Rental prices increased slightly over the course of the year for studios, but 1-3 bedroom apartments have decreased pretty substantially over the past quarter. This is likley due to the change in seasons bringing in the end of the year and colder months. With the high population growth, increased wages, and additional business opportunities, many renters are willing to pay higher prices, but the decrease in costs is more than welcome. The median rent in Washington, D.C is $2,452. This is 27% higher than the national median.

Alexandria, VA

All apartment styles have decreased over the last 3-6-months while 3-bedroom apartments have taken the biggest decrease in rent over the last quarter. Over the past few months, inventory has increased iin Northern Virginia leading to rent prices coming down slightly in the sought after Alexandria neighborhood. With winter underway, the cold has also assisted in decreasing the average rent in the area. The median rent in Alexandria, VA is $2,300. This is 19% higher than the national median.

Apartment Listings

Below are some recent listing examples.

Washington D.C.

Onyx on First

• Studio/1ba
• Sq Ft: 575
• Rent: $1,639

Banner Lane

• 1br/1ba
• Sq Ft: 584
• Rent: $2,151

Waterside Towers

• 2br/2ba
• Sq Ft: 1,200
• Rent: $2,980

J. Coopers Row

• 3br/2ba
• Sq Ft: 1,154
• Rent: $3,862

Arlington, VA

The Graham at Southern Towers

• Studio
• Sq Ft: 514
• Rent: $1,673

Arrive 2801

• 1br/1ba
• Sq Ft: 1,058
• Rent: $1,933

South Alex

• 2br/2ba
• Sq Ft: 1,003
• Rent: $2,568

Contempo NOVA

• 3br/2ba
• Sq Ft: 1,034
• Rent: $2,678

(Data sourced from Apartments.com)

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