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I have to admit I don't know what the Market Common is in Clarendon (is it the metro stop maybe?), but the closer you are to Clarendon Blvd or Wilson Blvd, the more desirable and the more safe the area is. Arlington is pretty darn safe in general, although North Arlington (north of Arlington Blvd/Route-50) is generally considered safer and more desireable.
Are you looking at apartment buildings (hi-rise), complexes (garden), or houses? In Arlington, the newer highrises are quite nice and in excellent locations, but of course there's the cost...
I live in Ballston within 2 blocks of the Metro stop and there are a few nice buildings here, but I don't have much of a clue as to their rates. I'll try to address any specific questions you may have though.
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