Rental market snapshot for Southwest Waterfront, Washington
Southwest Waterfront rental market summary
The rental market in Southwest Waterfront, District of Columbia, is showing signs of growth. In July 2023, there were 463 new listings, a significant increase from the previous month. The median rent for the month of July 2023 was $2,776, a 1.2% decrease from the previous month but a 4.3% increase from the same time last year. This indicates that the rental market in Southwest Waterfront is becoming more competitive, with more people looking for rental properties in the area.
Overall, the rental market in Southwest Waterfront is showing positive signs of growth. The number of new listings is increasing, and the median rent is increasing year-over-year. This suggests that the rental market in Southwest Waterfront is becoming more attractive to potential renters, and that the area is becoming a more desirable place to live.
Median rent for all residential properties in Southwest Waterfront
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The most expensive listings and top trending buildings in Southwest Waterfront
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 1331 Maryland Ave SW | $18,048 | 2 / 2.5 |
| 1331 Maryland Ave SW | $16,363 | 3 / 3.5 |
| 1331 Maryland Ave SW | $14,721 | 3 / 3.5 |
| 1331 Maryland Ave SW | $11,311 | 3 / 3.5 |
| 1331 Maryland Ave SW | $11,251 | 3 / 3.5 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Mitsui Fudosan America Inc. | $2,893 |
| UIP Property Management | $2,755 |
| Mill Creek Residential Trust (new) | $2,607 |
| Berkshire Communities | $2,541 |
| Greystar* | $2,529 |
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Bedroom Breakdown in Southwest Waterfront
Southwest Waterfront neighborhood apartments rents
The rental market for studios in Southwest Waterfront, District of Columbia, is showing a slight increase in July 2023. There were 12 new studio listings in July, and the median rent for studios increased by .5%, from $2,004 in June to $2,014 in July. This indicates that the rental market for studios in Southwest Waterfront is slowly increasing, and that renters should expect to pay slightly more for studios in the area.
The rental market for 1-bedroom apartments in Southwest Waterfront, District of Columbia, is showing signs of growth. In July 2023, 78 new 1-bedroom listings were added to the market, representing a 4.1% increase in median rent from June 2023 to July 2023. The median rent for 1-bedroom apartments in July 2023 was $2,565, indicating that the rental market is becoming more competitive. With the influx of new listings, renters in Southwest Waterfront have more options to choose from and should be prepared to pay higher rents.
The rental market for 2-bedroom apartments in Southwest Waterfront, District of Columbia, is showing signs of growth. In July 2023, there were 46 new 2-bedroom listings, a 5.9% increase in median rent from June 2023 to July 2023, and a median rent of $3,924. This indicates that the rental market for 2-bedroom apartments in Southwest Waterfront is becoming increasingly competitive, with more people looking to rent in the area.