Rental market snapshot for Downtown, Washington
Downtown rental market summary
The rental market in Downtown, District of Columbia is showing signs of growth. In July 2023, there were 148 new listings, a 4.3% increase from the same time last year. The median rent for the area also increased from $2,820 in July 2022 to $2,700 in July 2023, a 1.1% increase from the previous month. This suggests that the rental market is becoming more competitive, with more people looking for rental properties in the area.
Overall, the rental market in Downtown, District of Columbia is showing positive signs of growth. The number of new listings and the median rent have both increased over the past year, indicating that the area is becoming more desirable for renters. With more people looking for rental properties in the area, landlords can expect to see higher demand and increased competition for their properties.
Median rent for all residential properties in Downtown
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The most expensive listings and top trending buildings in Downtown
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
925 H St NW | $5,250 | 2 / 2.5 |
770 5th St NW | $5,155 | 3 / 2.0 |
733 15th St NW | $4,310 | 2 / 2.0 |
400 8th St NW | $4,238 | 2 / 2.0 |
770 5th St NW | $4,180 | 2 / 2.0 |
Top Trending Buildings
building name | avg rent price |
---|---|
Camden | $3,069 |
SJG Properties LLC | $2,977 |
Horning Brothers | $2,800 |
TIAA-CREF - Greystar | $2,444 |
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Bedroom Breakdown in Downtown
Downtown neighborhood apartments rents
The rental market for studios in Downtown, District of Columbia is showing signs of stability. In July 2023, there were 6 new studio listings, and the median rent for studios decreased by 3.6% from June 2023 to July 2023, from $2,240 to $2,158. This suggests that the rental market is not experiencing any drastic changes, and that the market is likely to remain stable in the near future.
The rental market for 1-bedroom apartments in Downtown, District of Columbia is showing signs of growth. In July 2023, there were 21 new 1-bedroom listings, which is a 5.6% increase from the previous month. The median rent for 1-bedroom apartments in July 2023 was $2,529, which is a 5.6% decrease from the median rent in June 2023. This indicates that the rental market is becoming more competitive, with more options available for renters.
The rental market for 2-bedroom apartments in Downtown, District of Columbia is showing signs of growth. In July 2023, there were 9 new 2-bedroom listings, a 9.7% increase in median rent from June 2023 to July 2023, and a median rent of $3,839. This indicates that the rental market for 2-bedroom apartments in Downtown, District of Columbia is becoming increasingly competitive, with more people looking to rent and landlords raising their prices.