Baltimore Multifamily Market Report – August 2025

Market Overview

‍The multifamily market in the Baltimore metro ended Q2 2025 with average asking rent at $1,760 per unit, up 1.6% year-over-year and ahead of the national average. Occupancy climbed to 95.0%, also outperforming the U.S. benchmark. Supply remains moderate with just 1,232 new units added year-to-date, supporting a steady balance between demand and inventory.

‍About Yardi Matrix

‍Yardi Matrix is a leading research and analytics firm specialising in multifamily housing markets. Their Baltimore market report aggregates data on rents, occupancy, supply and investment trends to help owners, developers and investors evaluate timing, strategic positioning and risk. To read the full report, click here.