Real Estate
How Reston Rent Prices Increased Over Last Year: July Update
The percentage increases for rent since last year were higher for one bedroom rather than larger units, according to Rent.com's listings.
RESTON, VA — Summer is usually the peak season for moving in and out of rented apartments as college graduates advance to new jobs and families move to new school districts. Renters looking for a place in the Baltimore-Washington region this summer will find year-over-year prices have increased, according to data from listing website Rent.com.
The year-over-year analysis looks at rent price trends for studios, one bedrooms, two bedrooms and three bedrooms. A spokesperson for Rent.com noted the rent price comparisons show which unit types and which cities are becoming more affordable or expensive for renters. Average prices are up to date as of July 12.
Rent prices have increased over the last year in Reston for studios and one bedrooms but decreased for two and three bedrooms. The most pronounced change was for one bedrooms, with the average price of $2,617 based on real-time data from Rent.com listings. The average price of a studio on Rent.com is $2,210, a 5 percent increase.
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Larger units saw decreases of — 1 percent for a two bedroom ($2,799) and 5 percent for a three bedroom ($2,879).
Here are the highest year-to-year percentage increases among communities in the DC-Baltimore metro area, based on Rent.com's real-time data:
Find out what's happening in Restonwith free, real-time updates from Patch.
Studios
- Columbia, Maryland: $2,550, 44 percent increase
- Falls Church, Virginia: $1,540, 23 percent increase
- Baltimore, Maryland: $1,628, 22 percent increase
- Towson, Maryland: $1,550, 20 percent increase
- Fairfax, Virginia: $2,082, 18 percent increase
One bedrooms
- Reston, Virginia: $2,617, 19 percent increase
- Manassas, Virginia: $1,947, 18 percent increase
- Frederick, Maryland: $1,767, 17 percent increase
- Towson, Maryland: $1,797, 16 percent increase
- Bethesda, Maryland: $2,458, 14 percent increase
- Fairfax, Virginia: $2,157, 14 percent increase
Two bedrooms
- Gaithersburg, Maryland: $2,612, 41 percent increase
- Frederick, Maryland: $2,038, 29 percent increase
- Manassas, Virginia: $2,233, 19 percent increase
- Fairfax, Virginia: $2,663, 18 percent increase
- Rockville, Maryland: $2,730, 15 percent increase
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