Rental market snapshot for Mount Vernon Square, Washington
Mount Vernon Square rental market summary
The rental market in Mount Vernon Square, District of Columbia is showing signs of growth. In July 2023, there were 292 new listings, a 14.6% increase from the previous month. This is a sign that the rental market is becoming more competitive, as more people are looking for housing in the area. The median rent in July 2023 was $2,980, a 14.1% increase from the same time last year. This indicates that the rental market is becoming more expensive, as demand for housing in the area is increasing.
Overall, the rental market in Mount Vernon Square, District of Columbia is showing signs of growth. The number of new listings and the median rent are both increasing, indicating that the rental market is becoming more competitive and expensive. This is a positive sign for the area, as it shows that the rental market is becoming more vibrant and attractive to potential renters.
Median rent for all residential properties in Mount Vernon Square
Get the latest rental data first
The most expensive listings and top trending buildings in Mount Vernon Square
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
1131 5th St NW | $6,000 | 3 / 2.5 |
801 3rd St NW | $5,395 | 2 / 2.0 |
801 3rd St NW | $5,392 | 2 / 2.0 |
801 3rd St NW | $5,317 | 2 / 2.0 |
801 3rd St NW | $5,225 | 2 / 2.0 |
Top Trending Buildings
building name | avg rent price |
---|---|
Quadrangle Development Corporation | $3,024 |
Elme Communities | $2,800 |
Gables Residential | $2,343 |
GIG | $2,238 |
Get the latest rental data first
Bedroom Breakdown in Mount Vernon Square
Mount Vernon Square neighborhood apartments rents
The rental market for studios in Mount Vernon Square, District of Columbia, is showing signs of growth. In July 2023, there were 15 new studio listings, a significant increase from the previous month. The median rent for studios in July 2023 was $2,419, an 11.2% increase from the median rent in June 2023 of $2,175. This suggests that the rental market for studios in Mount Vernon Square is becoming more competitive, with higher demand driving up prices.
The rental market for 1-bedroom apartments in Mount Vernon Square, District of Columbia, is showing signs of growth. In July 2023, 79 new 1-bedroom listings were added to the market, and the median rent for 1-bedroom apartments increased by 16.8% from June 2023 to July 2023, reaching $2,904. This indicates that demand for 1-bedroom apartments in the area is increasing, and that renters should expect to pay more for their rental in the coming months.
The rental market for 2-bedroom apartments in Mount Vernon Square, District of Columbia, is showing signs of growth. In July 2023, there were 36 new 2-bedroom listings, a 16.6% increase in rent from June 2023 to July 2023, and a median rent of $4,141. This indicates that the rental market is becoming more competitive and that demand for 2-bedroom apartments is increasing.