110 Apartments for rent in Silver Spring, MD
📍Even if the town was named for the glitter of mica chips in spring water, there's no fools gold in Silver Spring. This unincorporated town has over 71,000 residents, and in its southern, most urbanized section lies a bustling business district packed with retail, office, and residential development. Social and artistic gatherings also abound. The town is a suburb of Washington, D.C., and while many of its residents commute to the home of our national government, many do not, focusing their residence and business alike on this community.
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Vacancy rates are low, so start looking for your new abode early. Base your search on proximity to the subway or the Capitol Beltway if youre commuting into D.C. for work. On average, commuters spend around 35 minutes on the daily drive, or via public transit. Public transportation is sought after and well utilized in Silver Spring. When meeting with your broker, bring all your paperwork with you from the get-go. You never know when you might find the perfect spot you want to jump on.
Diversely populated, with residents working primarily in management, administration, and education, theres also a strong artistic contingent in the community, with artists and media designers among them. Young educated singles and families are both right at home here.
Rock Creek Forest / Forest Glen Park: Near Rock Creek Park, with a wooded ambience, the neighborhood is densely populated and has an urban feel. Here your apartment search will turn up high rise apartments and condos, single family homes, and many older, comfortable properties. This is a community of drivers, with commutes into the metro DC area taking up to 40 minutes.
Hillandale: Small apartments, medium sized apartments, and single family homes abound here, in an area that attracts renters. Commuters use a mix of public transportation and private vehicles for the daily drive.
In addition to the gorgeous interiors of their apartments, residents are leaving great reviews about The Veridian Apartments Silver Spring's communal amenities: billiard room, lounge, fitness center, playroom for kids, and outdoor pool.
Burnt Mills/Burnt Mills Manor: Located in the northern part of the city, with a strongly suburban feel, and more green space than in other parts of town, here you’ll find town homes and single family rental homes. Rental properties are in high demand, in a community where those headed into work take the subway as well as drive. Theres an artsy feel to this neighborhood, with many residents employed in media or technology based work.
Burtonsville/Spencerville: A solid suburban community, made up primarily of large single family homes, four bedrooms or more. Some smaller apartment complexes are also available. It’s a desirable community, and many residents have children here. Commuters primarily use their own cars to get to their place of business.
Glenmont: Urban in feel with a mix of small to medium sized high rise apartments and single homes. The neighborhood is diverse, with a good blend of singles and families.
Silver Spring covers a large stretch of land in Montgomery County, extending to Rock Creek Park - the D.C. area’s answer to New York’s Central Park - and all the way to the edge of Prince Georges County. Silver Spring is spread over a larger area than any other Maryland city, besides Baltimore. It’s studded with landmarks too: the aforementioned Rock Creek park offers nature at its best with hiking trails, picnic spots, and biking through a beautiful wooded, undeveloped area. Discovery Communications, purveyor of Shark Week, among other televised offerings, is headquartered here, as is the Seventh-day Adventist Church. If you're looking for many activities, from active entertainment venues to shopping and eateries, this is the place. What's not to like? Great restaurants, a diverse population, many options for apartment rentals and rental homes make starting your apartment search in Silver Spring a win/win.
Along with Rock Creek Park, Sligo Creek Park also follows the trajectory of a waterway, and offers hiking trails, tennis, and childrens playgrounds. Youll find the original site of that Silver Spring, the towns name sake, in downtowns Acorn Park. Don’t plan on bringing your water bottle for a quick refill, though. The spring is now dry. Playing fields and tennis courts dominate at Jesup Blair Park, while in nearby Wheaton, Brookside Gardens floral extravaganza is on full display. The award winning garden park is rife with azaleas and has a butterfly garden, too.
The National Oceanographic and Atmospheric Administration is also located here, and the downtown area hosts the well regarded Silverdocs Documentary Film Festival each June, through Discovery Communications and the American Film Institute, who both have a strong presence in the community. Obviously, there's always something to do.
Besides Silverdocs, this vibrant community also hosts the Silver Spring Jazz Festival, which draws crowds of over 20,000 every fall to hear local and national jazz artists including renowned artists like Sergio Mendes and Aaron Neville. And when it's turkey time, you'll gobble up Silver Spring's large Thanksgiving Day parade, which draws countywide recognition. Music, film, and a parade - quite a collection of annual events right in the palm of your hands.
A new outdoor shopping venue, Downtown Silver Spring features such upscale shopping destinations as Macy's, Whole Foods, and Ann Taylor, plus a 20 screen, state of the art Regal Theater complex. National chain restaurants are one dining option, and run the range from budget to high end options so wallets of all kinds are welcome. But Silver Spring’s ethnic diversity yields some dynamic local eateries from Haitian to Mexican cuisine, with Moroccan, Vietnamese, and Thai also well represented. You could have spring rolls for lunch and jerk chicken for dinner without leaving downtown Silver Spring.
The art deco era Silver Theater has been reborn with help from Discovery and AFI, showing independent American films, classics, and foreign films. The concert venue The Fillmore hosts rock, hip hop, and other acts, and the classic B&O rail line station has been revitalized and restored. The area’s renaissance has been documented by PBS. Once looking forlorn, downtown is strong, unique, and vital. It's a destination for residents, even with Washington D.C.'s many charms just a subway ride away. Sports haven’t been slighted either - the Silver Spring Saints Youth Football Organization is well supported, and rugby and tennis teams are also part of the mix.
June 2020 Silver Spring Rent Report
Welcome to the June 2020 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.
June 2020 Silver Spring Rent Report
Welcome to the June 2020 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 0.4% over the past month, and have decreased moderately by 1.3% in comparison to the same time last year. Currently, median rents in Silver Spring stand at $1,517 for a one-bedroom apartment and $1,753 for a two-bedroom. This is the eighth straight month that the city has seen rent decreases after an increase in September of last year. Silver Spring's year-over-year rent growth lags the state average of 0.0%, as well as the national average of 0.8%.
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 6 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.
- Over the past year, Waldorf has seen the biggest rent drop in the metro, with a decline of 6.6%. Median two-bedrooms there cost $1,897, while one-bedrooms go for $1,642.
- Frederick has seen the fastest rent growth in the metro, with a year-over-year increase of 2.3%. The median two-bedroom there costs $1,612, while one-bedrooms go for $1,395.
- DC proper has the least expensive rents in the DC metro, with a two-bedroom median of $1,574; rents decreased 0.4% over the past month but were up 0.5% over the past year.
- Bethesda has the most expensive rents of the largest cities in the DC metro, with a two-bedroom median of $2,405; rents decreased 0.3% over the past month and 2.8% over the past year.
Many large cities nationwide show more affordable rents compared to Silver Spring
As rents have fallen moderately 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.
- Other cities across the state have seen rents increase, with Maryland as a whole logging rent growth of -0.0% over the past year. For example, rents have grown by 0.0% in Baltimore.
- Silver Spring's median two-bedroom rent of $1,753 is above the national average of $1,194. Nationwide, rents have grown by 0.8% over the past year compared to the 1.3% decline in Silver Spring.
- While rents in Silver Spring fell moderately over the past year, many cities nationwide saw increases, including Austin (+1.3%), Seattle (+1.2%), and Chicago (+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 $1,181, 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.
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.
Renter Confidence Survey
Apartment List has released Silver Spring’s results from the third annual Apartment List Renter Satisfaction Survey. This survey, which drew on responses from over 45,000 renters nationwide, provides insight on what states and cities must do to meet the needs of the country’s 111 million renters.
"Silver Spring renters expressed general satisfaction with the city overall," according to Ap...
Here’s how Silver Spring ranks on:
Apartment List has released Silver Spring’s results from the third annual Apartment List Renter Satisfaction Survey. This survey, which drew on responses from over 45,000 renters nationwide, provides insight on what states and cities must do to meet the needs of the country’s 111 million renters.
"Silver Spring renters expressed general satisfaction with the city overall," according to Apartment List. "They gave most categories average scores."
Key Findings in Silver Spring include the following:
- Silver Spring renters gave their city an A overall.
- The highest-rated categories for Silver Spring were public transit and safety and low crime rate, which both received A+ scores.
- The areas of concern to Silver Spring renters are affordability and pet-friendliness, which received C+ and B- grades, respectively.
- Silver Spring millennials are very satisfied with their city, giving it an overall rating of A-.
- Silver Spring earned similar scores compared to other nearby cities like Washington, DC (A-), Arlington (A), Alexandria (A) and Rockville (A+).
- Silver Spring did relatively well compared to cities nationwide, including Philadelphia (C+), Dallas (B) and Los Angeles (C+).
- The top rated cities nationwide for renter satisfaction include Scottsdale, AZ, Irvine, CA, Boulder, CO and Ann Arbor, MI. The lowest rated cities include Tallahassee, FL, Stockton, CA, Dayton, OH, Detroit, MI and Newark, NJ.
For more information on the survey methodology and findings or to speak to one of our researchers, please contact our team at rentonomics@apartmentlist.com.