RentData

Average Rent in Talbot County, MD Rents rising 0.9% YoY

HUD FY2025 · Official government data · Updated annually · Metro pop. 37,707

Data review: HUD FY2025Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

Market Overview

Talbot County, MD has rental prices ranging from $1,210/month to $2,338/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $1,257/month — 10% below the national average of $1,400/month. With a median household income of $84,378/year, spending $1,257/month on a 1-bedroom represents 18% of gross income — within the recommended 30% threshold.

How Talbot County Compares

With an average 2-bedroom rent of $1,392/month, Talbot County ranks #4 most expensive of the 12 cities tracked in Maryland — pricier than 89% of all US cities in our data.

The Talbot County Rental Market

The Talbot County, MD area has a population of about 37,707 and 27% 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 Talbot County, MD have risen by $12/month (0.9%) over the past year, from $1,380 to $1,392. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Talbot County, MD without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $50,280. The local median household income of $84,378 exceeds that threshold by $34,098, making Talbot County relatively accessible compared to local wages.

Economy & Jobs

Talbot County, MD has an unemployment rate of 3.8%, 0.1 percentage points below the national average of 3.9%. Strong employment conditions typically sustain rental demand, as workers relocate to the area and local residents maintain stable housing.

Fair Market Rents

HUD FY2025
Studio
$1,210
Affordable
1 Bedroom
$1,257
Affordable
2 Bedrooms
$1,392
0.9% YoY
Affordable
3 Bedrooms
$1,951
Affordable
4 Bedrooms
$2,338
Average
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Is Talbot County, MD Affordable?

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

Affordability Index(30% income rule)

To rent a 2BR
$55,680/year
Local median income: $84,378
To buy a median home
/year
US national median: $75,000
💡 Based on a 2BR rent of $1,392/month and 20% down on a home at 7% rate.

Nearby Cities in MDlargest metros in the state

CityStudio1BR2BR3BRHome Value
Baltimore$1,407$1,604$1,965$2,529
Hagerstown$852$947$1,242$1,711
Salisbury$1,129$1,136$1,491$1,969
Cumberland$655$747$933$1,226
Worcester County$1,109$1,150$1,276$1,788
Caroline County$981$987$1,295$1,688

Rent or Buy in Talbot County?

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

Should I Rent or Buy?

Break-even analysis using real Talbot County data

$
Home Value
$350,000
2BR Rent
$1,392/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $2,577/movs rent: $1,392/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Talbot County

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

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Frequently Asked Questions

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🏘️Neighborhoods in Talbot County

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💵Rent Affordability in Talbot County

Salary needed to afford rent here

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📋MD Tenant Rights

Deposit limits, eviction laws & renters protections