.

📊 Current Rental Trends

• Average Rent: The average rent in Frederick stands at approximately $2,232 per month, which is about 23% higher than the national average of $1,812 .(Zillow)

• Recent Changes: Over the past month, rents have decreased by $348, and there’s been a $98 decline compared to the same period last year .(Zillow)

• Market Temperature: The rental market is currently classified as “cool,” indicating a balance between supply and demand, with a slight tilt towards increased availability .(Zillow)

🏘️ Rental Prices by Property Type

• Studio Apartments: Average rent is around $1,996 per month.

• 1-Bedroom Apartments: Approximately $1,939 per month.(Rent.com)

• 2-Bedroom Apartments: Average rent is about $2,193 per month .(Rent.com)

• Single-Family Homes: These properties command higher rents, averaging around $2,832 per month .(Point2Homes)

🏙️ Neighborhood Insights

Rental prices vary across different neighborhoods in Frederick:

• Downtown Frederick & Baker Park: These areas are highly sought after due to their historic charm and walkability, leading to consistent price growth .(Rentastic)

• Frederick City: The average rent here is approximately $1,848 per month .(RentCafe)

📈 Market Outlook

The Frederick rental market is expected to remain stable in the near term. Factors contributing to this outlook include:

• Economic Stability: Frederick’s economy continues to grow, supporting a steady demand for rental properties.

• Housing Supply: New developments are adding to the housing stock, helping to meet demand and stabilize prices.

• Renter Preferences: There’s a growing interest in areas that offer a blend of urban amenities and suburban comfort, which Frederick provides.

💡 Tips for Renters and Investors

• For Renters: With the current market conditions, it’s an opportune time to negotiate lease terms or explore different neighborhoods for better deals.

• For Investors: The steady appreciation in property values, especially in desirable neighborhoods, presents a favorable environment for long-term investments .(Rentastic)

In summary, Frederick’s rental market in 2025 offers a balanced environment for both renters and investors. Staying informed about local trends and being proactive in decision-making will be key to navigating this market effectively.