Year-over-year apartment rents were down across Fairfax County in May, mirroring a national trend.
All seven areas of the county analyzed by Apartment List in its monthly report showed declines from May 2025, even as the rental market experienced its typical seasonal growth from winter to spring.
Prospective residents can now apply to be considered for one of the affordable apartments currently under construction near the Spring Hill Metro station in Tysons.
The Fairfax County Redevelopment and Housing Authority (FCRHA) began accepting waitlist applications at 8 a.m. today (Monday) for a limited number of units in The Exchange at Spring Hill Station reserved for its Project-Based Voucher program, which subsidizes rental costs for low-income households.
Construction is well underway on the first mixed-use development to emerge on the north side of the Herndon Metro station.
The Nell at 555 Apartments is on track to deliver 399 homes with over 14,000 square feet of private amenity space, approximately 5,000 square feet of retail and a parking garage in the next year, according to developer Fairfield Residential.
Apartment rents dipped year over year across most of Fairfax County in April, according to new data.
Seven of eight different geographic corridors of the county posted declines of between 0.8% and 2.9%, according to figures reported yesterday (Tuesday) by Apartment List.
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.
