How Much Have DC-Area Apartment Rents Risen in the Last Year?
✉️ Want to forward this article? Click here.
The theme in both the national and DC-area rental market of late has been the steady rise in apartment rents over the last year. A new report sheds a bit more light on how much rents have risen at the top of the market.
Delta Associates released their second quarter Class A apartment report for the DC region this week. Class A apartments are typically large buildings built after 1991, with full amenity packages.
Below, UrbanTurf gathered data regarding what has happened with apartment rents around the region since last June.
story continues below
loading...story continues above
In most parts of the region, average monthly rents for apartments have risen above $2,200 a month. The area around Crystal City, Virginia saw rents jump 20% for Class A units since June 2021; Capitol Hill/Navy Yard (17%) and Alexandria and Upper Georgia Avenue (13%) are close behind when it comes to increases.
The table includes just a sample of rents around the region. Email us at editor(at)urbanturf.com if there is another submarket rent that you are interested in.
Note: The rents are an average of studios, one and two-bedroom rental rates at Class A high-rise buildings.
See other articles related to: apartments, class a apartments, dc apartment market, dc apartment rents, dc area rental market
This article originally published at https://dc.urbanturf.com/articles/blog/how-much-have-dc-apartment-rents-risen-in-the-last-year/19900.
Most Popular... This Week • Last 30 Days • Ever
The university and developer Greystar have filed plans with DC for the new Fusion Bui... read »
As the redevelopment of the Mazza Gallerie mall in Friendship Heights heads towards c... read »
One of the critical factors in determining whether refinancing is a wise decision is ... read »
Sentinel Real Estate filed a revised conceptual site plan application this week to re... read »
The 14,000 square-foot listing in the Langley Farms neighborhood went under contract ... 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