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Arlington ranks as 10th priciest rental market in U.S.

The RiverHouse apartments at 1111 Army Navy Drive in Pentagon City (staff photo)

Arlington is the tenth priciest market for rental housing in the United States, according to an updated set of rankings.

Rental website Zumper released its latest national rent report, which lists Arlington at No. 10 and neighboring D.C. at No. 9. New York City tops the list.

Zumber notes that Arlington rent grew at a faster pace over the past month than the national median, though its place in the rankings held steady.

“Zumper’s National Index showed one-bedrooms increasing 0.6% to $1,504, while two-bedrooms rose 0.8% to $1,856 in May. Both bedroom types are up about 6% year-over-year,” a spokesperson told ARLnow. “The price of one bedroom units in Arlington increased 1.3% to $2,300 last month, while two bedroom units grew 2.6% to $3,100.”

On a year-over-year basis, median one- and two-bedroom rents in Arlington are up 4.5% and 5.8%, respectively, this month.

Continued rent growth in Arlington contrasts with the falling rents earlier in the pandemic.

The report, meanwhile, notes that some less-expensive interior U.S. cities — like Columbus, Ohio and Colorado Springs — are seeing a surge in rental interest from those moving from more expensive coastal areas of the country.

Top 10 markets for median rental prices in May 2023 (via Zumper)

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