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How Much Have DC-Area Apartment Rents Risen in the Last Year?

  • July 22nd 2022

by UrbanTurf Staff

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New apartment buildings planned in Crystal City.

The theme in both the national and DC-area rental market of late has been the steady rise in apartment rents over the last year. A new report sheds a bit more light on how much rents have risen at the top of the market. 

Delta Associates released their second quarter Class A apartment report for the DC region this week. Class A apartments are typically large buildings built after 1991, with full amenity packages.

Below, UrbanTurf gathered data regarding what has happened with apartment rents around the region since last June. 

Class A apartment rents. Click to enlarge.

In most parts of the region, average monthly rents for apartments have risen above $2,200 a month. The area around Crystal City, Virginia saw rents jump 20% for Class A units since June 2021; Capitol Hill/Navy Yard (17%) and Alexandria and Upper Georgia Avenue (13%) are close behind when it comes to increases. 

The table includes just a sample of rents around the region. Email us at editor(at)urbanturf.com if there is another submarket rent that you are interested in. 

Note: The rents are an average of studios, one and two-bedroom rental rates at Class A high-rise buildings. 

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/how-much-have-dc-apartment-rents-risen-in-the-last-year/19900.

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