A springtime uptick is expected, but for now, Alexandria apartment rental costs are running below last year’s rates.
The median apartment rental cost of $2,187 in the city was down 2.8% year-over-year in February, according to data reported by Apartment List. Median city rental rates were $2,003 for one-bedroom units and $2,460 for two bedrooms.
Alexandria appears to be closing the gap with neighboring Arlington for priciest apartment rentals in the region, according to one data analysis.
The median Alexandria apartment asking rent of $2,200 for one-bedroom units was up 5.3% year-over-year, while the median $2,740 for two bedrooms was up 3.8%, according to figures reported on Tuesday by Zumper.
Despite a year-over-year decline, apartment rents in Alexandria remain above the regional average, according to new data.
The overall median rental rate of $2,166 in the city was down 2.7% year-over-year in January, according to figures reported Jan. 28 by Apartment List. But it remained 2.3% above the median metro-area rate of $2,116 for the month.
Alexandria closed out 2025 with median apartment rental rates down 2.5% from the start of the year — the first annual decline in five years.
The 2.5% dip is more than twice the rate of decline across the metro area, with Alexandria pushed down in part by a 1.1% drop in median rents from November to December.
Alexandria city staff want to establish a standard permitting process for commercial-to-residential conversions.
Amid a struggling office real estate market, the city has seen a number of old office properties convert to residential use over the last several years. The proposal to create a special use permit (SUP) process for the conversions will head to the Planning Commission on Tuesday, Jan. 6.
A proposal for the conversion of a five-story Old Town office into a 20-unit apartment building is headed to the Planning Commission next month.
The 27,000-square-foot office at 732 N. Washington Street has been home to the American Statistical Association (ASA) for 20 years. Now ASA is asking for the city’s permission to convert it into an apartment building with a roof deck and apartment balconies/patios with the following units.
Alexandria’s apartment rental costs have cooled over the past year, but remain well above pandemic-era lows.
The city’s median apartment-rental rate in November was $1,996 for a one-bedroom unit, $2,452 for two bedrooms and $2,179 for all units, according to the monthly data analysis by Apartment List.
An Alexandria developer has proposed replacing a small outdoor parking lot in Old Town with a new mixed-use apartment building.
Windmill Hill is seeking approval to build a three-story, eight-unit apartment building with ground floor retail at 220 and 224 S. Peyton Street. The 4,400-square-foot property is currently home to a 16-space outdoor parking lot located about a quarter-mile from the King St.-Old Town Metro station.
The Alexandria Fire Department extinguished a kitchen fire in a West End high-rise apartment yesterday (Sunday) that caused visible clouds of black smoke.
The resident of an apartment at the 5800 block of Quantrell Avenue called AFD around 2 p.m. Sunday to report a smoking microwave. Fire crews arrived at the apartment to find black smoke billowing from the tenth-floor apartment’s balcony.
The Alexandria Fire Department transported two people to Inova Fairfax Hospital last night (Tuesday) after responding to a two-alarm high-rise apartment fire in Landmark.
The fire on the 14th floor of London Park Towers at 5375 Duke Street was reported at around 6:30 p.m. Tower 203 crews arrived and found the apartment unit engulfed in flames which were visible from the street.
A massive plan to buildout the remaining areas of Potomac Yard with 640 residential units, 13,000 square feet of retail space and public open space is heading to the Alexandria Planning Commission next month.
Developers MTV Holdco, LLC, Wesley Housing Development Corporation and Toll Mid-Atlantic LP Company, Inc, have partnered for the buildout of the four remaining vacant parcels in Potomac Yard. The full package heads to the Planning Commission on Dec. 2.
