110 Cheap Apartments for rent in Silver Spring, MD

Last updated July 18 at 11:45pm UTC
1900 LYTTONSVILLE ROAD
Woodside
Silver Spring, MD
Updated July 18 at 10:41pm UTC
1 Bedroom
$1,450
2114 BONNYWOOD LANE
Silver Spring
Silver Spring, MD
Updated July 18 at 10:40pm UTC
1 Bedroom
$1,400
1645 Carriage House Ter Apt B
Silver Spring
Silver Spring, MD
Updated July 18 at 10:17am UTC
1 Bedroom
$1,300
3321 SIR THOMAS DRIVE
Silver Spring
Silver Spring, MD
Updated July 17 at 6:51am UTC
1 Bedroom
$1,350
8216 Nolte Ave
Silver Spring
Silver Spring, MD
Updated July 18 at 5:07pm UTC
1 Bedroom
$1,285

July 2018 Silver Spring Rent Report

Welcome to the July 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

July 2018 Silver Spring Rent Report

Welcome to the July 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 moderately over the past month

Silver Spring rents have declined 0.3% over the past month, but have increased slightly by 1.8% in comparison to the same time last year. Currently, median rents in Silver Spring stand at $1,510 for a one-bedroom apartment and $1,750 for a two-bedroom. Silver Spring's year-over-year rent growth leads the state average of 0.9%, as well as the national average of 1.4%.

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 4.4%. The median two-bedroom there costs $2,000, while one-bedrooms go for $1,730.
  • Over the past year, Centreville has seen the biggest rent drop in the metro, with a decline of 3.5%. 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 $2,450; rents increased 0.8% over the past month and 2.3% over the past year.
  • DC proper has the least expensive rents in the DC metro, with a two-bedroom median of $1,540; rents were up 0.5% over the past month but fell 0.1% over the past year.

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

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

  • While Maryland as a whole logged rent growth of 0.9% over the past year, other cities across the state have seen rents decline moderately. For example, rents have fallen by 0.6% in Baltimore.
  • Silver Spring's median two-bedroom rent of $1,750 is above the national average of $1,180. Nationwide, rents have grown by 1.4% over the past year compared to the 1.8% increase in Silver Spring.
  • While Silver Spring's rents rose slightly over the past year, some cities nationwide saw decreases, including Seattle (-2.0%) and Chicago (-1.3%).
  • 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 $1,330 $1,540 0.5% -0.1%
Arlington $1,790 $2,070 1.2% 1.0%
Alexandria $1,580 $1,830 0.8% 0.8%
Germantown $1,690 $1,950 1.2% 2.3%
Silver Spring $1,510 $1,750 -0.3% 1.8%
Centreville $1,610 $1,860 0.1% -3.5%
Waldorf $1,730 $2,000 0.7% 4.4%
Frederick $1,330 $1,540 0.6% 3.1%
Rockville $1,710 $1,980 -0.1% -0.9%
Bethesda $2,120 $2,450 0.8% 2.3%
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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.