$2,360 Per Month
- 1 Bed
- 1 Bath
- 761 Sq Ft
- Condo for Rent
4851 Ellin Rd Unit G03, Hyattsville, MD 20784
4851 Ellin Rd Unit G03, Hyattsville, MD 20784
Frequently Asked Questions
How much does it cost to rent a condo in Lanham, MD?
The median rent for a condo in Lanham, MD is $2,499 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Lanham, MD?
To comfortably afford the median rent in Lanham, MD, a household needs to earn roughly $119,800 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,995 per month in Lanham, MD, renters typically need to show $8,985 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Lanham, MD?
In Lanham, MD, the price-to-rent ratio is 12.8, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Lanham, MD are best for renting a condo?
The best neighborhood for renting in Lanham, MD depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Goddard, Greater Landover, Old Town College Park, Deanwood and Lewisdale, each with its own character and price range.
