What's Hot: Why Tysons Needs 10,000 More Apartments
What Is Happening With One- And Two-Bedroom Rents Around DC
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A new report finds that rents are falling in many jurisdictions around the DC region. ApartmentList's September report shows that rents in the city fell 1.2% year-over-year.
"The median rent in Washington, DC fell by 0.1% over the course of August, and has now decreased by a total of 1.2% over the past 12 months," the report stated. "Washington, DC’s rent growth over the past year is similar to the national average (-0.9%)."
A look at rents around the region finds that, in most places, there were incremental shifts up and down compared to last year, a stark contrast to recent years when rents rose nearly everywhere.
"Washington, DC is the #14 most expensive large city in the U.S.," the report stated. "DC rents went down 0.1% in the past month, compared to the national rate of -0.2%."
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This article originally published at https://dc.urbanturf.com/articles/blog/what_is_happening_with_one-_and_two-bedroom_rents_around_dc/23820.
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