Renters in Washington, D.C. can save more than $600 a month by living with a roommate, according to a new analysis by HotPads, a Zillow group-owned home search platform for renters.
Nationwide, renters save $661 a month by living with a roommate. In Washington, D.C. renters could save $628, which is slightly less than the national average.
According to Zillow’s Rent Forecast, rents in Washington fell 0.4 percent over the past year, but rents in the metro as a whole are expected to rise 0.4 percent in 2018.
The analysis also found that renters with roommates in the Woodley Park area save the most, at $1,068 per month.
|
Neighborhood |
Median 1-bedroom Rent Median 2-bedroom Rent |
Discount for Renting with a Roommate ($) |
Discount for Renting with a Roommate (%) |
|
Washington, D.C. $2,100 $2,944 $628 29.9% Woodley Park $2,655 $3,175 $1,068 40.2% Downtown $2,382 $2,900 $932 39.1% | |||
|
Logan Circle $2,500 $3,292 $854 34.2% Columbia Heights $2,120 $2,575 $833 39.3% Near Northeast $2,324 $3,100 $774 33.3% Navy Yard $2,355 $3,185 $763 32.4% Dupont Circle $2,300 $3,100 $750 32.6% U Street Corridor $2,450 $3,454 $723 29.5% Shaw $2,510 $3,600 $710 28.3% Cathedral Heights $1,900 $2,400 $700 36.8% |
The full analysis for 2018 will be available to the public on Thursday, HotPads said.
HotPads is a Zillow Group-owned apartment and home search platform for renters in urban areas across the United States. For more information on the U.S. rental market, visit HotPads.com.
