DataMarkets & Economy

Apartment List releases September rent report for DC

August rent data shows summer prices are starting to cool down
  • Washington D.C. rents decreased by 0.4 percent from July to August, bringing year-over-year growth to 4.1 percent.
  • The most expensive neighborhood for D.C. renters is, once again, Foggy Bottom-GWU. Rents here are at $4,500 for a two-bedroom and $2,750 for a one-bedroom.
  • The neighborhood with the fastest-growing rents in D.C. is Cathedral-Wesley Heights, where rents experienced an annual growth rate of 8.1 percent in August.

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Apartment List recently released the September rent report for Washington D.C., finding rents decreased by 0.4 percent from July to August, bringing year-over-year growth to 4.1 percent.

Summer cooling down?

160819 September rent report v3_DC line_041

As of August, D.C. rents grew 4.1 percent year-over-year. Two-bedroom apartments in the nation’s capital now claim a median rent of $3,100, while one-bedrooms are at $2,210. These prices are a spike down from July, as rents decreased by 0.4 percent over the past month.

Most expensive neighborhoods

160819 September rent report v3_DC neighborhood rent_043

The most expensive neighborhood for D.C. renters is, once again, Foggy Bottom-GWU. Rents here are at $4,500 for a two-bedroom and $2,750 for a one-bedroom. The fourth most expensive neighborhood for renters is Dupont Circle, with rents at $3,450 for a two-bedroom and $2,450 for a one-bed.

Neighborhoods with fastest-growing rents

160819 September rent report v3_DC neighborhood YY_042

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The neighborhood with the fastest-growing rents in D.C. is Cathedral-Wesley Heights, where rents experienced an annual growth rate of 8.1 percent in August. Next in line is H Street-NoMa, where rents grew by 7.7 percent over the past year, leading to median rent rates of $2,970 for a two-bedroom and $2,300 for a one-bedroom.

 

For methodology and data for other neighborhoods in DC, see Apartment List’s full report.

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