Home | Newsletter | Advertise

DC Rental Market Ranks As Country's Third Most Expensive Even As Rents Fall

  • January 6th 2016

by Tianna Mañón

✉️ Want to forward this article? Click here.

DC Rental Market Ranks As Country's Third Most Expensive Even As Rents Fall: Figure 1
The most expensive rental markets in the nation. Click to enlarge.

The nation’s capital has the third most expensive rental market in the country, per a recent report, even as rents have leveled off or fallen among some property types in DC.

According to Apartment List, the DC rental market ranks behind only San Francisco and New York in terms of priciness. (The list ranks markets based on the rental rates for two-bedroom units.) The average price for a one-bedroom apartment in the city is $1,980 a month, an increase of 1.8 percent from last year. The average rental rate for a two-bedroom is $2,800 a month, about a percentage point lower than last year.

In comparison, a two-bedroom apartment in New York rents for $3,400 a month on average; in San Francisco, two-bedrooms are averaging $4,610. The data used for this article comes from the DC listings included on Apartment List.

Back in October, DC ranked high on another list put together by Apartment List: the cities and states with the highest percentage of cost-burden renters. 48 percent of renters in DC spend more than 30 percent of their income on rent making the city the 9th most cost-burdened city for renters in the country.

See other articles related to: apartment list, new york city, san francisco

This article originally published at https://dc.urbanturf.com/articles/blog/dc_rental_market_ranks_as_countrys_third_most_expensive/10721.

Pipeline: New Condos & Apartments Coming to the DC Area

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

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse