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21 Studio Apartments for rent in Montgomery Village, MD

Last updated September 26 at 7:00am UTC
Spectrum Majestic
116 Paramount Park Drive
Gaithersburg, MD
Updated September 26 at 6:47am UTC
Studio
$1,355
Results within 1 miles of Montgomery Village, MD
Spectrum Paramount
230 Spectrum Ave
Gaithersburg, MD
Updated September 26 at 1:46am UTC
Studio
$1,382
Results within 5 miles of Montgomery Village, MD
Cadence at Crown
113 Ellington Blvd
Gaithersburg, MD
Updated September 25 at 11:42pm UTC
Studio
$1,798
8600 ZETTS AVE
Gaithersburg
Gaithersburg, MD
Updated August 14 at 2:23pm UTC
Studio
$2,800
Results within 10 miles of Montgomery Village, MD
7505 DEMOCRACY BLVD #A-222
Bethesda
Bethesda, MD
Updated September 21 at 4:50pm UTC
Studio
$1,350
14111 SENECA RD
Germantown
Germantown, MD
Updated August 24 at 2:46pm UTC
Studio
$2,500
118 MONROE ST #211
Central Rockville
Rockville, MD
Updated August 21 at 2:57pm UTC
Studio
$1,550
19705 EXECUTIVE PARK CIR #3-G
Germantown
Germantown, MD
Updated September 22 at 11:29pm UTC
Studio
$1,950

September 2018 Montgomery Village Rent Report

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

View full Montgomery Village Rent Report
Rent Report
Montgomery Village

September 2018 Montgomery Village Rent Report

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

Montgomery Village rents decline sharply over the past month

Montgomery Village rents have declined 0.9% over the past month, but have been relatively flat at 0.3% in comparison to the same time last year. Currently, median rents in Montgomery Village stand at $1,570 for a one-bedroom apartment and $1,810 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in June. Montgomery Village's year-over-year rent growth lags the state average of 0.6%, as well as the national average of 1.0%.

Rents rising across the DC Metro

While rents have remained steady in the city of Montgomery Village throughout the past year, cities across the metro have seen a different trend. Rents have risen in all 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 $1,550; the city has also experienced the fastest rent growth in the metro, with a year-over-year increase of 3.8%.
  • Over the past month, Germantown has seen the biggest rent drop in the metro, with a decline of 0.4%. Median two-bedrooms there cost $1,940, while one-bedrooms go for $1,680.
  • Bethesda has the most expensive rents of the largest cities in the DC metro, with a two-bedroom median of $2,470; rents were up 0.1% over the past month and 3.0% over the past year.

Many large cities nationwide show more affordable rents compared to Montgomery Village

Rent growth in Montgomery Village 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, Montgomery Village is less affordable for renters.

  • While Maryland as a whole logged rent growth of 0.6% over the past year, other cities across the state have seen rents decline significantly. For example, rents have fallen by 2.1% in Baltimore.
  • Montgomery Village's median two-bedroom rent of $1,810 is above the national average of $1,180. Nationwide, rents have grown by 1.0% over the past year compared to the stagnant growth in Montgomery Village.
  • While rents in Montgomery Village remained moderately stable this year, similar cities saw increases, including Atlanta (+1.5%), San Francisco (+1.1%), and Los Angeles (+1.1%); note that median 2BR rents in these cities go for $1,190, $3,100, and $1,750 respectively.
  • Renters will generally find more expensive prices in Montgomery Village than most large cities. For example, Philadelphia has a median 2BR rent of $1,170, where Montgomery Village 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 $1,350 $1,560 0.4% 0.3%
Arlington $1,810 $2,100 0.4% 1.7%
Alexandria $1,590 $1,830 -0.1% 0.7%
Germantown $1,680 $1,940 -0.4% 0.9%
Silver Spring $1,530 $1,760 0.4% 1.5%
Centreville $1,640 $1,900 0.8% 0.9%
Waldorf $1,720 $1,990 0.1% 2.7%
Frederick $1,340 $1,550 -0.2% 3.8%
Rockville $1,740 $2,010 0.6% 0.3%
Bethesda $2,140 $2,470 0.1% 3.0%
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.