58 Cheap Apartments for rent in Reston, VA

Last updated November 22 at 1:34am UTC
1558 NORTHGATE SQUARE
Reston
Reston, VA
Updated November 11 at 2:32am UTC
1 Bedroom
$1,445
11408 GATE HILL PLACE
Reston
Reston, VA
Updated November 11 at 2:26am UTC
2 Bedrooms
$1,600
11815 BRETON COURT
Reston
Reston, VA
Updated November 14 at 1:51am UTC
2 Bedrooms
$1,575
1724 LAKE SHORE CREST DR #24
Reston
Reston, VA
Updated October 6 at 10:14am UTC
1 Bedroom
$1,490
1715 ASCOT WAY
Reston
Reston, VA
Updated November 11 at 2:32am UTC
1 Bedroom
$1,475
11706 OLDE ENGLISH DRIVE
Reston
Reston, VA
Updated November 21 at 5:50pm UTC
2 Bedrooms
$1,600
1700 ASCOT WAY
Reston
Reston, VA
Updated November 16 at 11:00am UTC
2 Bedrooms
$1,650
1528 NORTHGATE SQUARE
Reston
Reston, VA
Updated November 21 at 5:51pm UTC
3 Bedrooms
$1,650
2068 ROYAL FERN COURT
Reston
Reston, VA
Updated November 2 at 6:40pm UTC
2 Bedrooms
$1,575
12012 TALIESIN PLACE
Reston
Reston, VA
Updated November 11 at 2:32am UTC
1 Bedroom
$1,450
11800 SUNSET HILLS ROAD
Reston
Reston, VA
Updated November 21 at 5:51pm UTC
1 Bedroom
$1,650
1793 JONATHAN WAY
Reston
Reston, VA
Updated November 2 at 6:39pm UTC
2 Bedrooms
$1,650
12000 MARKET STREET
Reston
Reston, VA
Updated November 21 at 5:51pm UTC
1 Bedroom
$1,550
Apartment List detective logo

Keep Looking!

Try removing some filters or broadening your
search area to see more results.

Apartment List detective logo

Zoom in to see more.

Trying to get a feel for the larger area? No problem.
When you're ready, zoom in again to see pins and listings.

Apartment List sad heart

Something went wrong.

Please try your search again or reload the page.

November 2017 Reston Rent Report

Welcome to the November 2017 Reston Rent Report. Reston rents declined 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

November 2017 Reston Rent Report

Welcome to the November 2017 Reston Rent Report. Reston rents declined 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 declined over the past month

Reston rents have declined 1.4% over the past month, but have increased slightly by 1.4% in comparison to the same time last year. Currently, median rents in Reston stand at $1,650 for a one-bedroom apartment and $1,900 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in August. Reston's year-over-year rent growth leads the state average of 1.0%, but trails the national average of 2.7%.

Rents rising across the DC Metro

Throughout the past year, rent increases have been occurring not just in the city of Reston, but across the entire metro. Of the largest 10 cities that we have data for in the DC metro, 6 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 $1,480; the city has also experienced the fastest rent growth in the metro, with a year-over-year increase of 2.4%.
  • Over the past year, Waldorf has seen the biggest rent drop in the metro, with a decline of 1.3%. Median two-bedrooms there cost $1,960, while one-bedrooms go for $1,700.
  • Bethesda has the most expensive rents of the largest cities in the DC metro, with a two-bedroom median of $2,390; rents went down 0.5% over the past month and 0.4% over the past year.

Many large cities nationwide show more affordable rents compared to Reston

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

  • Rents increased moderately in other cities across the state, with Virginia as a whole logging rent growth of 1.0% over the past year. For example, rents have grown by 1.8% in Virginia Beach and 1.6% in Norfolk.
  • Reston's median two-bedroom rent of $1,900 is above the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 1.4% increase in Reston.
  • While Reston's rents rose slightly over the past year, many cities nationwide saw more substantial increases, including Seattle (+4.2%), Los Angeles (+3.9%), and San Francisco (+1.8%).
  • 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 $1,540 -0.5% -0.6%
Arlington $1,760 $2,030 -0.9% 0.6%
Alexandria $1,560 $1,800 -0.4% 0.1%
Germantown $1,640 $1,890 -0.8% 0.1%
Silver Spring $1,500 $1,740 -0.8% 0.4%
Centreville $1,590 $1,840 -1.5% -1.2%
Waldorf $1,700 $1,960 0.7% -1.3%
Frederick $1,290 $1,480 -0.1% 2.4%
Rockville $1,710 $1,970 -0.6% 1.3%
Bethesda $2,070 $2,390 -0.5% -0.4%
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.