The Grayson
1215 N Fayette St,
Alexandria, VA 22314
$2,250 - $4,075 | 1-2 Beds
Old Town
Alexandria, VA
Old Town - Alexandria, VA
Area Guide
Old Town’s historic market is steeped in charm and fresh goods!
Charming
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History
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Live Music
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Architecture
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Boating
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Museum
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Virginia
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Old Town sits across from Washington DC, along the Potomac River in Alexandria. Founded in 1749, the old charm of the neighborhood lives on in converted Colonial-era buildings which now house modern conveniences. Along Old Town’s cobblestone streets, you’ll discover an array of independent boutiques, artisan shops, wine bars, and farm-to-fork restaurants.
The farmers market in Market Square is your place for fresh cut flowers, hand-dipped candles, and made-from-scratch baked goods. The plaza is more than 250 years old - George Washington’s Mount Vernon estate was a regular vendor back in the day!
King Street is not only dotted with eateries and shops, but also nightlife and live jazz! The iconic Gadsby’s Tavern on North Royal Street fed many early presidents and continues to run as a restaurant - but also as a museum! King Street and Waterfront Parks provide residents recreational and boating opportunities along the river.
Rent Trends
As of June 2025, the average apartment rent in Old Town is $1,886 for a studio, $2,544 for one bedroom, $3,432 for two bedrooms, and $3,619 for three bedrooms. Apartment rent in Old Town has increased by 3.8% in the past year.
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Studio
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469 sq ft
Average Sq Ft
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$1,886/month
Average Rent
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1 BR
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716 sq ft
Average Sq Ft
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$2,544/month
Average Rent
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2 BR
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1,019 sq ft
Average Sq Ft
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$3,432/month
Average Rent
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3 BR
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1,302 sq ft
Average Sq Ft
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$3,619/month
Average Rent
Transportation
96
Walker's Paradise
out of 100 WalkScore® Rating
Lace up your walking shoes because this area is considered a walker’s paradise.
65
Good Transit
out of 100 TransitScore® Rating
The area around this property has good transit with many nearby transportation options.
81
Very Bikeable
out of 100 BikeScore® Rating
This area is very bikeable. You’ll find a variety of bike paths and lanes.
Points of Interest
Shopping Centers
Parks and Recreation
- Carlyle House Historic Park
- Alexandria Archaeology Museum
- Tuckahoe Park
- George Washington Memorial Parkway/Dyke Marsh Wildlife Preserve
- Four Mile Run Park
Commuter Rail
Military Bases
Airports
- Ronald Reagan Washington Ntl
- Washington Dulles International
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.