DC Rent's Slightly Less Pricey

courtesy of Apartment List

DC may have the third highest average rents among US cities but at least rent hasn't gone up over the last six months. And this happened as the national average went up by 2.5%. Data released by Apartment List found that two-bedroom apartments in DC were down 1% in March. That comes out to a savings of more than $1k a year for your average two-bedroom apartment, data scientist Max Rosett told DC Inno. Of the city's 10 most expensive neighborhoods, nine now have a median two-bedroom rent above $3k per month. Meanwhile, Bethesda's average rent for two-bedrooms just barely edged out DC in March, although this could be a minor blip rather than a trend. All of DC's suburbs showed rents higher than the national average, with the highest prices being in Chinatown, Foggy Bottom and Georgetown. Lower rents were in Kingman Park and Trinidad. [DCInno]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

Suburban D.C. County Weighs Microhousing As Affordability Salve

Fannie Mae, Freddie Mac Rewrite Underwriting Standards For NYC's Rent Freeze

RealPage Antitrust Case Ends With Nearly $360M In Settlements For Renters

ZOM Living Entity Files For Bankruptcy To Fund Fight To Overturn $323M Judgment

Golden Apartment Building Sells For $62M To Chicago Company

New Student Housing Towers Lease Up Quickly In University City, But Developers Can't Build More

Nord Group's Lawyer Moves To Quit, Says Entities Can't Pay Him

Salesforce Plans Innovation Hub Downtown: The D.C. Deal Sheet

Housing Completions Close To 40,000 As LDA Adds Major Site And CEO Departs

Voorhees Greenlights 178-Unit Office-To-Resi Conversion Amid Multifamily Boom

Battered Mortgage REIT Suspends Dividend To Preserve Cash

Master Plan Is Underway For Southwest D.C., Chief Federal Planner Says