68 Apartments under 1500 for rent in Reston, VA

Last updated August 21 at 11:06pm UTC
1793 JONATHAN WAY
Reston
Reston, VA
Updated August 13 at 10:20am UTC
1 Bedroom
$1,450
1544 Northgate Sq #2A
Reston
Reston, VA
Updated August 7 at 10:13am UTC
1 Bedroom
$1,375
Results within 1 miles of Reston, VA
12953 CENTRE PARK CIRCLE
Herndon
Herndon, VA
Updated August 19 at 10:28am UTC
1 Bedroom
$1,295
12900 CENTRE PARK CIRCLE
Herndon
Herndon, VA
Updated August 16 at 3:14am UTC
1 Bedroom
$1,450
Results within 5 miles of Reston, VA
3904 PENDERVIEW DRIVE
Fairfax
Fairfax, VA
Updated August 19 at 10:28am UTC
1 Bedroom
$1,475
212 PARK TERRACE COURT SE
Vienna
Vienna, VA
Updated August 21 at 10:29am UTC
1 Bedroom
$1,450
12913 Alton Square
Herndon
Herndon, VA
Updated August 12 at 9:36am UTC
1 Bedroom
$1,350

August 2018 Reston Rent Report

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

View full Reston Rent Report
Rent Report
Reston

August 2018 Reston Rent Report

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

Reston rents increased slightly over the past month

Reston rents have increased 0.2% over the past month, but have decreased moderately by 1.1% in comparison to the same time last year. Currently, median rents in Reston stand at $1,650 for a one-bedroom apartment and $1,910 for a two-bedroom. This is the sixth straight month that the city has seen rent increases after a decline in January. Reston's year-over-year rent growth lags the state average of 0.5%, as well as the national average of 1.2%.

Rents rising across the DC Metro

While rent prices have decreased in Reston over the past year, the rest of the metro is seeing the opposite trend. Rents have risen in 8 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 $1,550; 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 increased 0.5% over the past month and 2.7% over the past year.

Many large cities nationwide show more affordable rents compared to Reston

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

  • Other cities across the state have seen rents slightly increase, with Virginia as a whole logging rent growth of 0.5% over the past year.
  • Reston's median two-bedroom rent of $1,910 is above the national average of $1,180. Nationwide, rents have grown by 1.2% over the past year compared to the 1.1% decline in Reston.
  • While rents in Reston fell moderately over the past year, many cities nationwide saw increases, including Los Angeles (+1.3%), San Francisco (+1.1%), and New York (+1.1%).
  • Renters will generally find more expensive prices in Reston than most large cities. For example, Norfolk has a median 2BR rent of $950, where Reston 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%
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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.