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Updated 5+ Days Ago

Highlights

  • Modern amenities
  • On-site laundry facilities
  • Cable ready
  • On-site maintenance
  • High-speed internet
  • Extra storage options

Location

500 S Walter Reed Dr, Arlington, VA 22204, USA|Penrose
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Floor plans

1BR/1.0BA1 bed1 bath700 sqftWelcome to Walter Reed Apartments in Arlington, VA! Our recently updated building offers modern amenities and conveniences for our residents. Enjoy the convenience of reserved and open parking, on-site laundry facilities, and on-site maintenance for any issues that may arise. With flexible payment options through FLEX and the ability to report rent and build credit with IDIQ, we make renting easy and stress-free. Take advantage of our open green communal spaces for outdoor relaxation, high-speed internet for all your connectivity needs, and public transportation just steps away for easy commuting. Each apartment features separate heating and AC, extra storage options, beautiful hardwood floors, and is cable ready for your entertainment needs. Come experience the comfort and convenience of Walter Reed Apartments today! Prices and special offers valid for new residents only. Pricing and availability subject to change at any time. Don't delay or you will miss out...call us today! Ask about our Holiday Deal! Limited Time Only!

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Rent trends in Penrose

Median rents as of Oct 24 2026.
Penrose
Arlington
A table of studio rental data trends in Arlington
MonthMedian Rent
November 2024$1,991
December 2024$2,007
January 2025$2,048
February 2025$2,077
March 2025$2,054
April 2025$2,025
May 2025$1,920
June 2025$1,923
July 2025$1,970
August 2025$2,054
September 2025$2,067
October 2025$2,038
November 2025$2,028
December 2025$1,987
January 2026$2,025
February 2026$2,022
March 2026$2,093
April 2026$2,116
May 2026$2,061
June 2026$2,070
July 2026$2,042
August 2026$2,026
September 2026$1,992
October 2026$2,105
A table of studio rental data trends in Penrose
MonthMedian Rent
June 2026$1,680
July 2026$1,680

Schools near Walter Reed Apartments

Montessori Public School of Arlington

701 s highland st

arlington, VA, 22204

PK, K-5Public
A-

Alice West Fleet Elementary School

115 south old glebe rd

arlington, VA, 22204

PK, K-5Public
A

Integration Station

4420 fairfax dr

arlington, VA, 22203

PKPublic

Campbell Elementary School

737 s carlin springs rd

arlington, VA, 22204

PK, K-5Public
A-

Early Childhood Center

5651 rayburn ave

alexandria, VA, 22311

PKPublic
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Getting around Arlington near 500 S Walter Reed Dr

Walking

7/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

6/10
This area is close to freeways and has adequate parking options.

Cycling

8/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

7/10
Popular public transit options are just a short walk from this location.

Points of interest for 500 S Walter Reed Dr, Arlington

Groceries

8/10
At least one supermarket within a 15-minute walk

Shopping

6/10
Several shops within a few minutes’ walk

Cafes

5/10
Some cafés within a few minutes’ walk

Restaurants

7/10
Variety of restaurants within a few minutes' walk

Primary schools

9/10
At least one elementary school within a 10-minute walk

High schools

9/10
At least one high school within a 5-minute walk

Nightlife

4/10
Some bars within walking distance

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