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Overview of Germantown

If you're looking for a community to escape the hectic bustle of Washington, D.C. without being too far from its amenities, Germantown apartments for rent may be the perfect option for you. Named one of CNN/Money Magazine's "Best Places to Live" in 2012, Germantown is a family-friendly community with a mere 5 percent unemployment rate. Ripe with culture and an energetic atmosphere, this city has plenty of activities throughout the year, including the annual Oktoberfest and local sporting events. According to City-Data, more than 86,000 people call Germantown home.

Living in Germantown

Germantown apartments for rent make it easy to access a stable housing market, high income per capita, high graduation rates and an abundance of amenities. According to AreaVibes, the city received a score of 79 for its livability. Boasting a unique historic charm within close proximity to modern amenities, Germantown has a little something to offer everyone. Residents of Germantown apartments are just seconds away from Interstate 270, which allows them to easily reach the major cities in Maryland and surrounding states.

Germantown Apartments and Cost of Living

Germantown apartments for rent may be 18 percent more than the going rate in Maryland, but most residents are willing to pay more for the high quality lifestyle and nearby amenities. The overall cost of living is 12 percent more than the nationwide average, and 13 percent less than the state's average. Renters will be delighted to hear that the median household income is 10 percent more than the median in Maryland.

Unless you're looking at apartments in Germantown's downtown area, you'll likely need a vehicle as this community is car-dependent according to WalkScore. However, transportation costs would put a huge dent in your wallet. The average cost of a gallon of gas is 3 percent more expensive than the state, and the commute is 8 percent longer.

Apartments in Germantown Work and Study

When looking at apartments for rent in Germantown, you'll have access to the job market and educational opportunities in Washington, D.C. However, those who don't want to travel for education can attend the local junior college, Montgomery College. The University of Washington, George Washington University, American University, Georgetown University and University of the District of Columbia are all located in downtown D.C.

Business opportunities are also abundant near Germantown. Some of the major employers include Fort Meade, University System of Maryland, Johns Hopkins University, National Institutes of Health, Aberdeen Proving Ground and U.S. Social Security Administration.

Market Trends

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