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Today’s Rental is “484 sq ft w/balcony”

by Prince Of Petworth April 25, 2016 at 2:45 pm 33 Comments

240 M Street Southwest

This rental is located at 240 M Street, Southwest. The listing says:

“Studio/Efficiency (484 sq ft) w/balcony. Kitchen with all new appliance & new counter top , update bath. Convenience, location, renovation! Live in the vibrant community of the SW Waterfront, steps to the Metro, Warf under construct, Nationals Stadium, Arena Stage, shopping and restaurants! , Front desk, security, swimming pool, community room and stunning grounds! Parking Included. BY APPT ONLY.”


You can see more photos here.

This Studio is going for $1,800/Mo.

  • Joe

    I just audibly gasped “wh-what”

  • DM

    $1,800 for a studio in Waterfront is absurd. With or without the “Warf.”

    • 20011

      Bwaha, that’s what I said. And the Wharf won’t even be available for a few years, right?

      If I’m paying $1800 for a studio in SW, I want top floor, gold plated toilet, no carpet, hibachi in kitchen, floor to ceiling windows, etc.

  • 20011

    OMG, a $1800 studio in SW? This has to be a joke.

    I loved living in SW but $1800 for a studio in the neighborhood is INSANE.

  • Accountering

    This is a terrible deal. It is probably $500 at a minimum overpriced.

    • HaileUnlikely

      Agreed. I suspect somebody there [arguably] overpaid to buy and is now trying to cover their expenses, having not yet come to terms with the reality that they will probably have to take a loss of a few hundred dollars a month renting it in the short term.

  • A. Nony Mouse

    Does it come with butler and maid service? At that price it better.

  • TX2DC

    Overpriced by $200-300. It’s nice that the unit has a private balcony and parking space, however.

  • carol

    i pay 1800 for 750 square feet in petworth with a balcony.

    PoP should follow this listing to see what it ends up going for

  • Goulash

    This has to be a joke. I live in a bigger and prettier studio (they call it a “Jr 1-BR”) in SW DC and pay HUNDREDS of dollars less per month. I think that whoever is listing this apartment is a bit premature in trying to cash in on the “Warf” revitalization. Or, they’re greedy and think DC renters are idiots.

  • Ryan

    An efficiency in an old building that’s only affordable to those making at least $72,000/year, brilliant.

    • 20011

      That’s not even “affordable” at $72k per year.

  • Philippe Lecheval

    That’s only a good deal if they’ll let you lock in that rate for the next ten years.

  • SW Resident

    It does seem a bit pricey for a studio- more understandable for a one bedroom, perhaps? I just noticed that parking is included in this price- I live in one of the neighboring coops where parking spaces go for $75 a month (rented from the management company). I wonder if the price would go down if you opted out of parking? Or if that’s even an option?

    • phl2dc

      The parking spaces there go for $150-$200 a month. Some folks rent theirs out if they don’t need them. Not sure what the deal with this particular unit is though. Probably an all-or-nothing kinda deal.

  • BeverlyS

    Terrible deal. I pay hundreds less for a 1 bed/bath in the same building (that has a much bigger, updated kitchen). Also, laundry is not in the unit.

  • spookiness

    I’ve always liked SW but yikes. My recent stint outside the area literally got me 2x the space for 1/2 the $.

  • Hill Denizen

    All new appliances that were probably the cheapest you could find! Why would you buy an oven with no window? And this doesn’t specify that any utilities are included. WAY overpriced. You can get a studio in a brand new building in a more popular neighborhood for that price.

    • sbc

      I lived in this complex in 2009-10 and gas, electric, and water were all included (they’re in the condo fee, so I don’t see how the landlord could break them out).

      That said, I paid $1200 for a 1BR (no parking space, though). It’s unreal how much rents have risen since then, but I don’t think they’ve risen *quite* as much as this landlord would wish.

    • CS

      Oh geez, I didn’t even notice that it said it had an updated kitchen. I just looked at the pictures and thought “the kitchen really needs to be updated”.

  • Anonoline

    When I lived 2 blocks away from this I was paying $200/month less for an entire house! And it wasn’t THAT long ago.

    • DC anon

      Was it in the last 15 years? Two bedroom houses in SW are around $2500 and 3 are more than $3000

      • Anonoline

        It was in 2008. $1600 for a 3-bedroom rowhouse that had recently been renovated. Crime was probably a lot worse back then but I’m shocked that prices have gone up that much.

        • smh

          did you live 2 blocks to the east or the west? there is a big price difference between those. There is also a big difference in the number of people who are shot each year.

          • Anonoline

            To the east, and yeah, I moved because we got burglarized and I generally felt unsafe there. But it’s only two blocks. It’s not that much of a difference.

        • AnonAnon

          2008 may as well been 15 years ago. Prices have indeed gone up that much in DC. You will be lucky to rent a 3 BR row home west of the river these days for $2500-$3000 in most areas.

          • Anonoline

            Yeah, I’m just realizing I’ve become one of “those” people. But 2008 doesn’t feel that long ago!

  • phl2dc

    I live in that community. This is one of three high rises. All I have to say about this is: HAHAHAHHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHHAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

  • Anonimo

    I lived in an efficiency in this building 7 years ago and paid $900 a month. (That was a great deal, even at that time.)

    That unit was not updated the way this was and didn’t include parking.

    But still…$1,800 is crazy. But the neighborhood is safe and convenient, and I can totally see some aging boomer parents paying the rent for their millennial 20 year old to live here.

    • Caroline

      …except for the 20+ gun shots last night right across the street at about 7:30pm. I should mention that they happened right next to the police station. There were so many we thought they were fireworks, thinking there’s no way we just heard that many shots.

    • phl2dc

      I wouldn’t describe it as safe necessarily… there’s been a few things happening around there lately.

  • Bad deal. I live in a huge one bedroom in SW for $1775 with all utilities included.

  • whistle

    If someone could put together $10,000 they could own a 1br in the same building for about the same price. https://www.redfin.com/DC/Washington/240-M-St-SW-20024/unit-E411/home/9886365

    The for-sale one doesn’t seem to include a parking spot, but the mortgage interest tax deduction would cover the cost of renting one…or a lot of taxis and ubers and car rentals.


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