111 Furnished Apartments for rent in Washington, DC

Last updated May 27 at 1:13am UTC
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May 2018 Washington, DC Rent Report

Welcome to the May 2018 Washington, DC Rent Report. DC rents remained steady over the past month. In this report, we'll evaluate trends in the DC rental market, including comparisons to cities throughout the metro, state, and nation.

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Rent Report
Washington

May 2018 Washington, DC Rent Report

Welcome to the May 2018 Washington, DC Rent Report. DC rents remained steady over the past month. In this report, we'll evaluate trends in the DC rental market, including comparisons to cities throughout the metro, state, and nation.

DC rents held steady over the past month

DC rents have remained steady over the past month, but are down slightly by 0.2% year-over-year. Currently, median rents in DC stand at $1,320 for a one-bedroom apartment and $1,520 for a two-bedroom. DC's year-over-year rent growth lags the national average of 1.5%.

Rents rising across the DC Metro

While rent prices have decreased in DC over the past year, the rest of the metro is seeing the opposite trend. Rents have risen in 6 of the largest 10 cities in the DC metro for which we have data. Here's a look at how rents compare across some of the largest cities in the metro.

  • Frederick has the least expensive rents in the DC metro, with a two-bedroom median of $1,520; the city has also experienced the fastest rent growth in the metro, with a year-over-year increase of 4.7%.
  • Over the past year, Centreville has seen the biggest rent drop in the metro, with a decline of 1.9%. Median two-bedrooms there cost $1,860, while one-bedrooms go for $1,610.
  • Bethesda has the most expensive rents of the largest cities in the DC metro, with a two-bedroom median of $2,410; rents increased 0.8% over the past month but fell 0.5% over the past year.

Comparable cities nationwide show more affordable rents compared to DC

As rents have fallen slightly in DC, many other large cities nationwide have seen prices increase, in some cases substantially. Compared to most similar cities across the country, DC is less affordable for renters.

  • DC's median two-bedroom rent of $1,520 is above the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 0.2% decline in DC.
  • While rents in DC fell slightly over the past year, many cities nationwide saw increases, including Los Angeles (+2.1%), Atlanta (+1.9%), and San Francisco (+1.3%).
  • Renters will generally find more expensive prices in DC than most other large cities. For example, Philadelphia has a median 2BR rent of $1,160.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Washington, DC $1,320 $1,520 0.1% -0.2%
Arlington $1,750 $2,020 1.2% 0.1%
Alexandria $1,560 $1,800 0.7% -0.0%
Germantown $1,650 $1,900 0.5% 0.8%
Silver Spring $1,520 $1,750 0.1% 1.9%
Centreville $1,610 $1,860 -0.1% -1.9%
Waldorf $1,710 $1,970 0.1% 3.9%
Frederick $1,320 $1,520 0.9% 4.7%
Rockville $1,710 $1,970 0.6% 0.7%
Bethesda $2,080 $2,410 0.8% -0.5%
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Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.