How Silver Spring Rent Prices Increased Over Last Year: July Update

SILVER SPRING, MD — Summer is usually the peak season for moving in and out of rented apartments as college graduates advance to new jobs and families move to new school districts. Renters looking for a place in the Baltimore-Washington region this summer will find year-over-year prices have increased, according to data from listing website Rent.com.

The year-over-year analysis looks at rent price trends for studios, one bedrooms, two bedrooms and three bedrooms. A spokesperson for Rent.com noted the rent price comparisons show which unit types and which cities are becoming more affordable or expensive for renters. Average prices are up to date as of July 18.

Rent prices have increased for studios, one bedrooms, and two bedrooms. The most pronounced change was for three bedrooms, with the average price of $2,343 based on real-time data from Rent.com listings. That's a 9 percent decline compared to July 2021.

Studio rental units saw an average increase of 7 percent ($1,649) compared to an 5 percent increase for one bedrooms ($1,876).

Here are the highest year-to-year percentage increases among communities in the DC-Baltimore metro area, based on Rent.com's real-time data:

Studios

• Columbia, Maryland: $2,550, 44 percent increase
• Falls Church, Virginia: $1,540, 23 percent increase
• Baltimore, Maryland: $1,628, 22 percent increase
• Towson, Maryland: $1,550, 20 percent increase
• Fairfax, Virginia: $2,082, 18 percent increase

One bedrooms

• Reston, Virginia: $2,617, 19 percent increase
• Manassas, Virginia: $1,947, 18 percent increase
• Frederick, Maryland: $1,767, 17 percent increase
• Towson, Maryland: $1,797, 16 percent increase
• Bethesda, Maryland: $2,458, 14 percent increase
• Fairfax, Virginia: $2,157, 14 percent increase

Two bedrooms

• Gaithersburg, Maryland: $2,612, 41 percent increase
• Frederick, Maryland: $2,038, 29 percent increase
• Manassas, Virginia: $2,233, 19 percent increase
• Fairfax, Virginia: $2,663, 18 percent increase
• Rockville, Maryland: $2,730, 15 percent increase

Three bedrooms

• Arlington, Virginia: $3,900, 6 percent increase
• Manassas, Virginia: $3,657, 74 percent increase
• Bowie, Maryland: $3,331, 12 percent increase
• Fairfax, Virginia: $3,285, 22 percent increase
• Washington, D.C.: $2,000, 7 percent increase