Year-over-year apartment rents were down across Fairfax County in May, mirroring a national trend.
All seven areas of the county analyzed by Apartment List in its monthly report showed declines from May 2025, even as the rental market experienced its typical seasonal growth from winter to spring.
Across Fairfax for May:
- Annandale: Median monthly rental costs were $1,846 for one-bedroom units, $2,106 for two bedrooms and $2,129 for all units, down 5.7% from a year before
- Centreville: Rents were $2,085/$2,422/$2,467, down 2.2%
- Fair Oaks: Rents were $2,271/$2,538/$2,489, down 2.1%
- Fairfax: Rents were $1,927/$2,205/$2,295, down 2.9%
- Herndon: $1,844/$2,212/$2,240, down 1.7%
- Reston: $2,207/$2,337/$2,381, down 2.3%
- Tysons: $2,374/$2,846/$2,610, down 2.4%
Most of the declines were larger than those recorded nationally, where the year-over-year median rental rate in May dropped 1.5% to $1,379.
“Prices [nationally] peaked in mid-2022 after a year and a half of skyrocketing growth,” Apartment List analysts said. “Since then, the nationwide median rent has been gradually drifting down and has fallen from that peak by a total of 4.4%, or $63 per month. Despite the pullback in prices, today’s rent levels remain 20% higher than they were at the start of 2021.”…