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First the good news: The median rent on both one- and two-bedroom apartments in Washington, D.C., declined year over year in September, according to a new analysis from real estate listings site Zumper.
The analysis tracks vacant and available apartments, so it’s a pretty good indicator of where the market is at.
The median one-bedroom rent was down 4.4 percent yearly to $2,160 a month; and the median two-bedroom rent was down a whopping 14.8 percent to $2,710.
Now the bad news: Washington remains one of the most expensive rental markets in the U.S., and rents appear to have barely changed from August. In fact, according to Zumper, the median one-bedroom rent didn’t budge at all. See below for how the district stacks up against other major cities.
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This data underscores just how expensive renting in the area has become for many. A recent analysis from Apartment List noted that as many as 1 in 5 tenant households in D.C. was severely rent-burdened—that is, spending at least 50 percent of household income on leasing costs. What’re you seeing?