$9,995 Per Month
- 3 Beds
- 3 Baths
- 3,610 Sq Ft
- Condo for Rent
147 Waterfront St Unit 402, Oxon Hill, MD 20745
147 Waterfront St Unit 402, Oxon Hill, MD 20745
Frequently Asked Questions
How much does it cost to rent a condo in Oxon Hill, MD?
The median rent for a condo in Oxon Hill, MD is $2,564 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 Oxon Hill, MD?
To comfortably afford the median rent in Oxon Hill, MD, a household needs to earn roughly $104,200 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 $2,605 per month in Oxon Hill, MD, renters typically need to show $7,815 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 Oxon Hill, MD?
In Oxon Hill, MD, the price-to-rent ratio is 12.1, 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 Oxon Hill, MD are best for renting a condo?
The best neighborhood for renting in Oxon Hill, MD depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Washington Highlands, Bellevue, Congress Heights, Shipley Terrace and Old Town, each with its own character and price range.
