UrbanTurf Reader Asks: $330 a Month in Rent in DC?
✉️ Want to forward this article? Click here.
In this installment of UrbanTurf Reader Asks, a reader inquires as to whether or not the type of legendary rent deals that are famous in New York City exist in DC.
This past weekend, I was reading The New York Times real estate section and came across a story about a man who rents a 1,200 square-foot, four-bedroom Greenwich Village apartment for just $331 a month. The apartment is one of 16,000 rent-controlled apartments in New York, and is located in an area where two-bedroom apartments fetch $4,500 a month. I have lived in DC for several years, renting first and then buying, and have never heard of deals this good. Does anything like the New York City apartment deal exists in DC, outside of subsidized or affordable housing? As jealous as I would be, I would love to hear of any stories about people who pay obscenely low rent in the city.
Rent control in DC was established as part of the Rental Housing Act of 1985. Essentially, it restricts the frequency and amount by which owners of housing units covered by rent control can adjust the monthly rents of their tenants. It also requires landlords to give tenants adequate notification of rent increases and provides for an appeals process for tenants who believe that rents have been raised improperly. For housing subject to rent control, adjustments in rent amounts are only permitted once every 12 months and tenants must receive a minimum of 30 days notification of proposed increases.
A ward-by-ward look at DC properties subject to rent control.
Post your responses in the comments section. If you would like to submit a question for UrbanTurf Reader Asks, send an email to editor2011@urbanturf.com.
See other articles related to: rent control, urbanturf reader asks
This article originally published at https://dc.urbanturf.com/articles/blog/urbanturf_reader_asks_330_a_month_in_rent_in_dc/4981.
Most Popular... This Week • Last 30 Days • Ever
Post Brothers purchased the building at 2100 M Street last year.... read »
The new residential project would take the place of largely vacant office buildings a... read »
This 5,000 square-foot listing is about as close as the city comes to a property that... read »
Back in July, we wondered if the housing market in the DC region was moving in favor ... read »
Mount Pleasant restaurant gets national acclaim; signs of good things in the DC-area ... 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