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Financial Instruments and Derivatives - Additional Information (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended
Mar. 31, 2024
Dec. 31, 2023
Derivative [Line Items]    
Preferred Stock, Redemption Price Per Share [1] $ 50  
Preferred Stock, Redemption Date Oct. 01, 2026  
Variable Rate Commercial Paper Program [Member]    
Derivative [Line Items]    
Debt instruments Carrying Value $ 235.0 $ 495.0
Variable Rate Commercial Paper Program $ 235.0 495.0
Variable Rate Commercial Paper Program [Member] | Maximum [Member]    
Derivative [Line Items]    
Debt Renewal Period 30 days  
Designated as Hedging Instrument    
Derivative [Line Items]    
Realized losses associated with terminated interest rate swaps that were designated as cash flow hedging instruments $ 8.4  
Designated as Hedging Instrument | Interest Expense    
Derivative [Line Items]    
Change in fair value of interest rate derivatives included in AOCI and expected to be reclassified in the next 12 months 1.8  
Fair Value, Measurements, Recurring [Member]    
Derivative [Line Items]    
Embedded Derivative, Fair Value of Embedded Derivative Asset 45.0 31.9
Fixed Rate Debt [Member]    
Derivative [Line Items]    
Notes Payable Excluding Interest Rate Swaps and Cap Agreements 4,400.0 4,000.0
Notes Payable, Fair Value Disclosure $ 4,000.0 $ 3,700.0
[1] The redemption price is the price at which the preferred stock is redeemable, at MAA’s option, for cash.