Reston, Virginia Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Reston, Virginia rental market.
Highlights
An apartment for rent in Reston, Virginia typically goes for $2,335 per month, while a single-family home for rent in Reston, Virginia has a monthly cost of around $3,312. Renter-occupied units make up 38% of the local housing market, while the rental vacancy rate in Reston, Virginia is at 4.1.
Reston, Virginia
Average Apartment Rent in August 2022
$2,335
Y-o-Y Change in Average
Apartment Rent
10%
Average Single-Family Rent in August 2022
$3,312
Compared to a year ago, Reston, Virginia apartments have recorded a 10% rent increase.
Reston, Virginia |Average apartment rent trend
Reston, Virginia| Average apartment rent
Reston, Virginia | Apartment rent ranges
At 64.22%, apartments priced Over $2,000 represent the bulk of Reston, Virginia rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 0.97%.
Reston, Virginia | Housing tenure**
Renters take up 38% of Reston, Virginia real estate, occupying a total of 9,896 units, while homeowners live in 16,289 properties.
Median number of rooms of renter-occupied housing units**
4.3
Renter median household income**
$92,403
Average household size of renter-occupied housing units**
2.39
Rental vacancy rate**
4.1%
Reston, Virginia | Renter-occupied housing units by no. of bedrooms**
There are 3,627 rentals in Reston, Virginia with 2 beds making up the highest share of the market, at 37%. Units with 4 beds, on the other hand, hold the lowest percentage (5%), amounting to 523 units. Overall, the median number of rooms in Reston, Virginia homes for rent is 4.3.
Reston, Virginia |Renter-occupied units by age of householder**
Most condos for rent in Reston, Virginia are occupied by residents in the 25 - 34 years age group (27%), followed by those in the 35 - 44 years age group (23%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%.
Reston, Virginia | Renter-occupied housing units by family type**
Reston, Virginia | Renter-occupied housing units by the presence of own children**
A total of 5,370 apartments for rent in Reston, Virginia, or 54% of all rentals are family households. Additionally, 30% of rental homes include children under the age of 18 – that’s 2,991 units. All in all, the median size of a renter-occupied household in Reston, Virginia is 2.39.
Reston, Virginia | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 65% of the rental market. In contrast, residents with less than a high school degree reside in 6% of the homes for rent in Reston, Virginia.
Reston, Virginia | Renter-occupied units by year structure built**
The highest share of Reston, Virginia apartment rentals, namely 30% or 3,011 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (23%, 2,284 units), and the ones Built 1990 - 1999 (17%, 1,710 units).
Reston, Virginia | Renter-occupied units by year householder moved in**
Median year renter moved into unit2016
Most Reston, Virginia renters (61%) moved in 2015 to 2016, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Reston, Virginia condos for rent is 2016.
Reston, Virginia | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 50% of Reston, Virginia renters have 1 vehicle available per household, 35% of them have 2 vehicles available, and 9% have No vehicle available.
Reston, Virginia | Means of transportation to work of householders living in renter-occupied housing units**
Reston, Virginia |Geographical mobility in the past year for householders living in renter-occupied housing units**
Reston, Virginia | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Reston, Virginia apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2020 American Community Survey 5-Year Estimates
