161 Apartments under 1200 for rent in Gaithersburg, MD

Last updated November 18 at 6:12pm UTC
9900 HELLINGLY PLACE
Gaithersburg
Gaithersburg, MD
Updated November 11 at 2:27am UTC
1 Bedroom
$1,175
7905 Coriander Drive
Gaithersburg
Gaithersburg, MD
Updated November 8 at 11:31am UTC
1 Bedroom
$1,150
7902 BADENLOCH WAY
Gaithersburg
Gaithersburg, MD
Updated November 18 at 5:42pm UTC
1 Bedroom
$1,100
232 MAIN STREET
Gaithersburg
Gaithersburg, MD
Updated November 11 at 2:23am UTC
Studio
$1,099
18334 STREAMSIDE DRIVE
Gaithersburg
Gaithersburg, MD
Updated November 11 at 2:23am UTC
1 Bedroom
$1,025
Results within 5 miles of Gaithersburg, MD
12407 HICKORY TREE WAY
Germantown
Germantown, MD
Updated November 11 at 2:23am UTC
2 Bedrooms
$1,150
11410 STONEWOOD LANE
Rockville
Rockville, MD
Updated November 18 at 5:40pm UTC
1 Bedroom
$1,100
Results within 10 miles of Gaithersburg, MD
18525 Clovercrest Circle
Olney
Olney, MD
Updated October 28 at 11:01am UTC
1 Bedroom
$600
1111 UNIVERSITY BOULEVARD
Wheaton-Glenmont
Silver Spring, MD
Updated November 11 at 2:34am UTC
1 Bedroom
$1,195
72 INKBERRY CIR
Gaithersburg
Gaithersburg, MD
Updated November 4 at 9:33am UTC
1 Bedroom
$1,100
21405 RABBITS GLEN COURT
Germantown
Germantown, MD
Updated November 11 at 2:34am UTC
4 Bedrooms
$800
13010 SHADYSIDE LANE
Germantown
Germantown, MD
Updated November 3 at 3:07am UTC
1 Bedroom
$1,100
Results within 20 miles of Gaithersburg, MD
309 LYRIC LANE
Silver Spring
Silver Spring, MD
Updated November 11 at 2:33am UTC
1 Bedroom
$1,095
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November 2017 Gaithersburg Rent Report

Welcome to the November 2017 Gaithersburg Rent Report. In this report, we'll evaluate trends in the Gaithersburg rental market, including comparisons to cities throughout the metro, state, and nation.

View full Gaithersburg Rent Report
Rent Report
Gaithersburg

November 2017 Gaithersburg Rent Report

Welcome to the November 2017 Gaithersburg Rent Report. In this report, we'll evaluate trends in the Gaithersburg rental market, including comparisons to cities throughout the metro, state, and nation.

Gaithersburg rents declined marginally over the past month

Gaithersburg rents have declined 0.2% over the past month, but have been relatively flat in comparison to the same time last year. Currently, median rents in Gaithersburg stand at $1,500 for a one-bedroom apartment and $1,730 for a two-bedroom. This is the third straight month that the city has seen rent decreases after an increase in July. Gaithersburg's year-over-year rent growth lags the state average of 1.4%, as well as the national average of 2.7%.

Rents rising across the DC Metro

While rents have remained steady in the city of Gaithersburg throughout the past year, cities across the metro have seen a different trend. Rents have risen in 6 of of the largest 10 cities in the DC metro for which we have data. Here's a look at how rents compare across some of the largest cities in the metro.

  • Frederick has the least expensive rents in the DC metro, with a two-bedroom median of $1,480; the city has also experienced the fastest rent growth in the metro, with a year-over-year increase of 2.4%.
  • Over the past year, Waldorf has seen the biggest rent drop in the metro, with a decline of 1.3%. Median two-bedrooms there cost $1,960, while one-bedrooms go for $1,700.
  • Bethesda has the most expensive rents of the largest cities in the DC metro, with a two-bedroom median of $2,390; rents decreased 0.5% over the past month and 0.4% over the past year.

Many large cities nationwide show more affordable rents compared to Gaithersburg

Rent growth in Gaithersburg has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Compared to most large cities across the country, Gaithersburg is less affordable for renters.

  • Other cities across the state have seen rents moderately increase, with Maryland as a whole logging rent growth of 1.4% over the past year. For example, rents have grown by 2.5% in Baltimore.
  • Gaithersburg's median two-bedroom rent of $1,730 is above the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the stagnant growth in Gaithersburg.
  • While rents in Gaithersburg remained moderately stable this year, similar cities saw increases, including Seattle (+4.2%), Los Angeles (+3.9%), and Atlanta (+2.4%); note that median 2BR rents in these cities go for $1,690, $1,730, and $1,170 respectively.
  • Renters will generally find more expensive prices in Gaithersburg than most large cities. For example, Philadelphia has a median 2BR rent of $1,160, where Gaithersburg is nearly one-and-a-half times that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Washington, DC $1,340 $1,540 -0.5% -0.6%
Arlington $1,760 $2,030 -0.9% 0.6%
Alexandria $1,560 $1,800 -0.4% 0.1%
Germantown $1,640 $1,890 -0.8% 0.1%
Silver Spring $1,500 $1,740 -0.8% 0.4%
Centreville $1,590 $1,840 -1.5% -1.2%
Waldorf $1,700 $1,960 0.7% -1.3%
Frederick $1,290 $1,480 -0.1% 2.4%
Rockville $1,710 $1,970 -0.6% 1.3%
Bethesda $2,070 $2,390 -0.5% -0.4%
See more

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.