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.

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?

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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.