Washington D.C. remained the fourth most expensive rental market in the nation in February, with the city-wide median for a 1-bedroom apartment asking $2,000.
Though maintaining fourth position, rents actually declined last month, with 1-bedrooms down 0.5% in the month, and 2.4% in the quarter. Similarly, rents across all bedroom types slid 0.6% and 2.7%, respectively.
At a neighborhood level, Georgetown commanded the highest prices, up 4% to a median of $2,600. Rounding out the top three most expensive were Downtown – Penn Quarter (-1.6%, -2.7%, $2,510) and Foggy Bottom – GWU (+4.2%, +0.4%, $2,500).
Trending Up:
– Though still down 0.4% on the quarter, Dupont Circle jumped to the 6th most expensive neighborhood to rent, with an increase of 4.1% in February to a median of $2,289.
– Brookland was up 3.3% in the month, and 3.8% in the trailing quarter, with a median of $1,898.
Trending Down:
– Columbia Heights slid 2.3% and 7.9%, in the month and quarter. The median 1-bedroom asked $2,100.
– Woodley Park decreased 2.4% in the month and 4.7% in the quarter, with a median of $2,018.
To see how DC stacks up to the rest of the country, and view full rental data for the top 50 cities in the US, read our National Rent Report for February.
Keep up to date with rent changes across the country – like or follow Zumper on Facebook and Twitter. In the market for a new place? Search over 3,900 apartments for rent in DC.