Apartment List’s March 2016 Rent Report for the Washington DC metro is here! With rents rising across the country, we took a look at some of the largest cities in the U.S. to see how they fare.
The result? DC’s rent growth rate is being outpaced by rent growth in the United States overall.
DC rents are still expensive
Despite the fact that DC rents are growing at a slower pace than the national average, apartment living in the nation’s capital is no small feat. One bedrooms here are averaging about $2,200 in rent, and two-bedroom apartments are at $2,980.
Arlington is the 2nd most expensive city in the DC Metro
Second only to DC proper, Arlington is the most expensive city in the DC metro. A two-bedroom here costs about $2,600 to rent, and a one-bedroom is at $1,990. Over the past year, rent prices in Arlington have increased by 2.3 percent.
Foggy Bottom-GWU-West End is most expensive
With two-bedroom apartments averaging $4,150 and one-bedroom units at $2,690, the Foggy Bottom-GWU-West End neighborhood is the DC metro’s most expensive.
[Tweet “Foggy Bottom-GWU-West End rents increased 5.4 percent annually”]
Rents here have increased by 5.4 percent over the past year, making it the neighborhood with the fastest rent growth in the area as well.
For methodology and data for other neighborhoods and cities in the DC metro, see DC rents.
Yuki Graviet Knapp is a Content Marketing Associate with the Growth Team at Apartment List and is a resident of the Bay Area.
