67 Apartments under 1200 for rent in Silver Spring, MD

Last updated June 18 at 6:38pm UTC
8700 MANCHESTER ROAD
Silver Spring
Silver Spring, MD
Updated June 18 at 6:05pm UTC
1 Bedroom
$1,150
12001 OLD COLUMBIA PIKE
Silver Spring
Silver Spring, MD
Updated June 14 at 12:35am UTC
1 Bedroom
$1,100
8538 11TH AVENUE
Silver Spring
Silver Spring, MD
Updated June 13 at 1:54am UTC
1 Bedroom
$1,050
1131 UNIVERSITY BLVD W #VARIOUS
Wheaton-Glenmont
Silver Spring, MD
Updated June 1 at 9:07pm UTC
Studio
$1,184
Results within 1 miles of Silver Spring, MD
909 PROSPECT STREET
Takoma Park
Takoma Park, MD
Updated June 18 at 6:03pm UTC
1 Bedroom
$900
Results within 5 miles of Silver Spring, MD
Bucknell Apartments
11500 Bucknell Drive
Wheaton, MD
Updated June 18 at 2:00pm UTC
Studio
Ask
1 Bedroom
$940
2 Bedrooms
$1,575

June 2018 Silver Spring Rent Report

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

View full Silver Spring Rent Report
Rent Report
Silver Spring

June 2018 Silver Spring Rent Report

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

Silver Spring rent trends were flat over the past month

Silver Spring rents have remained flat over the past month, however, they have increased moderately by 2.4% year-over-year. Currently, median rents in Silver Spring stand at $1,520 for a one-bedroom apartment and $1,750 for a two-bedroom. Silver Spring's year-over-year rent growth leads the state average of 0.8%, as well as the national average of 1.5%.

Rents rising across the DC Metro

Throughout the past year, rent increases have been occurring not just in the city of Silver Spring, but across the entire metro. Of the largest 10 cities that we have data for in the DC metro, 7 of them have seen prices rise. 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.
  • 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.
  • Frederick has the least expensive rents in the DC metro, with a two-bedroom median of $1,530; rents were up 0.7% over the past month and 3.6% over the past year.

Many large cities nationwide show more affordable rents compared to Silver Spring

As rents have increased moderately in Silver Spring, large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Compared to most large cities across the country, Silver Spring 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.
  • Silver Spring's median two-bedroom rent of $1,750 is above the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 2.4% increase in Silver Spring.
  • While Silver Spring's rents rose moderately over the past year, some cities nationwide saw decreases, including Chicago (-0.8%) and Seattle (-0.8%).
  • Renters will generally find more expensive prices in Silver Spring than most large cities. For example, Philadelphia has a median 2BR rent of $1,170, where Silver Spring 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%
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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.