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D.C. ranks 4th in the nation for the most expensive rentals

DC is making major headway in becoming particularly pricey for rentals. Watch your wallets.

In news that surprises no one, DC ranks 4th in the nation for most expensive rents this month at $2,200, right behind San Francisco at $3,440, New York City at $3,130, and Boston at $2,220. Quite a dubious honor.

Analysis firm Zumper has released their National Rent Report for September, which reviews over 100 cities nationwide to compile millions of verified listings on their site.

In this August’s edition of their National Rent Index, DC really fought for and earned their spot, jumping up two spots in the rankings to overtake both San Jose and Oakland to become the fourth most expensive rental market in the U.S. One bedroom prices increased 2.8% to $2,200, while two bedroom prices increased 3.4% to $3,080. This increase is particularly notable because Washington, DC was the only city in the top ten to see an increase in both one and two bedroom prices this month. Strange.

And interesting, because it bucks the national trend, where the national median price of both one and two bedrooms fell simultaneously for the first time this year. One beds dropped 0.8% to $1,146, while two beds decreased 1% to $1,358.