Is D.C. rent really the highest in the country?! Hit the jump for the full story!
It’s true! Washington, D.C. has the highest rent in the country. D.C. is topping places like New York, Los Angeles, Boston and San Francisco. But why? Reason is, landlords know that a lot of people rather rent than to buy property so, they inflate rent prices! The average rent per month in D.C. is $1,300, and that’s only for a one bedroom! According to Mike Blum of the Insight Property Group, rent in D.C. has begun to level off and drop due to “a lot of new units coming online.” What are those units? Who knows, but they’re lowering D.C. rent prices!
