GITNUX MARKETDATA REPORT 2024

Statistics About The Average Rent In Washington

The average rent in Washington is approximately $1,800 per month.

Last Updated: June 23, 2024

How we write

In this post, we explore a detailed analysis of rental statistics in Washington, D.C. As of October 2021, the average rent for a one-bedroom apartment in the city stood at $2,398, while a two-bedroom apartment commanded an average of $3,250. Additionally, the average rent for single-family residences reached $3,063 in 2021, demonstrating the varying costs of housing in the capital. Further insights reveal the rising trend in rent prices, with a 15% increase noted between 2015 and 2020. Stay tuned to uncover more intriguing rental data and trends impacting Washington, D.C. residents.

Statistic 1

"As per data from October 2021, the average rent for a one-bedroom apartment in Washington, D.C. was $2,398."

Statistic 2

"The average rent for a two-bedroom apartment in Washington, D.C., in 2021 is $3,250."

Statistic 3

"The average rent for single-family residences in Washington, D.C. was $3,063 in 2021."

Statistic 4

"As of Q3 2021, the average rent for a three-bedroom apartment in Washington, D.C., is $4,933."

Statistic 5

"According to a 2021 report, 46.4 % of Washington D.C residents are renters."

Statistic 6

"Rent prices have increased 15% in Washington D.C between 2015 and 2020."

Statistic 7

"In 2020, the rent-to-income ratio in Washington D.C. was 0.26."

Statistic 8

"The average rent price for luxurious apartments in Washington D.C. rose to $2,468 in 2021."

Statistic 9

"Renting is 56.9% more costly than the US national average in Washington, D.C."

The statistics presented demonstrate the significant cost of renting in Washington, D.C., with rent prices well above the national average and showing steady increases over recent years. The data reveals the specific average rents for different types of housing units, emphasizing the financial burden faced by residents in the region. The rent-to-income ratio and the proportion of renters in the city further highlight the challenges many individuals and families encounter when seeking affordable housing. These findings underscore the pressing need for policymakers and stakeholders to address the issue of housing affordability in Washington, D.C., and implement solutions that can help alleviate the financial strain on renters.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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