Report: Apartment costs in Tysons highest in D.C. metro area

Tysons continues to have the priciest apartment-rental costs in the D.C. region .

The median Tysons apartment-rental price in September was $2,654 ($2,414 for one-bedroom units and $2,894 for two bedrooms), according to figures reported last Thursday (Oct. 3) by Apartment List.

That puts Tysons at the top of 31 sub-markets in the region. Among other areas of Fairfax County, median rental prices were:

• Annandale: $1,843 for one-bedroom units/$2,103 for two bedrooms
• Centreville: $2,076/$2,411
• Fair Oaks: $2,223/$2,485
• Herndon: $1,811/$2,173
• Merrifield: $2,335/$2,870
• Reston: $2,186/$2,315

Median rents in Tysons were up 2.5% year-over-year. For the D.C. region as a whole, September’s median rental rate of $2,196 was up 3.5% year-over-year.

The lowest median rent among regional locales was in Frederick, Maryland, at $1,642.

Year-over-year, the greatest increase in rents occurred in Leesburg (up 10.7%) while at the other end of the scale, Wheaton saw a decline of 1.8%.

Nationally , September’s median rent was $1,405.

“We’re likely to see that number continue to dip modestly through the remainder of the year,” Apartment List analysts said.

“But even though rent prices have been trending down for some time, the national median rent is just a few percentage points below its August 2022 peak, but still more than 20 percent higher than it was at the start of 2021,” analysts noted.