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Shareholders' Equity of MAA - Schedule of Cumulative Redeemable Preferred Stock (Details) - $ / shares | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2021 | Dec. 31, 2020
Equity [Line Items] |  |  |  |
Preferred Stock, Shares Outstanding |  | 867,846 |  | 867,846
Preferred Stock, Liquidation Preference Per Share |  | $ 50.00 | [1] | $ 50.00
Preferred Stock, Redemption Date |  | Oct. 01, 2026 |  |
Preferred Stock, Redemption Price Per Share | [2] | $ 50.00 |  |
Preferred Stock, Dividend Rate, Percentage |  | 8.50% |  | 8.50%
Preferred Stock, Dividend Rate, Per-Dollar-Amount |  | $ 4.25 |  |
Redeemable Preferred Stock [Member] |  |  |  |
Equity [Line Items] |  |  |  |
Preferred Stock, Shares Outstanding |  | 867,846 |  |
[1] | The total liquidation preference for the outstanding preferred stock is $43.4 million.
[2] | The redemption price is the price at which the preferred stock is redeemable, at MAA’s option, for cash.

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- Definition The per share liquidation preference (or restrictions) of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) that has a preference in involuntary liquidation considerably in excess of the par or stated value of the shares. The liquidation preference is the difference between the preference in liquidation and the par or stated values of the share. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(d)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21484-112644 + Details
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