Average Rent in Georgetown, Washington, DC

Current Versus Historical Georgetown, Washington, DC Rents

Georgetown rentals average $3,500 for a 2-bedroom rental to $10,250 for a 4-bedroom rental. The median price of all currently available listings is $7,400, or roughly $4 per square feet.

For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $1,683 (-46.33%) year-over-year from $3,633 to $1,950. 1-bedroom rentals prices have increased by $141 (4.78%) year-over-year from $2,959 to $3,100. 2-bedroom rentals prices have increased by $483 (11.33%) year-over-year from $4,267 to $4,750. 3-bedroom rentals prices have increased by $233 (3.72%) year-over-year from $6,267 to $6,500. 4-bedroom rentals prices have decreased by $1,155 (-13.04%) year-over-year from $8,855 to $7,700. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 30.71% this month. 1-bedroom rents have gone up by 1.09% this month. 2-bedroom rents have gone up by 5.95% this month. 3-bedroom rents have gone up by 2.63% this month. 4-bedroom rents have gone down by 18.07% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
2 BR	$4.26	$4,750	$4,267 (11.33%)	$3,030 (56.79%)
3 BR	$3.76	$6,500	$6,267 (3.72%)	$6,033 (7.75%)
4+ BR	$3.92	$7,700	$8,855 (-13.04%)	$6,150 (25.20%)

Historical Rents in Georgetown, Washington, DC

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Georgetown

There are a total of 6 cities nearby Georgetown. The average rent in Georgetown is currently $2,515 per month. A total of 6 cities nearby have an average rent lower than that. Our records show that Alexandria, VA, with an average rent of $2,128, is the most affordable city nearby. In contrast, the most expensive city near Georgetown, Washington, DC is Bethesda, MD. Monthly rents here are on average $3,521 per month.

Let's compare Georgetown, Washington, DC's rent against other top cities nearby by bedroom size. Typically, rent for studios in Georgetown, Washington, DC is inf% more affordable than other cities nearby. One bedrooms are about inf% more affordable. Two bedrooms in Georgetown, Washington, DC are about 14.21% more expensive. Finally, rent for three bedrooms are about 49.83% more expensive. Want more information? Check out the top 6 cities near Georgetown, Washington, DC in the following chart.

City	Studio	1 Bed	2 Bed	All
Alexandria, VA	N/A	$1,786	$2,418	$2,128
Silver Spring, MD	$1,797	$2,101	$2,704	$2,159
Lincolnia, VA	N/A	$1,939	$2,502	$2,391
Arlington, VA	$2,098	$2,436	$3,301	$2,639
Washington, DC	$2,040	$2,549	$3,818	$2,908
Bethesda, MD	$2,102	$2,606	$3,521	$3,521

Top Neighborhoods Near Georgetown

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Georgetown

Some of these counties include Alexandria, VA, Fairfax, VA, and Prince George's, MD. The average rent for rentals in these counties is $2,613. That's roughly around $2 per sqft. A total of 6 counties have a lower average rent. The county that is the most affordable is Alexandria, VA. It's average rent per month is $2,128. Vice versa, with an average rent of $2,908, District of Columbia, DC is the most expensive county by Georgetown, Washington, DC.

Typically, rent for studios in Georgetown, Washington, DC is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Georgetown, Washington, DC is inf% more affordable than other counties nearby. Finally, rent for two bedrooms in Georgetown, Washington, DC is 26.36% more expensive than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Alexandria, VA	N/A	$1,786	$2,418	$2,128
Fairfax, VA	$1,835	$1,971	$2,523	$2,560
Prince George's, MD	N/A	$2,014	$2,500	$2,600
Montgomery, MD	$1,896	$2,104	$2,632	$2,625
Arlington, VA	$2,098	$2,436	$3,301	$2,639
District of Columbia, DC	$2,040	$2,549	$3,818	$2,908

Top Zipcodes Near Georgetown

There are a total of 8 zipcodes in or near Georgetown, Washington, DC. The average rent for all of these zipcodes is $2,450. A total of 8 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 22311, Alexandria, VA at $1,958 per month. In comparison, the zipcode with the most expensive average rent of $3,196 per month is 20002, Washington, DC.

Studios in these zipcodes have an average rent of $1,761. That's at least $4 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Georgetown, Washington, DC is $2,318 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,219 per month. Which comes out to $3 per sqft. The following chart includes the top 8 zipcodes in Georgetown, Washington, DC. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
20008, Washington, DC	$1,677	$2,318	$3,446	$2,340
20005, Washington, DC	$1,725	$2,754	$3,989	$2,814
22201, Arlington, VA	$1,985	$2,427	$3,300	$2,505
22202, Arlington, VA	$2,399	$2,319	$3,138	$2,588
20002, Washington, DC	$1,940	$2,484	$3,623	$3,196
22311, Alexandria, VA	N/A	$1,768	$2,142	$1,958
20910, Silver Spring, MD	$1,797	$2,101	$2,704	$2,159
22312, Lincolnia, VA	N/A	$1,939	$2,502	$2,394

Frequently Asked Questions - Georgetown Average Rents

What is the average rent price in Georgetown, Washington, DC?

The average monthly rental price for Georgetown, Washington, DC apartments for rent is approximately $7,400. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Georgetown, Washington, DC rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Georgetown, Washington, DC.

How much is a studio apartment in Georgetown, Washington, DC?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in Georgetown.

How much is a one bedroom apartment in Georgetown, Washington, DC?

The average monthly rental price for one bedroom apartments is $0 and an average price per square feet of $0.00. There are a total of 0 one bedroom apartment listings currently available for rent in Georgetown.

How much is a two bedroom apartment in Georgetown, Washington, DC?

The average monthly rental price for two bedroom apartments is $3,500 and an average price per square feet of $4.26. There are a total of 7 two bedroom apartment listings currently available for rent in Georgetown.

How have rent prices in Georgetown, Washington, DC changed this year?

Rent prices for rentals in Georgetown, Washington, DC can fluctuate yearly. Specifically, studio rental prices have changed by -0.46%, one bedroom rental prices have changed by 0.05%, two bedroom rental prices have changed by 0.11%, and three bedroom rental prices have changed by 0.04% year-over-year.

What is a reasonable rent price in Georgetown, Washington, DC?

A reasonable rent price in Georgetown, Washington, DC is around $5,920/month. You can search for these reasonably priced rental listings on RentHop.