Are studio apartments actually more expensive than one-bedrooms in the DC area?
A recent analysis by HotPads show that the typical studio apartment in the DC area rents for $255 more per month than the typical one-bedroom apartment. The median rent for studios is $2,055 compared to a median rent of $1,800 for one-bedrooms. Meanwhile, the median studio is 241 square feet smaller than the median one-bedroom.
Nationwide, the dynamic is similar, with studios renting for roughly $125 more monthly than the typical one-bedroom -- $1,385 per month compared to $1,260 per month. Studios are pricier than one-bedrooms in 45 of the nation's largest metro areas. In Los Angeles, the rent differential is a whopping $1,650, while in San Francisco, the rent differential is $1,400.
Much of this price difference is due to studios usually being concentrated in more centralized locations in the city. The study notes that studios tend to be a third of a mile closer to job centers than one-bedrooms, while one-bedrooms are more plentiful throughout the metro area housing supply.
This article originally published at https://dc.urbanturf.com/articles/blog/are-studio-apartments-in-the-dc-area-a-pricier-option/14933.
Most Popular... This Week • Last 30 Days • Ever
UrbanTurf created Pipeline, a searchable database of multifamily projects that are un... read »
As we head towards the end of the year, UrbanTurf is wrapping up its coverage of larg... read »
Prices in Wesley Heights, a DC neighborhood to the south of Spring Valley bordered by... read »
Today, UrbanTurf takes a look at the distinct differences between these two popular f... read »
The plans for the new two-building residential project at Union Market got a big thum... read »
A new report out this week found that homes in the DC region are selling nearly a wee... read »
DC's Board of Zoning Adjustment approved the requested relief for a planned 32-unit c... read »
When Amazon announced in 2018 that it would be opening a second headquarters in Virgi... read »
A revised plan is on the boards for a group of five townhouses in the middle of China... read »
The proposed district would encompass the neighborhood's commercial strip along Conne... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... 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!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro