102 Cheap Apartments for rent in Reston, VA

Last updated July 23 at 11:40am UTC
12001 MARKET STREET
Reston
Reston, VA
Updated July 23 at 10:08am UTC
1 Bedroom
$1,600
1951 SAGEWOOD LANE
Reston
Reston, VA
Updated July 23 at 10:07am UTC
1 Bedroom
$1,300
1623 INLET COURT
Reston
Reston, VA
Updated July 23 at 10:07am UTC
1 Bedroom
$1,500
2247 CASTLE ROCK SQUARE
Reston
Reston, VA
Updated July 22 at 6:24pm UTC
2 Bedrooms
$1,500
11625 STONEVIEW SQUARE
Reston
Reston, VA
Updated July 22 at 2:43am UTC
2 Bedrooms
$1,595
1631 BENNINGTON HOLLOW LANE
Reston
Reston, VA
Updated July 22 at 2:37am UTC
1 Bedroom
$1,395
1951 SAGEWOOD LANE
Reston
Reston, VA
Updated July 20 at 6:39pm UTC
Studio
$925
11800 SUNSET HILLS RD #1012
Reston
Reston, VA
Updated July 19 at 2:33pm UTC
1 Bedroom
$1,650
1704 LAKE SHORE CREST DRIVE
Reston
Reston, VA
Updated July 17 at 6:52am UTC
1 Bedroom
$1,650
11760 SUNRISE VALLEY DRIVE
Reston
Reston, VA
Updated July 14 at 10:47pm UTC
1 Bedroom
$1,575
1712 LAKE SHORE CREST DRIVE
Reston
Reston, VA
Updated July 22 at 2:41am UTC
1 Bedroom
$1,575
11800 SUNSET HILLS RD #927
Reston
Reston, VA
Updated July 19 at 2:32pm UTC
Studio
$1,400
11800 SUNSET HILLS ROAD
Reston
Reston, VA
Updated July 18 at 10:41pm UTC
Studio
$1,400
12000 MARKET STREET
Reston
Reston, VA
Updated July 23 at 10:08am UTC
1 Bedroom
$1,490
11709 Karbon Hill Ct
Reston
Reston, VA
Updated July 20 at 9:31am UTC
2 Bedrooms
$1,600

July 2018 Reston Rent Report

Welcome to the July 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

July 2018 Reston Rent Report

Welcome to the July 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 moderately over the past month

Reston rents have increased 0.3% over the past month, but have decreased moderately by 0.7% 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 fifth 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 0.7%, as well as the national average of 1.4%.

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 7 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.

  • 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 were up 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 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 0.7% over the past year. For example, rents have grown by 0.9% in Virginia Beach.
  • Reston's median two-bedroom rent of $1,910 is above the national average of $1,180. Nationwide, rents have grown by 1.4% over the past year compared to the 0.7% decline in Reston.
  • While rents in Reston fell moderately over the past year, many cities nationwide saw increases, including Atlanta (+1.9%), New York (+1.7%), and Los Angeles (+1.6%).
  • 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 $1,330 $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%
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.