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.
The median rental cost for apartments in Tysons was down year-over-year last month but in most other areas of Fairfax County, it continued to rise, according to new data.
Tysons still maintained its ranking in September as the county’s most expensive corridor tracked by Apartment List, with a median rent of $2,389 for a one-bedroom unit and $2,865 for two bedrooms. But rental rates declined 0.7% year-over-year.
Apartment rental rates across Fairfax County pushed higher in August, bucking a national downward trend during the month.
Year-over-year median rental rates were up in six of the seven areas of the county surveyed by Apartment List. Updated figures were reported Aug. 28.
An apartment community near Dulles International Airport has changed hands.
The developers Bozzuto and Invesco Real Estate recently acquired Ashton at Dulles Corner — a 454-unit garden apartment complex at 13958 Mansarde Avenue in the McNair area south of Herndon — as part of a $330 million investment.
