Landlord Resources
How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
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What to Know About
Life in Takoma Park & Beyond
Takoma Park shares many of the great qualities that make Maryland a desirable place to live.
Maryland, known as the "Old Line State," is a unique blend of historic charm and stunning scenery. With a rich colonial heritage and breathtaking landscapes, Maryland is a feast for the senses. Explore iconic landmarks such as the Chesapeake Bay and the Inner Harbor, the historic city of Annapolis, and historic sites like Fort McHenry, the birthplace of the American National Anthem. Major universities in the state include the University of Maryland, Johns Hopkins University, and Towson University, providing a solid educational foundation for students.
The state is also home to the Baltimore Ravens (NFL) and Baltimore Orioles (MLB), providing ample opportunities for sports enthusiasts. In addition, adventurers can enjoy outdoor recreational activities, including boating on the Chesapeake Bay, fishing, and hiking in parks like Assateague Island National Seashore and Patapsco Valley State Park. In addition, explore famous attractions like the National Aquarium, Oriole Park at Camden Yards, Pimlico Race Course, and the Maryland Science Center.
From the Chesapeake Bay to the Appalachian Mountains, Maryland has something for everyone to enjoy, and the state's strong economy and high quality of life make it an ideal place to call home.
Rental Market Trends
Takoma Park, MD
As of June 2026, Takoma Park's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Takoma Park's average rent is 9.4% ($178) lower than the Maryland average of $1,884 and 5.1% ($91) lower than the U.S. average of $1,797.
Average Rent
$1,706
Monthly ChangeMonth Over Month Change
4.1% ($67)
Yearly ChangeYear Over Year Change
1.8% ($32)
Avg. Days on MarketAverage Days on Market
31
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,410 | 0.1% ($2) | 5.1% ($76) |
| 2 Beds | $1,723 | 1.8% ($31) | 2.1% ($37) |
| 3 Beds | $2,022 | 2.6% ($51) | 0.8% ($16) |
| Nearby Cities | Average Rent | Avg. Rent vs. Takoma ParkAverage Rent vs. Takoma Park | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Silver Spring | $1,738 | 1.9% ($32) | 27 days |
| Hyattsville | $1,769 | 3.7% ($63) | 28 days |
| Chevy Chase | $3,217 | 88.6% ($1511) | 26 days |
| College Park | $2,017 | 18.2% ($311) | 27 days |
| Brentwood | $1,570 | 8% ($136) | 30 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Takoma Park Rental Market FAQs
Explore rental prices, market trends, and availability in Takoma Park, MD.
The average rent in Takoma Park, MD is $1,706 per month.
Houses in Takoma Park typically rent for between $987 and $2,629 per month, with an average of $1,706 per month.
In Takoma Park, the average rent for a 1-bedroom house is $1,410 per month, for a 2-bedroom house, $1,723 per month, and a 3-bedroom house is $2,022 per month.
The average rent in Takoma Park is 5.1% ($91) lower than the national average of $1,797 per month.
The average rent in Takoma Park has increased by 4.1% ($67) in the last month and decreased by 1.8% ($32) over the past year.
The rental market in Takoma Park, MD, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Takoma Park, MD, the average rental stays on the market for approximately 31 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 15 rental properties available in Takoma Park, MD.
Based on the current averages, a household would need an annual income of $68,920 to comfortably afford a 2-bedroom house in Takoma Park.
