14 Apartments under 1200 for rent in Gaithersburg, MD

Last updated June 17 at 10:22pm UTC
7635 LAYTONIA DRIVE
Gaithersburg
Gaithersburg, MD
Updated June 10 at 9:26am UTC
3 Bedrooms
$460
18911 SMOOTHSTONE WAY
Gaithersburg
Gaithersburg, MD
Updated June 9 at 8:29am UTC
1 Bedroom
$1,195
9802 WALKER HOUSE ROAD
Montgomery Village
Montgomery Village, MD
Updated June 14 at 7:58pm UTC
1 Bedroom
$1,150
Results within 1 miles of Gaithersburg, MD
Results within 5 miles of Gaithersburg, MD
9324 vineyard haven drive
Montgomery Village
Montgomery Village, MD
Updated June 17 at 9:26am UTC
1 Bedroom
$1,100
14202 GOLDEN HOOK ROAD
Germantown
Germantown, MD
Updated June 15 at 9:54am UTC
1 Bedroom
$800
403 Horners Ln
East Rockville
Rockville, MD
Updated May 8 at 9:58am UTC
Studio
$750
3229 SAINT AUGUSTINE COURT
Olney
Olney, MD
Updated June 17 at 10:01pm UTC
1 Bedroom
$950
Results within 10 miles of Gaithersburg, MD
404 MAIN STREET
Gaithersburg
Gaithersburg, MD
Updated June 9 at 8:32am UTC
Studio
$950
19518 FETLOCK DRIVE
Germantown
Germantown, MD
Updated June 12 at 9:33am UTC
3 Bedrooms
$750

June 2018 Gaithersburg Rent Report

Welcome to the June 2018 Gaithersburg Rent Report. Gaithersburg rents increased over the past month. 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

June 2018 Gaithersburg Rent Report

Welcome to the June 2018 Gaithersburg Rent Report. Gaithersburg rents increased over the past month. In this report, we'll evaluate trends in the Gaithersburg rental market, including comparisons to cities throughout the metro, state, and nation.

Gaithersburg rents increase sharply over the past month

Gaithersburg rents have increased 0.8% over the past month, but are down slightly by 0.1% in comparison to the same time last year. Currently, median rents in Gaithersburg stand at $1,510 for a one-bedroom apartment and $1,740 for a two-bedroom. This is the third straight month that the city has seen rent increases after a decline in February. Gaithersburg's year-over-year rent growth lags the state average of 0.8%, as well as the national average of 1.5%.

Rents rising across the DC Metro

While rent prices have decreased in Gaithersburg over the past year, the rest of the metro is seeing the opposite trend. Rents have risen in 7 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.

  • Waldorf has seen the fastest rent growth in the metro, with a year-over-year increase of 4.3%. The median two-bedroom there costs $1,990, while one-bedrooms go for $1,720.
  • Over the past year, Centreville has seen the biggest rent drop in the metro, with a decline of 2.7%. Median two-bedrooms there cost $1,860, while one-bedrooms go for $1,610.
  • Frederick has the least expensive rents in the DC metro, with a two-bedroom median of $1,530; rents grew 0.7% over the past month and 3.6% over the past year.
  • Bethesda has the most expensive rents of the largest cities in the DC metro, with a two-bedroom median of $2,430; rents increased 1.0% over the past month and 0.6% over the past year.

Many large cities nationwide show more affordable rents compared to Gaithersburg

As rents have fallen slightly in Gaithersburg, many large cities nationwide have seen prices increase, in some cases substantially. Compared to most large cities across the country, Gaithersburg is less affordable for renters.

  • While Maryland as a whole logged rent growth of 0.8% over the past year, other cities across the state have seen rents decline moderately. For example, rents have fallen by 0.8% in Baltimore.
  • Gaithersburg's median two-bedroom rent of $1,740 is above the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 0.1% decline in Gaithersburg.
  • While rents in Gaithersburg fell slightly over the past year, many cities nationwide saw increases, including Atlanta (+2.0%), Los Angeles (+1.9%), and San Francisco (+1.5%).
  • Renters will generally find more expensive prices in Gaithersburg than most large cities. For example, Philadelphia has a median 2BR rent of $1,170, 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 $1,320 $1,530 0.5% -0.1%
Arlington $1,770 $2,050 1.2% 0.7%
Alexandria $1,570 $1,820 0.9% 0.4%
Germantown $1,670 $1,930 1.4% 1.8%
Silver Spring $1,520 $1,750 0.0% 2.4%
Centreville $1,610 $1,860 -0.2% -2.7%
Waldorf $1,720 $1,990 0.8% 4.3%
Frederick $1,320 $1,530 0.7% 3.6%
Rockville $1,710 $1,980 0.2% -0.2%
Bethesda $2,100 $2,430 1.0% 0.6%
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.