15 Apartments under 1200 for rent in Germantown, MD

Last updated August 17 at 12:56am UTC
Results within 1 miles of Germantown, MD
Results within 5 miles of Germantown, MD
458 GIRARD STREET
Gaithersburg
Gaithersburg, MD
Updated August 15 at 6:48am UTC
1 Bedroom
$700
9833 HELLINGLY PLACE
Montgomery Village
Montgomery Village, MD
Updated August 14 at 2:36pm UTC
1 Bedroom
$1,150
7635 LAYTONIA DRIVE
Gaithersburg
Gaithersburg, MD
Updated August 13 at 10:23am UTC
3 Bedrooms
$435
9203 BROADWATER DRIVE
Gaithersburg
Gaithersburg, MD
Updated August 3 at 10:05am UTC
1 Bedroom
$950
Results within 10 miles of Germantown, MD
4009 OLNEY LAYTONSVILLE ROAD
Olney
Olney, MD
Updated August 13 at 10:23am UTC
1 Bedroom
$1,000
9863 MAIN STREET
Damascus
Damascus, MD
Updated August 11 at 11:08pm UTC
1 Bedroom
$925
46348 SHEEL TERRACE
Potomac Lakes
Sterling, VA
Updated July 31 at 10:42am UTC
1 Bedroom
$950

August 2018 Germantown Rent Report

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

View full Germantown Rent Report
Rent Report
Germantown

August 2018 Germantown Rent Report

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

Germantown rents declined moderately over the past month

Germantown rents have declined 0.3% over the past month, but are up slightly by 1.2% in comparison to the same time last year. Currently, median rents in Germantown stand at $1,690 for a one-bedroom apartment and $1,950 for a two-bedroom. Germantown's year-over-year rent growth leads the state average of 0.7%, but is in line with 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 Germantown, 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 were up 0.5% over the past month and 2.7% over the past year.

Many large cities nationwide show more affordable rents compared to Germantown

As rents have increased slightly in Germantown, large cities nationwide have seen rents grow more quickly. Compared to most large cities across the country, Germantown 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.
  • Germantown's median two-bedroom rent of $1,950 is above the national average of $1,180. Nationwide, rents have grown by 1.2% over the past year, which matches the rise in Germantown.
  • While Germantown's rents rose slightly 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 Germantown than most large cities. For example, Philadelphia has a median 2BR rent of $1,170, where Germantown 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%
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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.