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D.C. Rises from Sixth Most Expensive Rental Market to Fifth

Zumper once again created a new national rent report, compiling data from over 1 million listings in December 2015 for the top 50 metro areas in the nation by population. For Washington, D.C., it rose from the sixth to the fifth most expensive rental market in the nation. In February 2015, it was named the fourth most expensive in the nation, but lowered to sixth in November 2015 when Oakland's and San Jose's median rent prices skyrocketed past the District's median prices. For this past December, Zumper reported that the median rent for a one-bedroom apartment in Washington, D.C. was $2,160/month, 5.4 percent higher compared to last year. Meanwhile, the median price of a two-bedroom apartment lowered 2.1 percent compared to last year, dropping to $2,900/month.

In Zumper's report, San Francisco topped the list as the most expensive rental market with a median rent of $3,500/month for one-bedroom apartments. To see the data compiled for the 49 other metro areas analyzed, you can check out Zumper's report here.

Apartment List had different numbers on Washington, D.C.'s rental market, probably because they looked at average numbers as opposed to median numbers. In their report on December 11, 2015, they reported that the average price of a one-bedroom apartment in the month of December 2015 was $1,980/month (1.8 percent higher year-over-year), while a two-bedroom apartment was an average of $2,800/month at the time (0.9 percent lower year-over-year).

· Zumper National Rent Report: December 2015 [Zumper]
· Apartment List National Rent Report [Apartment List]
· D.C. Falls from Fourth to Sixth Priciest Metro Area for Renting [Curbed DC]