16 Cheap Apartments for rent in Fredericksburg, VA

Last updated June 24 at 3:19pm UTC
1805 WILLIAM STREET
Fredericksburg
Fredericksburg, VA
Updated June 24 at 11:00am UTC
1 Bedroom
$1,000
142 HILLCREST DRIVE
Fredericksburg
Fredericksburg, VA
Updated June 23 at 7:15am UTC
1 Bedroom
$850
209 Ironwood Ln
Fredericksburg
Fredericksburg, VA
Updated June 19 at 9:32am UTC
1 Bedroom
$750
774 WARRENTON RD
Fredericksburg
Fredericksburg, VA
Updated June 19 at 9:15am UTC
Studio
$900
1208 KENMORE AVENUE
Fredericksburg
Fredericksburg, VA
Updated June 16 at 2:01pm UTC
1 Bedroom
$975
706 PRINCESS ANNE STREET
Downtown Fredericksburg
Fredericksburg, VA
Updated June 15 at 6:59pm UTC
1 Bedroom
$850
113 HAWKE STREET
Fredericksburg
Fredericksburg, VA
Updated June 9 at 8:33am UTC
2 Bedrooms
$1,150
145 HARRELL ROAD
Highland Home
Fredericksburg, VA
Updated June 24 at 11:01am UTC
Studio
$500
620 KENMORE AVENUE
Fredericksburg
Fredericksburg, VA
Updated June 24 at 11:00am UTC
Studio
$500
Tyler Street
Fredericksburg
Fredericksburg, VA
Updated June 23 at 7:17am UTC
Studio
$1,100

June 2018 Fredericksburg Rent Report

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

View full Fredericksburg Rent Report
Rent Report
Fredericksburg

June 2018 Fredericksburg Rent Report

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

Fredericksburg rents increase sharply over the past month

Fredericksburg rents have increased 0.6% over the past month, and have increased slightly by 1.2% in comparison to the same time last year. Currently, median rents in Fredericksburg stand at $1,420 for a one-bedroom apartment and $1,640 for a two-bedroom. This is the fifth straight month that the city has seen rent increases after a decline in December of last year. Fredericksburg's year-over-year rent growth leads the state average of 0.9%, but trails 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 Fredericksburg, 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.
  • 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.
  • Bethesda has the most expensive rents of the largest cities in the DC metro, with a two-bedroom median of $2,430; rents grew 1.0% over the past month and 0.6% over the past year.

Many large cities nationwide show more affordable rents compared to Fredericksburg

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

  • Rents increased slightly in other cities across the state, with Virginia as a whole logging rent growth of 0.9% over the past year. For example, rents have grown by 1.5% in Virginia Beach and 0.1% in Norfolk.
  • Fredericksburg's median two-bedroom rent of $1,640 is above the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 1.2% increase in Fredericksburg.
  • While Fredericksburg's rents rose slightly 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 Fredericksburg than most large cities. For example, Norfolk has a median 2BR rent of $950, where Fredericksburg 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 $1,320 $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.