DC Rent's Slightly Less Pricey

Photo credit: 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

270-Unit Manassas Gated Community Sells: The D.C. Deal Sheet

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Bringing Stability And Savings To CRE Insurance Through Working Layer

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Miami's Condo Craze Has Developers Spending Millions On Sales Galleries

BXP Closes In On Next D.C. Office Development As It Shrinks Assets

Slate, Hudson Cos. Picked To Develop Massive Queens Housing Project

Ryan Cos. Secures Permit For Austin's Sixth Street Redevelopment

How Metropolis Is Bringing Parking Into The Future With AI And Recognition Technology

Rapper Rick Ross Joins 670-Unit Miami Gardens Condo Project

How A New Financing Model Helps Spur More Mixed-Income Housing