Washington, D.C. has maintained its rank as the fifth most expensive rental market in the country, but in the past few months its median price for a one-bedroom apartment has dropped by 0.5 percent to $2,110/month. Comparing rents year-over-year, prices are up for one-beds by 0.5 percent. Last June, real estate blog Zumper tabulated a variety of neighborhoods in Washington, D.C., ranking them by how expensive the median price of a one-bedroom apartment was in that area. This spring, Georgetown topped the list as the most expensive neighborhood with a median price of $2,600/month, but this fall, it looks like a new costly contender has entered the ring, knocking the Northwest neighborhood from its throne. Foggy Bottom, which is adjacent to Georgetown, rose in price in the last few months from $2,300/month to the current $2,600/month, while Georgetown's median price dropped only slightly to $2,500/month. The Downtown-Penn Quarter-Chinatown area also saw an increase from spring to fall of this year, from $2,450/month to $2,500/month. According to Zumper, the cheapest neighborhoods to rent in this fall are Anacostia ($910), Mount Rainier ($980), and the Woodridge-Fort Lincoln area ($1,300).
· DC Was The 5th Most Expensive Rental Market In The US This August [Zumper]
· Mapping the Cheapest and Most Expensive Places to Rent in Washington, D.C. Right Now [Curbed DC]