Jumping 2 spots this month and into the top 5 markets, Washington D.C. ranked as the 5th most expensive rental market in the nation. The price of one bedroom units grew 1% to a median of $2,010, while two bedroom units increased 4.9% to $2,760.
At a median of $2,500 a month for one bedroom units, Georgetown and Logan Circle – Shaw were the most expensive neighborhoods to rent this spring. Close behind, Mount Vernon Square, Dupont Circle, and Downtown – Penn Quarter – Chinatown were the next priciest areas.
Brightwood – Manor Park, Michigan Park, and Kingman Park had some of the fastest growing rents, all up over 10% since last quarter.
If you’re interested in seeing how D.C. compares with the rest of the United States, view our March National Rent Report, which analyzes over 1 million active listings available in the prior month.
To keep up to date with rent changes across the country, follow Zumper on Facebook, Twitter, and Instagram. In the market for a new place? Search over 4,000 DC apartments for rent on Zumper.
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