Photo by Tim Brown

The title of most expensive neighborhood to call home goes to Foggy Bottom, where rent prices have gone up 6.8 percent over last year—the largest increase of any D.C. neighborhood, according to the November D.C. rent report by search site Apartment List.

Citywide, the cost of renting has increased by 4 percent compared to this time last year, the report says.

In Foggy Bottom, which also includes the West End area in this study, renters are shelling out a monthly average of $2,710 for one-bedroom spots and $4,480 for two-bedroom residences. That compares to D.C.’s average monthly costs of $2,220 for a one bedroom and $3,050 for a two bedroom.

Apartment List’s data comes from comparing listings on its site. The report shows neighborhoods like Congress Heights, Hillcrest, and Fairfax Village on the lower end of D.C.’s rental spectrum.

Foggy Bottom may continue to see an upward trend as one developer says he plans “to create something never seen before in this city.” Earlier this year, Urban Investment Partners bought a George Washington University dorm (which was once a hotel where Watergate burglars kept watch) for $36 million. It’s slated to become a mixed-use apartment building with about 200 rentals, a swimming pool, fire pits, gourmet kitchen, bikeshare program, library, theater, and a 24-hour “honor-based convenience store.”

Among other neighborhoods where rent is above D.C.’s average are Adams Morgan, Logan Circle, Shaw, and Dupont Circle, but prices for two-bedrooms in these places are still about $680 to $1,030 cheaper, on average, than what it’ll cost in Foggy Bottom.

Chart via Apartment List