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Foggy Bottom is the Most Expensive Nabe to Rent in Right Now

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]