The Most Expensive Neighborhood For Renters In DC Is…
Renters across the District continue to feel the squeeze, but residents in three particular neighborhoods have to dig a little deeper in their pocketbooks than most at the end of the month.
Curbed passes along the latest findings from Zumper, which recently released its median one-bedroom rent report for the District. Checking in as the most expensive is the neighborhood of Penn Quarter-Chinatown, where the median monthly rent for a one-bedroom comes in at $2,750.
That neighborhood continues to be in a neck-and-neck battle with Georgetown and Foggy Bottom for the area with the priciest digs. One-bedrooms in Georgetown will set renters back $2,700 per month, while residents in Foggy Bottom can expect to cough up $2,650. Renters will find a little more bang for their buck in Anacostia, Kingman Park and Trinidad-Langston, all of which come in at $1,400 or less.
As we learned at our National Multifamily Conference, the long-term outlook for multifamily remains strong, but developers and landlords would be wise to keep up with the latest amenity trends to keep the rent rolls full. [Curbed]
