Rental market snapshot for Foggy Bottom, Washington

Foggy Bottom rental market summary

The rental market in Foggy Bottom, District of Columbia, is showing signs of growth. In July 2023, there were 217 new listings, a 7.0% increase from the same time last year. The median rent in July 2023 was $3,000, a 2.9% increase from the previous month and a 7.0% increase from July 2022. This indicates that the rental market in Foggy Bottom is becoming increasingly competitive, with more people looking to rent in the area.

The increasing demand for rental properties in Foggy Bottom is likely due to its close proximity to Washington D.C. and its many amenities. The area is home to a variety of restaurants, shops, and entertainment venues, making it an attractive option for renters. Additionally, the area is well-connected to the rest of the city, with easy access to public transportation and major highways. With its growing popularity, Foggy Bottom is an ideal place to rent for those looking for a convenient and vibrant living experience.

Median rent for all residential properties in Foggy Bottom

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The most expensive listings and top trending buildings in Foggy Bottom

Most Expensive Listings

AddressRent PriceBed / Bath
2401 Pennsylvania Ave NW$9,7852 / 2.5
1110 23rd St NW$6,4952 / 2.0
2221 I St NW$6,0992 / 2.0
2221 I St NW$5,9832 / 2.0
2221 I St NW$5,9332 / 2.0

Top Trending Buildings

building nameavg rent price
JBG Smith$3,783
The Gelman Companies$2,901
Bernstein Management Corp.$2,785
Community Realty Company Inc. (CRC)$2,515
Columbia Plaza Limited Partnership$1,930

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Bedroom Breakdown in Foggy Bottom

Studio
$2,020
MEDIAN RENT
1 Bedroom
$2,663
MEDIAN RENT
2 Bedroom
$4,850
MEDIAN RENT

Foggy Bottom neighborhood apartments rents

The rental market for studios in Foggy Bottom, District of Columbia, is showing signs of growth. In July 2023, there were 9 new studio listings, representing an increase in the number of available rental units. The median rent for studios in July 2023 was $2,020, a decrease of 20.1% from the median rent in June 2023 of $2,529. This suggests that the rental market for studios in Foggy Bottom is becoming more affordable, making it an attractive option for renters.

The rental market for 1-bedroom apartments in Foggy Bottom, District of Columbia, is showing signs of growth. In July 2023, there were 20 new 1-bedroom listings, and the median rent for 1-bedroom apartments decreased by 3.0% from June 2023 to July 2023, from $2,746 to $2,663. This indicates that the rental market is becoming more competitive, with more options available for renters.

The rental market for 2-bedroom apartments in Foggy Bottom, District of Columbia, is relatively stable. In July 2023, there were 11 new 2-bedroom listings, and the median rent remained unchanged from June 2023 at $4,850. This indicates that the rental market is not experiencing any significant changes in terms of pricing or availability.

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of 2023-07-31, the median rent in Foggy Bottom is $3,000.
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