Rental market snapshot for Old Town, Alexandria
Old Town rental market summary
The rental market in Old Town, Virginia is showing signs of growth. In July 2023, there were 49 new listings, a significant increase from the previous month. The median rent for the month of July 2023 was $2,086, a slight decrease of .7% from the previous month. However, when compared to the same month in 2022, the median rent has increased by 23.5%. This indicates that the rental market in Old Town is becoming more competitive, with more people looking for rental properties.
Overall, the rental market in Old Town is showing signs of growth. With more listings and an increase in median rent, it is becoming a more attractive option for potential renters. As the demand for rental properties continues to grow, it is likely that the median rent will continue to increase in the coming months.
Median rent for all residential properties in Old Town
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The most expensive listings and top trending buildings in Old Town
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
205 S Payne St | $4,800 | 3 / 2.5 |
910 S Saint Asaph St | $4,750 | 3 / 2.0 |
700 Duke St | $4,161 | 2 / 1.0 |
700 Duke St | $4,066 | 1 / 1.0 |
700 Duke St | $3,720 | 1 / 1.0 |
Top Trending Buildings
building name | avg rent price |
---|---|
ScottManagement | $1,899 |
Greystar Real Estate Partners LLC | $1,681 |
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Bedroom Breakdown in Old Town
Old Town neighborhood apartments rents
The rental market for studios in Old Town, Virginia is relatively stable. In July 2023, there were 8 new studio listings, and the median rent for studios was $1,438, which is a decrease of .9% from the median rent in June 2023 of $1,452. This indicates that the rental market for studios in Old Town is not experiencing any significant changes in terms of pricing or availability.
The rental market for 1-bedroom apartments in Old Town, Virginia is showing signs of growth. In July 2023, there were 4 new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in July 2023 was $1,802, a 14.2% decrease from the median rent in June 2023 of $2,100. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants. Overall, the rental market for 1-bedroom apartments in Old Town, Virginia appears to be on the rise.
The rental market for 2-bedroom apartments in Old Town, Virginia is showing signs of growth. In July 2023, there were 5 new 2-bedroom listings, indicating an increase in demand for these types of apartments. The median rent for 2-bedroom apartments in July 2023 was $2,109, which is 8.9% lower than the median rent in June 2023. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants. Overall, the rental market for 2-bedroom apartments in Old Town, Virginia is looking positive.