This Is the Most Expensive Neighborhood in DC

WASHINGTON, DC — Renting in D.C. is an expensive proposition, but if you're looking to move into the Foggy Bottom neighborhood, you'd better have a darn good job. That's because according to ApartmentList.com, getting a two-bedroom apartment in Foggy Bottom will set you back $4,500 per month, and a one-bedroom will cost you $2,750.

That makes it the most expensive neighborhood in the city, and it's not close. The second highest is in Penn Quarter/Chinatown, where a two-bedroom hits $3,800 per month, or $2,680 for a one-bedroom.

Also in the above $3000 range: Mount Vernon Square, Dupont Circle, Woodley Park, U Street - Cardozo and Cathedral - Wesley Heights. Only when you get to the H Street, Columbia Heights and Van Ness neighborhoods to you get back into the 2000s, although not by much.

Cathedral - Wesley Heights had the highest rent growth, jump 8.1 percent year to year. H Street was second, and Mount Vernon Square was third.

Some other interesting facts, as excerpted from the report:

• Foggy Bottom - GWU - West End: Once again, Foggy Bottom is DC’s most expensive neighborhood for renters. 2-bedrooms here cost $4,500, and 1-bedrooms go for $2,750. Rents fell 0.8% between July and August.
• Mount Vernon Square: Mount Vernon Square has the 3rd highest rents in DC. 2-bedrooms have a median rent of $3,600, while 1-bedrooms cost $2,530. Mount Vernon Square also shows the 3rd highest rent growth, up 7.1% over August 2015.
• Dupont Circle: Dupont Circle takes 5th place for most expensive DC neighborhood for renters. 1- and 2-bedrooms have a median rent of $2,450 and $3,450, respectively.
• Cathedral - Wesley Heights - McLean Gardens: Cathedral - Wesley Heights - McLean Gardens has the highest year-over-year rent increases of any DC neighborhood, up 8.1% over August 2015. A 2-bedroom there has a median rent of $3,300, while a 1-bed runs $2,020.
• H Street - NoMa: H-Street takes 2nd place for most rent growth in DC, with rents up 7.7% over the past year. 2-bedrooms in H Street - NoMa rent for $2,970, and 1-bedrooms have a median price of $2,300.
• U Street - Cardozo: U Street shows the 6th largest rent increases, up 4.1% year-over-year. U-Street 2-bedrooms have a median rent price of $3,340.

Image via Wikimedia user Skyfox11