While Washington, D.C.’s rents declined in January 2017, this previous month was the seventh straight month of rent increases for the city, according to Apartment List. Rents grew 0.3 percent month-over-month, but they are also down by 0.5 percent year-over-year.
While analyzing statistics from the Census Bureau and their own listing data, Apartment List further reported that a one-bedroom apartment in the District currently costs a median of $1,340 per month, while a two-bedroom costs a median $1,550 per month. The national average for a two-bedroom is $1,160 per month.
Rents have risen in seven of the 10 largest cities in the D.C. Metro area with Rockville, Maryland, seeing the fastest rent growth with a year-over-year increase of 2.7 percent. Out of the largest cities in the area, Bethesda, Maryland, has the priciest rents with a two-bedroom median of $2,400 per month, which is a 0.9 percent year-over-year increase.
Below, check out more data from Apartment List on cities in the area. For more data and more information on this report’s methodology, be sure to go to Apartment List here.
• September 2017 Washington, DC Rent Report [Apartment List]