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74 Apartments under 1200 for rent in Silver Spring, MD

Last updated December 14 at 5:26am UTC
809 Juniper St
Silver Spring
Silver Spring, MD
Updated December 13 at 9:23pm UTC
1 Bedroom
$1,125
8302 Garland Ave.
Silver Spring
Silver Spring, MD
Updated December 13 at 9:23pm UTC
1 Bedroom
$995
8809 Plymouth St Apt 6
Silver Spring
Silver Spring, MD
Updated December 13 at 8:30am UTC
1 Bedroom
$1,150
8809 Plymouth St Apt 1
Silver Spring
Silver Spring, MD
Updated December 13 at 8:30am UTC
1 Bedroom
$900
8526 11TH AVE
Silver Spring
Silver Spring, MD
Updated December 14 at 12:31am UTC
2 Bedrooms
$1,100
Results within 1 miles of Silver Spring, MD
321 321 University Blvd. West
Four Corners
Four Corners, MD
Updated December 13 at 9:23pm UTC
1 Bedroom
$782
2 Bedrooms
Ask
1800 METZEROTT ROAD
Adelphi
Adelphi, MD
Updated December 14 at 12:32am UTC
1 Bedroom
$1,150
Results within 5 miles of Silver Spring, MD

December 2018 Silver Spring Rent Report

Welcome to the December 2018 Silver Spring Rent Report. Silver Spring rents declined 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

December 2018 Silver Spring Rent Report

Welcome to the December 2018 Silver Spring Rent Report. Silver Spring rents declined 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 rents declined significantly over the past month

Silver Spring rents have declined 0.5% over the past month, and have decreased slightly by 0.1% in comparison to the same time last year. Currently, median rents in Silver Spring stand at $1,510 for a one-bedroom apartment and $1,740 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in September. Silver Spring's year-over-year rent growth lags the state and national averages, which both stand at 1.3%.

Rents rising across the DC Metro

While rent prices have decreased in Silver Spring over the past year, the rest of the metro is seeing the opposite trend. Rents have risen in 9 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 $1,530; 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, Silver Spring is the only city in the metro that has seen rents fall, with a decline of 0.1%. Median two-bedrooms there cost $1,740, while one-bedrooms go for $1,510.
  • Bethesda has the most expensive rents of the largest cities in the DC metro, with a two-bedroom median of $2,430; rents decreased 0.4% over the past month but were up 1.5% over the past year.

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

As rents have fallen slightly in Silver Spring, many large cities nationwide have seen prices increase, in some cases substantially. Compared to most large cities across the country, Silver Spring is less affordable for renters.

  • While Maryland as a whole logged rent growth of 1.3% over the past year, other cities across the state have seen rents decline moderately. For example, rents have fallen by 1.2% in Baltimore.
  • Silver Spring's median two-bedroom rent of $1,740 is above the national average of $1,180. Nationwide, rents have grown by 1.3% over the past year compared to the 0.1% decline in Silver Spring.
  • While rents in Silver Spring fell slightly over the past year, many cities nationwide saw increases, including Austin (+3.1%), New York (+2.3%), and Atlanta (+1.8%).
  • 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 $1,340 $1,550 -0.2% 1.3%
Arlington $1,800 $2,080 -0.4% 3.4%
Alexandria $1,590 $1,830 0.2% 2.0%
Germantown $1,700 $1,960 0.2% 3.6%
Silver Spring $1,510 $1,740 -0.5% -0.1%
Centreville $1,620 $1,870 -0.4% 2.1%
Waldorf $1,740 $2,010 0.7% 0.2%
Frederick $1,330 $1,530 -0.2% 3.7%
Rockville $1,730 $2,000 -0.2% 2.5%
Bethesda $2,110 $2,430 -0.4% 1.5%
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.