The good news for renters in the Washington area is that they don’t have to give up living near a Metro station to save on rent. Switching from one station to another can mean saving $475 to $1,100 on the median monthly rent, according to an annual study by RentHop, an apartment listing site.
More good news: RentHop found that new supply of apartments in the region is slowing rent growth. The median rent for apartments near 35 of Metro’s 91 stops dropped this year compared with 2017, and rents remained the same near another six stations.
Still, the median rent for a one-bedroom in the most popular areas near the core of the city is more than $2,400.
The top three stations where median rents dropped the most are: U Street, Forest Glen and Court House. The top three stations with the highest median rent increase are: Suitland, Ballston and Potomac Avenue.
According to RentHop, you can save on the median rent on a one-bedroom apartment by switching to a Metro station just a little farther from downtown. For example:
- Save $1,150 between Navy Yard-Ballpark ($2,250 median rent for a one-bedroom apartment) and Anacostia ($1,100) — Green Line.
- Save $980 between Stadium-Armory ($2,250) and Benning Road ($1,270) — Blue and Silver lines.
- Save $518 between East Falls Church ($2,150) and West Falls Church ($1,632) — Orange Line.
- Save $512 between Rosslyn ($2,387) and Court House ($1,875) — Orange and Silver lines.
- Save $475 between NoMa-Gallaudet U ($2,425) and Rhode Island Avenue ($1,950) — Red Line.
For the full study, click here.