Maryland rental costs trend above national average, begin to level out in 2023

Housing rental costs in Maryland have been above the national average since at least 2018. Even as average rents started to level out in January and February of this year, rents in Maryland are still above the national average. Rents were relatively stagnant before the COVID-19 pandemic, but spiked with pandemic inflation. In 2023, rents appear to be balancing with the help of disinflation and some local legislation. 2023 data is current through February of this year.