Rental market snapshot for U Street Corridor, Washington
U Street Corridor rental market summary
The rental market in U Street Corridor, District of Columbia is showing signs of growth. In July 2023, there were 143 new listings, a 9.8% increase from the previous month. The median rent in July 2023 was $3,132, a 4.9% increase from the same time last year. This indicates that the rental market in U Street Corridor is becoming increasingly competitive, with more people looking to rent in the area.
The increase in median rent is likely due to the high demand for rental properties in U Street Corridor. With more people looking to rent in the area, landlords are able to charge higher prices for their properties. This is a positive sign for the rental market in U Street Corridor, as it indicates that the area is becoming increasingly desirable for renters.
Median rent for all residential properties in U Street Corridor
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The most expensive listings and top trending buildings in U Street Corridor
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 1923 13th St NW | $7,300 | 4 / 2.5 |
| 1310 U St NW | $7,249 | 2 / 2.5 |
| 1441 U St | $5,854 | 2 / 2.0 |
| 1441 U St | $5,594 | 2 / 2.0 |
| 1310 U St NW | $5,175 | 2 / 2.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Greystar* | $3,245 |
| JBG Smith | $3,168 |
| TIAA-CREF - Greystar | $2,889 |
| Camden | $2,871 |
| HARPER | $2,745 |
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Bedroom Breakdown in U Street Corridor
U Street Corridor neighborhood apartments rents
The rental market for studios in U Street Corridor, District of Columbia, is showing signs of growth. In July 2023, there were 15 new studio listings, representing an increase in the number of available units. The median rent for studios in July 2023 was $2,095, an 8.5% increase from the median rent in June 2023 of $1,930. This suggests that the rental market for studios in U Street Corridor is becoming more competitive, with landlords able to increase their asking prices.
The rental market for 1-bedroom apartments in U Street Corridor, District of Columbia, is showing signs of growth. In July 2023, there were 31 new 1-bedroom listings, a 4.2% increase in median rent from June 2023 to July 2023, and a median rent of $2,899. This indicates that the rental market is becoming more competitive, with more people looking for 1-bedroom apartments in the area. With the increasing demand, it is likely that rents will continue to rise in the coming months.
The rental market for 2-bedroom apartments in U Street Corridor, District of Columbia, is showing signs of growth. In July 2023, there were 12 new 2-bedroom listings, a 3.4% increase in median rent from June 2023 to July 2023, and a median rent of $4,119. This indicates that the rental market is becoming more competitive and that demand for 2-bedroom apartments is increasing.