244 Luxury Apartments for rent in Reston, VA

Last updated May 23 at 12:23pm UTC
12001 MARKET STREET
Reston
Reston, VA
Updated May 23 at 9:29am UTC
2 Bedrooms
$2,999
12180 Abington Hall Pl
Reston
Reston, VA
Updated May 23 at 9:33am UTC
3 Bedrooms
$2,750
12170 Abington Hall Pl
Reston
Reston, VA
Updated May 23 at 9:33am UTC
3 Bedrooms
$3,500
11605 CLUBHOUSE COURT
Reston
Reston, VA
Updated May 23 at 9:30am UTC
4 Bedrooms
$3,000
1889 CRESCENT PARK DRIVE
Reston
Reston, VA
Updated May 23 at 9:30am UTC
3 Bedrooms
$3,000
2414 ALBOT ROAD
Reston
Reston, VA
Updated May 23 at 9:30am UTC
3 Bedrooms
$2,400
11424 HOLLOW TIMBER WAY
Reston
Reston, VA
Updated May 23 at 9:30am UTC
3 Bedrooms
$3,995
11990 MARKET STREET
Reston
Reston, VA
Updated May 23 at 9:30am UTC
3 Bedrooms
$3,600
1860 TOWN CENTER DRIVE
Reston
Reston, VA
Updated May 23 at 9:29am UTC
Studio
$4,107
11260 ROGER BACON DRIVE
Reston
Reston, VA
Updated May 23 at 9:29am UTC
Studio
$15,388
1997 LOGAN MANOR DRIVE
Reston
Reston, VA
Updated May 23 at 9:28am UTC
3 Bedrooms
$3,600
1664 BACHAN COURT
Reston
Reston, VA
Updated May 23 at 9:28am UTC
3 Bedrooms
$3,000
11443 WASHINGTON PLAZA W
Reston
Reston, VA
Updated May 23 at 9:28am UTC
3 Bedrooms
$3,200
12062 EDGEMERE CIRCLE
Reston
Reston, VA
Updated May 23 at 9:28am UTC
3 Bedrooms
$2,700
1808 IVY OAK SQUARE
Reston
Reston, VA
Updated May 23 at 9:28am UTC
4 Bedrooms
$2,300
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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.