121 Cheap Apartments for rent in Reston, VA

Last updated May 24 at 10:01pm UTC
1403 NORTHGATE SQUARE
Reston
Reston, VA
Updated May 24 at 9:14pm UTC
2 Bedrooms
$1,650
1732 ASCOT WAY
Reston
Reston, VA
Updated May 24 at 9:13pm UTC
2 Bedrooms
$1,600
11800 SUNSET HILLS ROAD
Reston
Reston, VA
Updated May 24 at 9:13pm UTC
1 Bedroom
$1,575
2259 CASTLE ROCK SQUARE
Reston
Reston, VA
Updated May 24 at 9:12pm UTC
2 Bedrooms
$1,575
12013 TALIESIN PLACE
Reston
Reston, VA
Updated May 17 at 4:39am UTC
1 Bedroom
$1,650
1419 NORTHGATE SQUARE
Reston
Reston, VA
Updated May 12 at 7:42am UTC
2 Bedrooms
$1,650
1785 JONATHAN WAY
Reston
Reston, VA
Updated May 10 at 3:48pm UTC
2 Bedrooms
$1,600
11812 BRETON COURT
Reston
Reston, VA
Updated May 3 at 9:30pm UTC
1 Bedroom
$1,395
11760 SUNRISE VALLEY DRIVE
Reston
Reston, VA
Updated May 3 at 9:27pm UTC
1 Bedroom
$1,600
11250 ROGER BACON DRIVE
Reston
Reston, VA
Updated May 3 at 9:27pm UTC
Studio
$550
1671 PARKCREST CIRCLE
Reston
Reston, VA
Updated May 3 at 9:25pm UTC
1 Bedroom
$1,450
1780 JONATHAN WAY #B
Reston
Reston, VA
Updated April 11 at 11:39pm UTC
2 Bedrooms
$1,550
2044 ROYAL FERN COURT
Reston
Reston, VA
Updated May 24 at 9:12pm UTC
1 Bedroom
$1,475
11220 CHESTNUT GROVE SQUARE
Reston
Reston, VA
Updated May 23 at 2:06am UTC
1 Bedroom
$1,500
2035 ROYAL FERN COURT
Reston
Reston, VA
Updated May 21 at 2:07pm UTC
2 Bedrooms
$1,650
1715 ASCOT WAY
Reston
Reston, VA
Updated May 17 at 4:41am UTC
1 Bedroom
$1,450
Results within 1 miles of Reston, VA
11800 SUNSET HILLS RD #116
Reston
Reston, VA
Updated April 27 at 8:22am UTC
1 Bedroom
$1,575
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May 2018 Reston Rent Report

Welcome to the May 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

May 2018 Reston Rent Report

Welcome to the May 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 over the past month

Reston rents have increased 0.6% over the past month, but are down slightly by 0.3% in comparison to the same time last year. Currently, median rents in Reston stand at $1,640 for a one-bedroom apartment and $1,890 for a two-bedroom. This is the third 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 0.9%, as well as the national average of 1.5%.

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 6 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 $1,520; the city has also experienced the fastest rent growth in the metro, with a year-over-year increase of 4.7%.
  • Over the past year, Centreville has seen the biggest rent drop in the metro, with a decline of 1.9%. 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 $2,410; rents were up 0.8% over the past month but fell 0.5% over the past year.

Many large cities nationwide show more affordable rents compared to Reston

As rents have fallen slightly 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 0.9% over the past year. For example, rents have grown by 1.5% in Virginia Beach and 0.4% in Norfolk.
  • Reston's median two-bedroom rent of $1,890 is above the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 0.3% decline in Reston.
  • While rents in Reston fell slightly over the past year, many cities nationwide saw increases, including Los Angeles (+2.1%), San Francisco (+1.3%), and Philadelphia (+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 nearly 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 $1,320 $1,520 0.1% -0.2%
Arlington $1,750 $2,020 1.2% 0.1%
Alexandria $1,560 $1,800 0.7% -0.0%
Germantown $1,650 $1,900 0.5% 0.8%
Silver Spring $1,520 $1,750 0.1% 1.9%
Centreville $1,610 $1,860 -0.1% -1.9%
Waldorf $1,710 $1,970 0.1% 3.9%
Frederick $1,320 $1,520 0.9% 4.7%
Rockville $1,710 $1,970 0.6% 0.7%
Bethesda $2,080 $2,410 0.8% -0.5%
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.