Rental market snapshot for Adams Morgan, Washington
Adams Morgan rental market summary
The rental market in Adams Morgan, District of Columbia, is showing signs of growth. In July 2023, there were 209 new listings, a significant increase from the previous month. The median rent in July 2023 was $2,600, a 3.5% decrease from the previous month and a 5.5% decrease from the same time last year. This suggests that the rental market in Adams Morgan is becoming more affordable for tenants.
Overall, the rental market in Adams Morgan is showing signs of growth and affordability. With more new listings and lower median rent prices, tenants are able to find more affordable housing options in the area. This is a positive sign for the rental market in Adams Morgan and could lead to further growth in the future.
Median rent for all residential properties in Adams Morgan
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The most expensive listings and top trending buildings in Adams Morgan
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
1901 Connecticut Ave NW | $8,601 | 2 / 2.0 |
1901 Connecticut Ave NW | $7,405 | 2 / 2.0 |
1901 Connecticut Ave NW | $7,126 | 2 / 2.0 |
1901 Connecticut Ave NW | $7,021 | 2 / 2.0 |
1630 Columbia Rd NW | $6,569 | 2 / 2.0 |
Top Trending Buildings
building name | avg rent price |
---|---|
Mill Creek Residential Trust (new) | $3,868 |
Kettler Management | $3,144 |
WC Smith | $2,465 |
The Gelman Companies | $2,432 |
Akelius Real Estate Management LLC | $2,400 |
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Bedroom Breakdown in Adams Morgan
Adams Morgan neighborhood apartments rents
The rental market for studios in Adams Morgan, District of Columbia, is showing signs of growth. In July 2023, there were 22 new studio listings, a 5.7% increase in median rent from June 2023 to July 2023, and a median rent of $1,850. This indicates that the rental market for studios in Adams Morgan is becoming increasingly competitive, with more people looking to rent studios in the area.
The rental market for 1-bedroom apartments in Adams Morgan, District of Columbia, is showing signs of stability. In July 2023, there were 26 new 1-bedroom listings, and the median rent for 1-bedroom apartments only changed by 1.0% from June 2023 to July 2023, staying at $2,374. This indicates that the rental market is not experiencing any major fluctuations, and that the prices of 1-bedroom apartments in Adams Morgan are staying relatively consistent.
The rental market for 2-bedroom apartments in Adams Morgan, District of Columbia, is showing signs of growth. In July 2023, there were 8 new 2-bedroom listings, which is a significant increase from the previous month. The median rent for 2-bedroom apartments in July 2023 was $3,326, which is a 12.5% decrease from the median rent in June 2023. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants.