Report: Arlington moves up to No. 7 priciest rental market in U.S.

“The Commodore” apartments in Courthouse (staff photo by Jay Westcott)

There’s more evidence that Arlington is an expensive place to live.

The county has moved to No. 7 on a list of the priciest rental markets in the country, up from No. 10 last year.

Rental website Zumper just released its latest National Rent Report, and Arlington outranks even D.C. for median one-bedroom rent prices among the 100 U.S. cities and localities studied. D.C. remained more expensive for two-bedroom units, however.

In Arlington, according to Zumper, the median one-bedroom apartment is $2,330/mo, up 2.2% year over year, while the median two-bedroom apartment is $2,980/mo, up 1% year over year.

The county bucked a national trend of falling rents this month. The District, by comparison, had its one- and two-bedroom rents fall by 1.7% and 4.4% year over year, respectively.

“February marks the 5th continuous month of either flat or negative monthly changes for the national rent index,” Zumper noted. “One-bedrooms decreased 0.9% to $1,482, while two-bedrooms dropped 0.5% to $1,837.”

“While many Sun Belt and Intermountain markets are seeing rents fall due to new supply, the national rates are being stabilized by the rent hikes in low supplied Midwest and Northeast cities, where rents have climbed upwards of 20%,” the website wrote.

Feb. 2024 rent infographic (courtesy Zumper)