Apartments & Homes for Rent in Derwood, MD

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What to Know About

Life in Derwood & Beyond

Derwood shares many of the great qualities that make Maryland a desirable place to live.

Maryland, known as the "Old Line State," is a unique blend of historic charm and stunning scenery. With a rich colonial heritage and breathtaking landscapes, Maryland is a feast for the senses. Explore iconic landmarks such as the Chesapeake Bay and the Inner Harbor, the historic city of Annapolis, and historic sites like Fort McHenry, the birthplace of the American National Anthem. Major universities in the state include the University of Maryland, Johns Hopkins University, and Towson University, providing a solid educational foundation for students.

The state is also home to the Baltimore Ravens (NFL) and Baltimore Orioles (MLB), providing ample opportunities for sports enthusiasts. In addition, adventurers can enjoy outdoor recreational activities, including boating on the Chesapeake Bay, fishing, and hiking in parks like Assateague Island National Seashore and Patapsco Valley State Park. In addition, explore famous attractions like the National Aquarium, Oriole Park at Camden Yards, Pimlico Race Course, and the Maryland Science Center.

From the Chesapeake Bay to the Appalachian Mountains, Maryland has something for everyone to enjoy, and the state's strong economy and high quality of life make it an ideal place to call home.

Rental Market Trends

Derwood, MD

As of April 2025, Derwood's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Derwood's average rent is 32.2% ($601) higher than the Maryland average of $1,868 and 37.2% ($670) higher than the U.S. average of $1,799.

Average Rent
$2,469
Monthly ChangeMonth Over Month Change
Increased1.3% ($31)
Yearly ChangeYear Over Year Change
Decreased0.8% ($21)
Avg. Days on MarketAverage Days on Market
29
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,988 Decreased2.5% ($52) Increased8.8% ($161)
2 Beds $2,323 Decreased16.9% ($472) Decreased11.5% ($303)
3 Beds $3,043 Decreased3.5% ($111) Decreased21.9% ($855)
Nearby Cities Average Rent Avg. Rent vs. DerwoodAverage Rent vs. Derwood Avg. Days on MarketAverage Days on Market
Gaithersburg $1,991 Decreased19.4% ($478) 32 days
Montgomery Village $1,991 Decreased19.4% ($478) 29 days
Olney $2,510 Increased1.7% ($41) 32 days
Rockville $2,342 Decreased5.1% ($127) 32 days
Germantown $2,164 Decreased12.4% ($305) 26 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Derwood Rental Market FAQs

Explore rental prices, market trends, and availability in Derwood, MD.

The average rent in Derwood, MD is $2,469 per month.
Homes in Derwood typically rent for between $1,392 and $3,956 per month, with an average of $2,469 per month.
In Derwood, the average rent for a 1-bedroom home is $1,988 per month, for a 2-bedroom home, $2,323 per month, and a 3-bedroom home is $3,043 per month.
The average rent in Derwood is 37.2% ($670) higher than the national average of $1,799 per month.
The average rent in Derwood has increased by 1.3% ($31) in the last month and decreased by 0.8% ($21) over the past year.
The rental market in Derwood, MD, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Derwood, MD, the average rental stays on the market for approximately 29 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 4 rental properties available in Derwood, MD.
Based on the current averages, a household would need an annual income of $92,920 to comfortably afford a 2-bedroom home in Derwood.
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