Fairfax County’s median apartment rental rate dipped 2.3% year-over-year in March, as most major corridors of the county posted declines.
The median apartment rate of $2,359 for the month countywide dropped from $2,414 in March 2025, according to data reported March 30 by Apartment List.
The Fairfax County Board of Supervisors has unanimously approved the redevelopment of a nearly vacant Fair Oaks office building as an apartment community.
The vote on Tuesday (March 3) rezoned the 6.2-acre site at 3877 Fairfax Ridge Road from commercial to a PRM (planned residential/mixed) district, setting the stage for the property owner, Time Equities, to move forward with a site plan application.
Housing will soon rise on a vacant lot in Merrifield where an office building had stood for over four decades.
Elm Street Development broke ground at the end of 2025 on its upcoming apartment building at 2722 Merrilee Drive, nearly five years after the project was approved to replace the 1980s-era Dunn Loring Center.
Apartment hunters across most of Fairfax County are seeing lower rental rates than they were at this time last year, but higher costs are likely come springtime, according to new data.
Six of seven Fairfax communities included in Apartment List’s March rental report for the D.C. area showed year-over-year declines in median asking rents during February.
Apartment hunters in Fairfax County are getting better deals than they did a year ago, with prices significantly discounted from the market peak last summer.
Median apartment rents in five major Fairfax corridors all showed declines in January compared to a year before, according to figures reported Jan. 28 by Apartment List. But all remained above the median rate for the D.C. metropolitan area of $2,116 for the month, price-wise.
To support its ambitions for future development, Reston Town Center’s owner and manager is letting go of one of its existing properties.
BXP confirmed to FFXnow that it is selling the Signature apartments at 11850 Freedom Drive as part of a broader plan to hand off “select” land, residential and office properties and use the proceeds to fund new construction.
Median apartment rents across Fairfax County showed a mix of increases and declines in 2025.
Median rental rates were higher at the end of the year than at the beginning in Annandale, Herndon and Reston, but they declined in Centreville, Fair Oaks, Fairfax and Tysons, according to data reported Dec. 31 by Apartment List.
The VY at Reston Heights apartment community has been rebranded The Point at Rise following its Dec. 11 sale to institutional fund manager Pantzer Properties.
The building, located at 11830 Sunrise Valley Drive, was built in 2018 by JBG Smith and has 385 residential units, including two-story loft style townhomes. Gold’s Gym, Reston Kabob and My Home Thai occupy its street-level retail spaces.
The cost to rent an apartment is increasing in some parts of Fairfax County, but declining in others.
Four of seven corridors of the county posted year-over-year drops in median rental prices in November, while the other three showed increases, according to new data from Apartment List.
Fairfax County in October saw rising year-over-year apartment rents in most corridors except Tysons, which saw a decline but remains the priciest area countywide.
Six of seven areas across Fairfax posted median rent increases ranging from less than 1% to 7%, according to figures reported Oct. 30 by Apartment List.
