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22 Studio Apartments for rent in Montgomery Village, MD

Last updated November 14 at 8:12pm UTC
Results within 1 miles of Montgomery Village, MD
Spectrum Majestic
116 Paramount Park Drive
Gaithersburg, MD
Updated November 14 at 7:10pm UTC
Studio
$1,375
Spectrum Paramount
230 Spectrum Ave
Gaithersburg, MD
Updated November 14 at 6:43pm UTC
Studio
$1,340
Results within 5 miles of Montgomery Village, MD
Cadence at Crown
113 Ellington Blvd
Gaithersburg, MD
Updated November 14 at 2:42pm UTC
Studio
$1,469
Siesta Key
15250 Siesta Key Way
Rockville, MD
Updated November 14 at 7:27pm UTC
Studio
$1,469
8600 ZETTS AVE
Gaithersburg
Gaithersburg, MD
Updated November 1 at 2:42pm UTC
Studio
$2,800
Results within 10 miles of Montgomery Village, MD
Miramont
6040 California Cir
North Bethesda, MD
Updated November 14 at 7:36pm UTC
Studio
$1,365
7501 DEMOCRACY BLVD #B-112
Bethesda
Bethesda, MD
Updated November 11 at 1:55am UTC
Studio
$1,200
118 MONROE ST #211
Central Rockville
Rockville, MD
Updated November 10 at 2:17am UTC
Studio
$1,550

November 2018 Montgomery Village Rent Report

Welcome to the November 2018 Montgomery Village Rent Report. Montgomery Village rents increased 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

November 2018 Montgomery Village Rent Report

Welcome to the November 2018 Montgomery Village Rent Report. Montgomery Village rents increased 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 increase sharply over the past month

Montgomery Village rents have increased 0.6% over the past month, and have increased slightly by 1.1% in comparison to the same time last year. Currently, median rents in Montgomery Village stand at $1,580 for a one-bedroom apartment and $1,820 for a two-bedroom. Montgomery Village's year-over-year rent growth leads the state average of 1.0%, but is in line with the national average of 1.1%.

Rents rising across the DC Metro

Throughout the past year, rent increases have been occurring not just in the city of Montgomery Village, but across the entire metro. Of the largest 10 cities that we have data for in the DC metro, all 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 $1,540; the city has also experienced the fastest rent growth in the metro, with a year-over-year increase of 3.6%.
  • Over the past month, Centreville has seen the biggest rent drop in the metro, with a decline of 1.0%. Median two-bedrooms there cost $1,880, while one-bedrooms go for $1,620.
  • Bethesda has the most expensive rents of the largest cities in the DC metro, with a two-bedroom median of $2,440; rents decreased 0.4% over the past month but were up 2.2% over the past year.

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

As rents have increased slightly in Montgomery Village, a few large cities nationwide have seen rents grow more quickly. Compared to most large cities across the country, Montgomery Village is less affordable for renters.

  • While Maryland as a whole logged rent growth of 1.0% over the past year, other cities across the state have seen rents decline moderately. For example, rents have fallen by 1.6% in Baltimore.
  • Montgomery Village's median two-bedroom rent of $1,820 is above the national average of $1,180. Nationwide, rents have grown by 1.1% over the past year, which matches the increase in Montgomery Village.
  • While Montgomery Village's rents rose slightly over the past year, the city of Seattle saw a decrease of 1.3%.
  • 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 $1,340 $1,550 -0.2% 0.6%
Arlington $1,800 $2,080 -0.1% 2.7%
Alexandria $1,590 $1,830 0.2% 1.8%
Germantown $1,690 $1,960 1.0% 3.3%
Silver Spring $1,520 $1,750 -0.8% 0.9%
Centreville $1,620 $1,880 -1.0% 1.9%
Waldorf $1,730 $2,000 1.0% 1.5%
Frederick $1,330 $1,540 -0.2% 3.6%
Rockville $1,740 $2,010 -0.4% 1.8%
Bethesda $2,120 $2,440 -0.4% 2.2%
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.