• Rents in D.C. have grown more quickly than national rents between April and May, at almost 1 percent.
  • Overall, D.C. rents are 3.7 percent higher than they were at May of last year.
  • The most expensive neighborhood for renters in Washington D.C. continues to be Foggy Bottom-GWU-West End.
  • H Street-NoMa is the neighborhood with the fastest-growing rents in D.C. in year-over-year growth.

This week, Apartment List recently released its June rent report for Washington D.C. The findings? Rents in D.C. have grown more quickly than national rents between April and May, at almost 1 percent.

Washington D.C. rent growth higher than national average

DC line - Rent Growth_ Washington DC vs the US

Rents in D.C. increased by 0.9 percent over the past month. A two-bedroom unit now rents for a median price of $3,080, while a one-bedroom rents for $2,200. Overall, D.C. rents are 3.7 percent higher than they were at May of last year, which puts D.C. rent growth a full percentage point ahead of national rent growth.

D.C.’s most expensive neighborhood

DC neighborhood rent - Median 2BR Rents in DC Neighborhoods

The most expensive neighborhood for renters in Washington D.C. continues to be Foggy Bottom-GWU-West End. The median rent price for a two-bedroom apartment in the Foggy Bottom area is $4,200, while a one-bedroom rents for $2,770. Prices in this neighborhood are ahead of every other D.C. neighborhood by a wide margin of more than $600.

H Street-NoMa has D.C.’s fastest growing rents

DC neighborhood YY - Y_Y Rent Growth in DC Neighborhoods

H Street-NoMa is the neighborhood with the fastest-growing rents in D.C. in year-over-year growth, which is 7.7 percent higher than May 2015. However, Mount Vernon Square is catching up at an astonishing rate, with a whopping 3.5 percent growth in rent prices in the last month and growth of 7.6 percent since May 2015.

To find methodology and data for other neighborhoods in Washington D.C., see Apartment List’s City Report.

Yuki Graviet Knapp is a Content Marketing Associate with the Growth Team at Apartment List and is a resident of the Bay Area. 

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
New January Connect speakers added: M. Ryan Gorman, Josh Team, Glenn Kelman and more.SEE THE SPEAKERS×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription