Out of every Metro area in the nation, Washington, D.C. experienced the fourth largest rent increases from March 2016 to April 2016. ABODO reported that the average monthly price for a D.C. one-bedroom apartment in March was $2,485, but a month later it was 14 percent higher at $2,831.
San Jose had the largest rise out of every Metro area in the U.S. With a 28 percent increase, the average monthly rents rose from an average of $2,821 for a one-bedroom to $3,606.
Despite the climbing prices, the number of renters in the nation is still on the rise. In the U.S., the number of households that rent homes rose from 31 percent to 37 percent from 2005 to 2015, according to a study published by the Joint Center for Housing Studies of Harvard University.
To see more of ABODO's findings, go here.
UPDATE: It's worth mentioning that in Zillow's latest National Rent Report, the reported median for a one-bedroom apartment in Washington, D.C. is currently $2,200 per month. For more data from Zumper, you can see their report here.
• National Apartment Report: April 2016 [ABODO]