What's Hot: A (Slight) Price Drop For Dianne Feinstein's DC Home | The Plans For a 68-Unit Condo/Townhouse Project in Downtown Bethesda
Rents Rise in Most Expensive U.S. Cities, But Drop in DC Area
Apartment rents continue to rise in the most expensive metropolitan areas in the country. That is, except for the DC region.
Trulia’s latest Price and Rent Monitor reveals that as rents head north in places like San Francisco and Seattle, they are dropping slightly in the DC area (identified pretty broadly by Trulia, as it includes sections of West Virginia). Between October 2012 and October 2013, rents actually fell in the DC region by 1.4 percent. The area remains the seventh most expensive place to rent a home in the county, but it was the only metropolitan area in the top ten where rents fell, year-over-year.
Courtesy of Trulia.
Trulia uses the median rent for a two-bedroom apartment as the metric by which to track rent movement. In San Francisco, that comes to $3,250 a month, which makes it the most expensive rental market in the country. The median rent for a two-bedroom in the DC area comes to $2,100 a month. In Phoenix, St. Louis and Las Vegas, the median rent for two-bedrooms comes in south of $1,000 a month.
Similar Posts:
- Rents Rise in Columbia Heights, Drop in Silver Spring, Upper NW
- Curated Craigslist: New DC Website Highlights Young People-Friendly Rentals
- 1914 vs. 2013: A Century of Rent Appreciation in DC
See other articles related to: rent, renting, renting in dc
This article originally published at https://dc.urbanturf.com/articles/blog/rents_rise_in_10_most_expensive_u.s._cities_but_drop_in_dc_area/7782.
Most Popular... This Week • Last 30 Days • Ever
Georgetown Metropolitan reported on Tuesday that the Instagram account for the nation... read »
The National Park Service has given the green light for DC's 62 year-old stadium to b... read »
A Home Equity Line of Credit, commonly referred to as HELOC, is a borrowing product t... read »
UrbanTurf continues our tour of neighborhood developments around the region as we tak... read »
A regular inclusion as one of DC's most expensive housing markets, Georgetown remains... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro