Inner Harbor, Baltimore City, MD Rental Market Trends
Last updated: February 23, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Inner Harbor is $2,658, a 2.77% increase compared to the previous year, when the average rent was $2,586.
Studio Apartments at $2,124 offer the most budget-friendly option with 510 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 731 square feet for $2,348, balancing privacy and affordability.
Two-beedroom units at $3,343 offer 1,174 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,572 sq ft) for $4,587, suitable for larger households.
Average rent in Inner Harbor, Baltimore City, MD
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,658 | 850 sq. ft. |
| Studio | $2,124 | 510 sq. ft. |
| 1 Bed | $2,348 | 731 sq. ft. |
| 2 Beds | $3,343 | 1,174 sq. ft. |
| 3 Beds | $4,587 | 1,572 sq. ft. |
Inner Harbor, Baltimore City, MD rent trends
Rental prices in Inner Harbor, Baltimore City, MD have increased by 2.77% over the past year. The average rent moved from $2,586 to $2,658.
What's the typical rent budget in Inner Harbor, Baltimore City, MD?
The largest share of rentals in Inner Harbor, Baltimore City, MD (53%) fall between $2,001-$2,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Inner Harbor, Baltimore City, MD?
1,032 or 76% of the households in Inner Harbor, Baltimore City, MD are renter-occupied while 328 or 24% are owner-occupied.
Most affordable neighborhoods in Inner Harbor?
West Hills $995/month
Frankford $1,013/month
Woodbourne Heights $1,041/month
All of these neighborhoods fall below the city wide average of $1,634/month.Most expensive neighborhoods in Inner Harbor?
Otterbein $2,530/month
Fells Point $2,530/month
Inner Harbor $2,658/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Baltimore City, MD By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Inner Harbor | $2,658 |
| Fells Point | $2,530 |
| Otterbein | $2,530 |
| Canton Industrial Area | $2,277 |
| Riverside | $2,251 |
| Canton | $2,216 |
| Middle East | $2,202 |
| South Baltimore | $2,130 |
| Downtown West Baltimore | $2,124 |
| Tuscany - Canterbury | $2,110 |
| Washington Hill | $2,098 |
| Locust Point Industrial Area | $2,072 |
| Roland Park | $1,953 |
| Charles Village | $1,945 |
| Hampden | $1,839 |
| Mid - Town Belvedere | $1,791 |
| Cross Country | $1,718 |
| Bolton Hill | $1,681 |
| Downtown Baltimore | $1,636 |
| Fallstaff | $1,574 |
| Mount Vernon | $1,525 |
| Cheswolde | $1,493 |
| Westgate | $1,461 |
| Beechfield | $1,434 |
| Franklintown | $1,416 |
| Loch Raven | $1,403 |
| University of Maryland | $1,392 |
| Cylburn | $1,389 |
| Oldtown | $1,368 |
| Wakefield | $1,337 |
| Glen | $1,321 |
| Rosemont East | $1,306 |
| Madison Park | $1,280 |
| Brooklyn | $1,275 |
| Lakeland | $1,274 |
| New Northwood | $1,261 |
| Hamilton Hills | $1,255 |
| West Forest Park | $1,172 |
| Ten Hills | $1,162 |
| Central Park Heights | $1,109 |
| Pen Lucy | $1,086 |
| Reservoir Hill | $1,064 |
| Glenham - Belhar | $1,063 |
| Irvington | $1,054 |
| East Arlington | $1,041 |
| Woodbourne Heights | $1,041 |
| Frankford | $1,013 |
| West Hills | $995 |
Baltimore City | Rent Comparison by Neighborhood
Rent in Inner Harbor is 85% higher than in Beechfield
Inner Harbor rent is the same as Baltimore City average
Beechfield rent is 46% lower than Baltimore City average
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Inner Harbor apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.