$4,500 Per Month
- 3 Beds
- 2 Baths
- 1,098 Sq Ft
- House for Rent
402 Elm Ave, Takoma Park, MD 20912
402 Elm Ave, Takoma Park, MD 20912
Frequently Asked Questions
How much does it cost to rent a single-family home in Takoma Park, MD?
The median rent for a single-family home in Takoma Park, MD is $3,050 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 Takoma Park, MD?
To comfortably afford the median rent in Takoma Park, MD, a household needs to earn roughly $61,000 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 $1,525 per month in Takoma Park, MD, renters typically need to show $4,575 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 Takoma Park, MD?
In Takoma Park, MD, the price-to-rent ratio is 38.3, 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 Takoma Park, MD are best for renting a single-family home?
The best neighborhood for renting in Takoma Park, MD depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a single-family home include Silver Spring Park, Manor Park, Lewisdale, Petworth and 16th Street Heights, each with its own character and price range.
