Baltimore, Maryland Short-Term Rental Market
Baltimore STRs averaged $163/night at 57.6% occupancy in April 2026 across 5,129 active listings.
Quick Answer: Baltimore, Maryland is an active short-term rental market. average occupancy in the Baltimore market area is 64%. average monthly revenue in the Baltimore market area is $3,486. average daily rate in the Baltimore market area is $194. the top operator in the Baltimore market area is Evolve with 89 listings. market score is 62/100 (grade C).
Market data reflects the wider Baltimore market, which covers 8 areas. Regulations, taxes, and permit details below are specific to Baltimore.
Market Score Breakdown
Five dimensions StaySTRA evaluates per market.
Market Overview
The Baltimore STR market recorded an average daily rate of $162.91 and occupancy of 57.6% in April 2026, generating average monthly revenue of $2,542 per listing. RevPAR came in at $93.85. The market carries a total market score of 62.0 out of 100, with investability at 68.6 and rental demand at 62.8.
The listing inventory spans 5,129 active units. Entire-place listings account for 3,695 (72.0% of supply), followed by 1,431 private rooms and 3 shared rooms. By bedroom count, 1-bedroom units dominate at 2,487, followed by 2-bedroom (1,075), 3-bedroom (835), 4-bedroom (462), and 5-bedroom-plus (259). Airbnb-only listings account for 3,272 units, while 1,561 operators list on both Airbnb and VRBO, and 296 are VRBO-only.
Year-over-year as of April 2026, occupancy declined 4.65 percentage points, ADR edged up 1.73%, and average monthly revenue rose 1.47%. The longer-term trend shows 2025 annual averages of 57.3% occupancy, $164 ADR, and $2,635 monthly revenue, up from 2019 levels of 58.5% occupancy, $112 ADR, and $1,738 revenue.
Seasonal Patterns
| Month | Occupancy |
|---|---|
| Jan | 48% |
| Feb | 57% |
| Mar | 59% |
| Apr | 60% |
| May | 64% |
| Jun | 66% |
| Jul | 65% |
| Aug | 64% |
| Sep | 60% |
| Oct | 58% |
| Nov | 54% |
| Dec | 53% |
Month-by-month nightly rates and revenue figures for Baltimore are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Top Short-Term Rental Operators in Baltimore market area
Ranked by total active listings. Useful for understanding the competitive landscape. Operator data is published for the Baltimore market as a whole, which includes Baltimore, so these counts are not Baltimore-only figures.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Evolve | 89 | 2,367 | ★ 4.32 |
| 2 | ITrip Vacations | 79 | 2,400 | ★ 4.90 |
| 3 | Vacasa | 31 | 503 | ★ 4.70 |
| 4 | PMI Annapolis Property Management Company | 28 | 687 | ★ 4.91 |
| 5 | Professional Tourist | 24 | 349 | ★ 3.90 |
What Kind of STR Should I Buy in Baltimore?
Revenue and nightly-rate breakdowns by bedroom count, property tier, and dwelling type for Baltimore are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 63.8% |
| vrbo | 5.8% |
| both | 30.4% |
Home Value Trends (Baltimore)
Typical home values, median sale prices, and the 10-year price trend for Baltimore are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Insights
Booking-window and length-of-stay analysis for Baltimore — how far ahead guests book and how to price around it — is available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Short-Term Rental Regulations
Baltimore City requires all short-term rentals (defined as rentals under 90 consecutive nights) to hold a Short-Term Residential Rental License under City Code Article 15, Subtitle 48 (Ordinance 19-217). The license costs $200 and is valid for two years. The property must be the host’s principal residence, deeded in an individual’s name (not a company or LLC), and free of outstanding code violations.
Hosted STRs (owner on-site during guest stays) may apply for new licenses or renewals. Unhosted STRs are a closed category: existing license holders may renew, but no new unhosted licenses are being issued. A host may hold a maximum of two licenses total. A $1,000,000 liability insurance policy is required. Hosts must notify immediate neighbors and provide contact information.
Baltimore’s Hotel Room Tax of 9.5% plus Maryland’s 6% state sales tax applies to short-term rental stays. Airbnb collects and remits these taxes on behalf of hosts. Noncompliance can result in fines up to $500 per violation, license revocation, and up to 10 days’ imprisonment. Enforcement is rated strict, with platforms required to report unlicensed listings. Effective January 1, 2026, Baltimore’s Strengthening Renters’ Safety Act introduced stricter inspection and enforcement requirements applicable to all rental types including STRs.
Market Comparison
Baltimore’s 57.6% occupancy in April 2026 is slightly above the US STR market median of approximately 55%, while its $162.91 ADR is well below the national median of around $220. This positions Baltimore as a volume-driven market where yield comes from relatively low entry costs rather than rate premiums. The 15.9% estimated gross yield significantly exceeds most coastal gateway cities.
Year-over-year, occupancy declined 4.65 percentage points against a backdrop of softening urban STR demand nationally. Revenue growth of 1.47% reflects a market treading water on ADR gains while absorbing occupancy pressure.
The top property managers by listing count are Evolve (89 listings, 2,367 reviews, 4.32 rating), ITrip Vacations (79 listings, 2,400 reviews, 4.90 rating), and Vacasa (31 listings, 503 reviews, 4.70 rating). The top 3 operators manage 199 listings combined, or approximately 3.9% of the 5,129-listing market, indicating a highly fragmented supply base.
Frequently Asked Questions About Baltimore, Maryland
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