Rental market snapshot for Ballston-Virginia Square, Arlington
Ballston-Virginia Square rental market summary
The rental market in Ballston-Virginia Square, Virginia is showing signs of growth. In July 2023, there were 253 new listings, a 9.4% increase from the previous month. This is a significant increase from the same time last year, when there were only 2,835 listings. The median rent in July 2023 was $3,227, a 13.8% increase from the same time last year. This suggests that the rental market in Ballston-Virginia Square is becoming increasingly competitive, with more people looking to rent in the area.
Overall, the rental market in Ballston-Virginia Square is showing signs of growth. The number of new listings and the median rent have both increased significantly over the past year, indicating that the area is becoming increasingly popular with renters. With more people looking to rent in the area, it is likely that the rental market will continue to grow in the coming months.
Median rent for all residential properties in Ballston-Virginia Square
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The most expensive listings and top trending buildings in Ballston-Virginia Square
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 4206 Washington Blvd | $6,000 | 3 / 1.0 |
| 1182 N Vermont St | $5,200 | 4 / 3.0 |
| 1162 N Randolph St | $4,960 | 4 / 4.5 |
| 3444 Fairfax Dr | $4,795 | 2 / 2.0 |
| 4001 9th St N | $4,795 | 2 / 2.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Mill Creek Residential Trust (new) | $3,242 |
| Paradigm Management II L.P. (New) | $3,006 |
| GIG | $2,710 |
| Akelius Real Estate Management LLC | $2,329 |
| Dittmar Company | $2,297 |
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Bedroom Breakdown in Ballston-Virginia Square
Ballston-Virginia Square neighborhood apartments rents
The rental market for studios in Ballston-Virginia Square, Virginia is showing signs of growth. In July 2023, there were 12 new studio listings, indicating an increase in demand for rental units in the area. The median rent for studios in July 2023 was $2,369, which is 2.9% 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 studios in Ballston-Virginia Square, Virginia is showing signs of growth and increased competition.
The rental market for 1-bedroom apartments in Ballston-Virginia Square, Virginia is showing signs of growth. In July 2023, there were 47 new 1-bedroom listings, a 3.7% increase in median rent from June 2023 to July 2023, and a median rent of $2,615. This indicates that the rental market is becoming more competitive and that demand for 1-bedroom apartments is increasing.
The rental market for 2-bedroom apartments in Ballston-Virginia Square, Virginia, is relatively stable. In July 2023, there were 49 new 2-bedroom listings, and the median rent remained the same as it was in June 2023 at $3,530. This indicates that the rental market is not experiencing any significant changes in terms of pricing or availability.