“DC-Area Apartment Rents Rise, Vacancy Second Lowest in the Country”

D.C. has fewer available apartments for rent, and the ones that are available have gotten more expensive. That’s according to a new report by Delta Associates, which shows rents rose by 5.4 percent in the District and 3.6 percent around in region over the past 12 months.

According to Delta Associates’ third quarter report, rents in the DC area for Class A and B apartments have risen 3.6 percent over the past twelve months while vacancy rates sit at 2.8 percent, the lowest for any metro area in the country except for New York City.