84 Cheap Apartments for rent in Gaithersburg, MD

Last updated August 17 at 1:39am UTC
Spectrum Paramount
230 Spectrum Ave
Gaithersburg, MD
Updated August 17 at 12:20am UTC
Studio
$1,409
1 Bedroom
$1,478
2 Bedrooms
$1,814
Spectrum Majestic
116 Paramount Park Drive
Gaithersburg, MD
Updated August 17 at 1:39am UTC
Studio
$1,342
1 Bedroom
$1,393
2 Bedrooms
$1,829
Cadence at Crown
113 Ellington Blvd
Gaithersburg, MD
Updated August 16 at 6:10pm UTC
Studio
$1,467
1 Bedroom
$1,697
2 Bedrooms
$1,440
458 GIRARD STREET
Gaithersburg
Gaithersburg, MD
Updated August 15 at 6:48am UTC
1 Bedroom
$700
18403 GUILDBERRY DRIVE
Gaithersburg
Gaithersburg, MD
Updated August 13 at 10:20am UTC
1 Bedroom
$1,250
8201 WHISPERING OAKS WAY
Gaithersburg
Gaithersburg, MD
Updated August 13 at 10:20am UTC
2 Bedrooms
$1,375
860 Quince Orchard Blvd T1
Gaithersburg
Gaithersburg, MD
Updated August 12 at 9:33am UTC
2 Bedrooms
$1,400
9203 BROADWATER DRIVE
Gaithersburg
Gaithersburg, MD
Updated August 3 at 10:05am UTC
1 Bedroom
$950
502 PHILMONT DR #7
Gaithersburg
Gaithersburg, MD
Updated August 14 at 2:25pm UTC
2 Bedrooms
$1,400
7635 LAYTONIA DRIVE
Gaithersburg
Gaithersburg, MD
Updated August 13 at 10:23am UTC
3 Bedrooms
$435
3 MELMARK COURT
Gaithersburg
Gaithersburg, MD
Updated August 11 at 10:42am UTC
2 Bedrooms
$1,290
Results within 1 miles of Gaithersburg, MD
19480 BRASSIE PLACE
Gaithersburg
Gaithersburg, MD
Updated August 8 at 6:45am UTC
2 Bedrooms
$1,250

August 2018 Gaithersburg Rent Report

Welcome to the August 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

August 2018 Gaithersburg Rent Report

Welcome to the August 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 increased significantly over the past month

Gaithersburg rents have increased 0.5% over the past month, and are up marginally by 0.6% in comparison to the same time last year. Currently, median rents in Gaithersburg stand at $1,530 for a one-bedroom apartment and $1,770 for a two-bedroom. This is the fifth 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 0.7%, as well as the national average of 1.2%.

Rents rising across the DC Metro

Throughout the past year, rent increases have been occurring not just in the city of Gaithersburg, but across the entire metro. Of the largest 10 cities that we have data for in the DC metro, 8 of them have seen prices rise. 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 $1,550; the city has also experienced the fastest rent growth in the metro, with a year-over-year increase of 3.7%.
  • Over the past year, Centreville has seen the biggest rent drop in the metro, with a decline of 1.4%. Median two-bedrooms there cost $1,880, while one-bedrooms go for $1,630.
  • Bethesda has the most expensive rents of the largest cities in the DC metro, with a two-bedroom median of $2,460; rents increased 0.5% over the past month and 2.7% over the past year.

Many large cities nationwide show more affordable rents compared to Gaithersburg

As rents have increased marginally in Gaithersburg, large cities nationwide have seen rents grow more quickly. Compared to most large cities across the country, Gaithersburg is less affordable for renters.

  • While Maryland as a whole logged rent growth of 0.7% over the past year, other cities across the state have seen rents decline moderately. For example, rents have fallen by 1.6% in Baltimore.
  • Gaithersburg's median two-bedroom rent of $1,770 is above the national average of $1,180. Nationwide, rents have grown by 1.2% over the past year compared to the 0.6% rise in Gaithersburg.
  • While Gaithersburg's rents rose marginally over the past year, some cities nationwide saw decreases, including Seattle (-2.4%) and Chicago (-1.8%).
  • 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 more than 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 $1,550 0.8% 0.2%
Arlington $1,810 $2,090 0.7% 1.4%
Alexandria $1,590 $1,830 0.2% 0.7%
Germantown $1,690 $1,950 -0.3% 1.2%
Silver Spring $1,520 $1,760 0.7% 1.8%
Centreville $1,630 $1,880 1.0% -1.4%
Waldorf $1,720 $1,990 -0.6% 3.1%
Frederick $1,340 $1,550 0.7% 3.7%
Rockville $1,730 $1,990 0.9% -0.3%
Bethesda $2,130 $2,460 0.5% 2.7%
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.