19 Apartments under 1200 for rent in Oakton, VA

Last updated August 20 at 3:25am UTC
Results within 5 miles of Oakton, VA
1201 OFFUTT DRIVE
Falls Church
Falls Church, VA
Updated August 16 at 10:43am UTC
1 Bedroom
$680
3760 SUDLEY FORD COURT
Fairfax
Fairfax, VA
Updated August 14 at 6:50pm UTC
1 Bedroom
$800
Results within 10 miles of Oakton, VA
4531 MAXFIELD DRIVE
Annandale
Annandale, VA
Updated August 19 at 11:43pm UTC
1 Bedroom
$850
14123 STARBIRD COURT
Centreville
Centreville, VA
Updated August 19 at 10:29am UTC
1 Bedroom
$950
4578 SHETLAND GREEN ROAD
Lincolnia
Alexandria, VA
Updated August 19 at 10:29am UTC
1 Bedroom
$1,100
1144 STUART STREET
Ballston - Virginia Square
Arlington, VA
Updated August 19 at 10:28am UTC
1 Bedroom
$875
13814 LAUREL ROCK COURT
Clifton
Clifton, VA
Updated August 11 at 10:40am UTC
1 Bedroom
$1,000
46348 SHEEL TERRACE
Potomac Lakes
Sterling, VA
Updated July 31 at 10:42am UTC
1 Bedroom
$950
6344 PENDLETON PLACE
Centreville
Centreville, VA
Updated July 21 at 6:46am UTC
1 Bedroom
$900
5411 SHEFFIELD CT #VARIES
Larchmont Village Apartments West
Alexandria, VA
Updated July 4 at 2:19am UTC
1 Bedroom
$1,185
6918 COMPTON LANE
Centreville
Centreville, VA
Updated August 19 at 10:29am UTC
1 Bedroom
$950

August 2018 Oakton Rent Report

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

View full Oakton Rent Report
Rent Report
Oakton

August 2018 Oakton Rent Report

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

Oakton rents decline sharply over the past month

Oakton rents have declined 0.7% over the past month, but are up moderately by 2.3% in comparison to the same time last year. Currently, median rents in Oakton stand at $1,900 for a one-bedroom apartment and $2,200 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in May. Oakton's year-over-year rent growth leads the state average of 0.5%, as well as the national average of 1.2%.

Rents rising across the DC Metro

Throughout the past year, rent increases have been occurring not just in the city of Oakton, but across the entire metro. Of the largest 10 cities that we have data for in the DC metro, 8 of them have seen prices rise. 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 $1,550; 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, Centreville has seen the biggest rent drop in the metro, with a decline of 1.4%. Median two-bedrooms there cost $1,880, while one-bedrooms go for $1,630.
  • Bethesda has the most expensive rents of the largest cities in the DC metro, with a two-bedroom median of $2,460; rents were up 0.5% over the past month and 2.7% over the past year.

Many large cities nationwide show more affordable rents compared to Oakton

As rents have increased moderately in Oakton, large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Compared to most large cities across the country, Oakton is less affordable for renters.

  • Rents increased slightly in other cities across the state, with Virginia as a whole logging rent growth of 0.5% over the past year.
  • Oakton's median two-bedroom rent of $2,200 is above the national average of $1,180. Nationwide, rents have grown by 1.2% over the past year compared to the 2.3% rise in Oakton.
  • While Oakton's rents rose moderately over the past year, some cities nationwide saw decreases, including Seattle (-2.4%) and Chicago (-1.8%).
  • Renters will generally find more expensive prices in Oakton than most large cities. For example, Norfolk has a median 2BR rent of $950, where Oakton is more than twice 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 0.8% 0.2%
Arlington $1,810 $2,090 0.7% 1.4%
Alexandria $1,590 $1,830 0.2% 0.7%
Germantown $1,690 $1,950 -0.3% 1.2%
Silver Spring $1,520 $1,760 0.7% 1.8%
Centreville $1,630 $1,880 1.0% -1.4%
Waldorf $1,720 $1,990 -0.6% 3.1%
Frederick $1,340 $1,550 0.7% 3.7%
Rockville $1,730 $1,990 0.9% -0.3%
Bethesda $2,130 $2,460 0.5% 2.7%
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.