Average Rent in Hagerstown, MD↑ Rents rising 1.4% YoY

Hagerstown, MD has rental prices ranging from $852/month to $1,902/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $947/month — 32% below the national average of $1,400/month. With a median household income of $75,473/year, spending $947/month on a 1-bedroom represents 15% of gross income — within the recommended 30% threshold.

How Hagerstown Compares

With an average 2-bedroom rent of $1,242/month, Hagerstown ranks #9 most expensive of the 12 cities tracked in Maryland — pricier than 84% of all US cities in our data.

The Hagerstown Rental Market

The Hagerstown, MD area has a population of about 298,525 and 29% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Hagerstown, MD have risen by $17/month (1.4%) over the past year, from $1,225 to $1,242. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Hagerstown, MD without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $37,880. The local median household income of $75,473 exceeds that threshold by $37,593, making Hagerstown relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Hagerstown, MD is $304,072, giving a price-to-rent ratio of 20.4. With a break-even horizon of approximately 20 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Is Hagerstown, MD Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Hagerstown?

Break-even analysis and mortgage estimates based on local market data.

Living in Hagerstown

Cost of living, job market, crime rates, and moving cost estimates.