Apartments for Rent in Madison Park, Baltimore, MD

Madison Park, Baltimore apartment availability

Madison Park's rental market offers a good selection of listings, with an average of 26 rentals available each month in 2024. The neighborhood's inventory is relatively balanced, with 1-bedroom and 2-bedroom apartments making up the majority of listings. Many of these apartments feature desirable amenities, including in-unit laundry and hardwood floors, which are available in nearly half of the listings. Additionally, about 38% of apartments in Madison Park offer air conditioning, providing a comfortable living space for residents. With a range of options to choose from, renters can find a suitable home in this Baltimore neighborhood.

Madison Park, Baltimore rental market trends

Madison Park in Baltimore is experiencing a unique rental market trend. The average monthly rent across all property types decreased by 2.1% year-over-year to approximately $1,308 in 2024. However, this overall decline masks varying trends by bedroom count. 1-bedrooms saw a significant 9.9% increase, averaging $1,179 per month, while 2-bedrooms experienced a modest 1.5% decrease to $1,364. In contrast, 3-bedrooms and studios faced declines of 7.8% and 14.9%, respectively.

Renters should note that May is the most expensive month to rent in Madison Park, with prices 15.9% higher than in January, the least expensive month. This significant difference presents an opportunity for budget-conscious renters to find better deals during the winter months. Overall, the Madison Park rental market offers a range of options, with varying price trends depending on bedroom count and time of year.

Why Madison Park, Baltimore is a great place to live

Madison Park is a top choice for renters prioritizing social living in Baltimore. According to 2024 data, the neighborhood's restaurant scene, frequent transit options, and strong safety record contribute to its high social life score. Additionally, its well-maintained street infrastructure and high walk score make it easy to get around and connect with friends. For those seeking a vibrant community with plenty of opportunities to engage with others, Madison Park is an excellent option. Its unique blend of amenities and accessibility make it a standout neighborhood in Baltimore for social living.