Rent in Cheltenham, MD
A 2-bedroom in Cheltenham, MD (ZIP 20623) typically rents for about $2,690 a month, with a range of $2,438–$2,690. Owner-occupied homes in Prince George's County pay about 1.12% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $2,330 | $2,111–$2,330 | 1 |
| 1 bed | $2,440 | $2,204–$2,440 | 1 |
| 2 beds | $2,690 | $2,438–$2,690 | 1 |
| 3 beds | $3,430 | $3,107–$3,430 | 1 |
| 4 beds | $4,050 | $3,658–$4,050 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026) and HUD county Fair Market Rents (Oct 1, 2026).
Cheltenham ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Cheltenham, MD?
- About $2,690 a month: the median of the typical rents in 1 ZIP code, which range from $2,438–$2,690. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Cheltenham, MD?
- About $2,440 a month: the median of the typical rents in 1 ZIP code, which range from $2,204–$2,440. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Cheltenham, MD?
- About $3,430 a month: the median of the typical rents in 1 ZIP code, which range from $3,107–$3,430. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Cheltenham, MD?
- About $2,330 a month: the median of the typical rents in 1 ZIP code, which range from $2,111–$2,330. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Cheltenham, MD?
- About $4,050 a month: the median of the typical rents in 1 ZIP code, which range from $3,658–$4,050. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Cheltenham, MD?
- Owner-occupied homes in Prince George's County pay a typical 1.12% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Cheltenham rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026) and HUD county Fair Market Rents (Oct 1, 2026).