5+ Days Ago
Location
505 Penguin Dr, Ocean City, MD 21842, USA
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Amenities for 505 Penguin Dr
Apartment Amenities
| Carpet | Ceiling Fan |
| Central Air |
Appliances
| Dishwasher | In-Unit Laundry |
Building
| Exterior Type: Brick | Exterior Type: Frame |
Other
| Ceiling Fans | Exterior Type: Vinyl Siding |
| Heat Pump Heating | Roof Type: Asphalt |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
No pets allowed.
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About 505 Penguin Dr
Property Status: Active Waterfront Townhome Rental - Off-Season Special! Enjoy serene canal-side living in this charming townhome on the water in Ocean City! Perfect for the off-season, available now through April 30th. Features: Price: $2,100/month Private boat slip - can be rented separately 2 bedrooms, 2 baths - spacious and comfortable Electric and cable - tenant responsibility Water and WiFi - covered by landlord No smoking & no pets allowed ðŸšÂÂ� Direct access to the water - perfect for boating and relaxation Location: Just minutes from the beach �� Close to restaurants, shopping, and local attractions ��� This is an ideal spot for anyone looking to enjoy peaceful waterfront living during the off-season. Don't miss out! Homeowner has Outdoor Security Cameras at the home. More Photo's Coming Office Phone: (888) 536-0216 Copyright © 2025 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Source: LONGANDFOSTER|MLS Listing No. MDWO2033132
Address details
| Zip code | 21842 |
|---|---|
| Type | House for rent |
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Rent trends in Ocean City
2-bedroom apartments at 505 Penguin Dr cost about 40% more than the average rent price for 2-bedroom apartments in Ocean City.
Median rents as of Sep 6 2025.
Ocean City
| Month | Median Rent |
|---|---|
| September 2023 | $1,400 |
| October 2023 | $1,481 |
| November 2023 | $1,386 |
| December 2023 | $1,264 |
| January 2024 | $1,500 |
| February 2024 | $2,000 |
| March 2024 | $2,060 |
| April 2024 | $2,068 |
| May 2024 | $2,200 |
| June 2024 | $2,200 |
| July 2024 | $2,162 |
| August 2024 | $1,960 |
| September 2024 | $1,787 |
| October 2024 | $1,678 |
| November 2024 | $1,660 |
| December 2024 | $1,612 |
| January 2025 | $1,643 |
| February 2025 | $1,681 |
| March 2025 | $1,815 |
| April 2025 | $2,250 |
| May 2025 | $2,400 |
| June 2025 | $2,500 |
| July 2025 | $2,100 |
| August 2025 | $1,500 |
| September 2025 | $1,500 |
Affordability calculator
Can I afford to live at 505 Penguin Dr?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$84,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $84,000 annually to afford this 2-bedrooms monthly rent price of $2,100.
For more information on rent affordability, visit our rent calculator.
Schools near 505 Penguin Dr
Ocean City Elementary School
12828 center dr
ocean city, MD, 21842
PK, K-4Public
A
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Internet available near 505 Penguin Dr
Neighborhood
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Ocean City near 505 Penguin Dr
Walking
2/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
4/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
0/10
FYI, there are little to no public transit options within walking distance.
Points of interest for 505 Penguin Dr, Ocean City
Groceries
7/10
At least one supermarket within a 15-minute walk
Shopping
4/10
Several shops within walking distance
Cafes
3/10
Some cafés within walking distance
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
5/10
At least one elementary school within a 20-minute walk
High schools
3/10
At least one high school within a 30-minute walk
Nightlife
2/10
Some bars within walking distance
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