Compared to last year, rents in the nation’s capital have risen by 4 percent. According to a new report by Apartment List, one-bedroom rentals in Washington, D.C. now cost a median $2,220 per month, while two-bedrooms are now asking a median $3,050 per month.
In comparison to other cities in the D.C. Metro region, D.C. slays in terms of rent prices. Bethesda, Maryland has the second highest rents in the region, with a median monthly rent of $2,050 for one-bedroom rentals. In third place, Arlington, Virginia one-bedrooms are asking a median monthly rent of $2,650.
In D.C. proper, the neighborhood with the highest asking prices, according to Apartment List, is the Foggy Bottom-GWU-West End area. One-bedrooms cost renters a monthly median of $2,710. For two-bedrooms, the monthly median rent is $4,480. In comparison to last year, rents in the area have risen by 6.8 percent.
In order to come up with these numbers, Apartment List analyzed millions of listings on their site, calculating price changes by using a "same unit" methodology, which takes the average price change for units available across both time periods. To see the full report, go here.