- 8,000 Units Under Management
- Less than 1% Eviction Rate
- 23 Avg. Time on Market (Days)
- 79% Renewal Rate
- 17 Years in Business
- Avg. Google Rating (as of 11/03/2026)
Bay Property Management Group Washington DC provides full-service rental property management in Georgetown, Washington DC’s oldest neighborhood and one of its most recognizable residential addresses. Georgetown sits in Northwest DC along the Potomac River, bordered roughly by the river to the south, Rock Creek to the east, Georgetown University and Glover-Archbold Park to the west, and Burleith and Glover Park to the north. Its narrow, tree-lined streets, brick rowhouses, and busy commercial corridors along M Street and Wisconsin Avenue give it a character unlike any other part of the city.
Georgetown is older than Washington itself. The Maryland General Assembly founded the town in 1751 as a tobacco port, purchasing 60 acres from landowners George Gordon and George Beall, and it was formally incorporated in 1789, the same year Georgetown University was founded. When the District of Columbia was created in 1791, Georgetown became part of it but kept its own local government until Congress revoked its charter in 1871. Through the 19th century, the waterfront filled with warehouses, flour mills, and industry tied to the Chesapeake and Ohio Canal, which connected the port to western Maryland.
As shipping declined, parts of Georgetown fell into disrepair, but the neighborhood’s historic architecture survived. The Old Georgetown Act of 1950 placed the neighborhood under federal design review, and in 1967 the Georgetown Historic District was designated a National Historic Landmark District. Today it includes roughly 4,000 primary buildings dating from the 1750s to the mid-20th century, and the former industrial waterfront has been transformed into parkland, offices, and restaurants.
Georgetown has no Metro station of its own, but two are within walking distance. The Foggy Bottom–GWU station on the Blue, Orange, and Silver Lines is roughly a 15-minute walk from the center of the neighborhood, and the Rosslyn station in Virginia is a short walk across the Key Bridge. Metrobus routes including the A58, C91, D80, D82, D94, and D96 serve M Street and Wisconsin Avenue, with the D80 running directly to Union Station, and Georgetown University operates its own shuttle to Dupont Circle and Rosslyn for students, faculty, and staff. The Georgetown Business Improvement District maintains up-to-date transit and parking information for the neighborhood.
For property owners, Georgetown offers a high-value, historically protected housing stock and steady demand from university affiliates, professionals, and diplomats. It also carries some of the city’s strictest design review requirements, older buildings with specialized maintenance needs, and DC’s tenant-protective regulatory framework, all of which call for experienced, hands-on management.
The average apartment rent in Georgetown is approximately $2,233 per month, about 9% below the Washington DC citywide average of roughly $2,447. Rents have decreased approximately 5.34% over the past year. Current approximate averages for larger apartment communities include:
| Apartment Type | Average Monthly Rent |
|---|---|
| All Apartment Types | $2,233 |
| Studio | $1,783 |
| One bedrooms | $2,373 |
These figures cover only Georgetown’s larger apartment buildings, where units tend to be small, averaging well under 600 square feet. They do not reflect the neighborhood’s rowhouses, carriage houses, English basement apartments, or condominiums rented by individual owners, which make up much of the rental market and often lease for well above these averages. Actual rents vary widely based on size, outdoor space, parking, condition, and proximity to the waterfront, M Street, or the university.
Source: RentCafe Market Analysis (Yardi Matrix, September 2026). Figures represent buildings with 50 or more units.
Georgetown has a renter-occupied rate of approximately 44%, with about 56% of households owner-occupied. Unlike the District overall, where renters make up the majority, Georgetown leans toward owner-occupancy, reflecting a housing stock dominated by historic single-family rowhouses and a long-established base of homeowners. That smaller rental supply is one of the neighborhood’s strengths for investors. Demand from Georgetown University graduate students and faculty, MedStar Georgetown University Hospital staff, diplomats, and professionals working in Foggy Bottom and downtown regularly outpaces available units. For rental property owners, that means strong tenant interest in well-maintained properties, along with the added responsibility of caring for historic homes that tenants and neighbors expect to be kept to a high standard.
Georgetown combines the feel of a historic small town with direct access to the center of Washington. Federal-style and Victorian rowhouses line quiet residential streets, some still paved with cobblestones, while the intersection of M Street and Wisconsin Avenue anchors one of the largest outdoor shopping districts in the region. Within a few blocks, residents can move from boutique shopping and restaurants to the C&O Canal towpath or the Potomac riverfront.
For renters, the appeal starts with setting and convenience. Georgetown Waterfront Park, the Capital Crescent Trail, and Rock Creek Park offer miles of walking, running, and biking routes, and Foggy Bottom, the West End, Dupont Circle, and Rosslyn are all a short walk or bus ride away. Although there is no Metro station in the neighborhood, frequent Metrobus service and nearby Blue, Orange, and Silver Line stations make car-free living realistic for many residents.
Housing in Georgetown is primarily historic rowhouses and townhomes, many dating to the 18th and 19th centuries, along with carriage houses, English basement units, and a smaller number of apartment and condominium buildings closer to the waterfront and along Wisconsin Avenue. For property owners, those homes command premium rents and draw long-term tenants who value space and character. They also come with aging systems, limited parking, and design review by the Old Georgetown Board for many exterior changes, from windows and doors to additions and roofing.
The neighborhood’s surroundings add further value. The Georgetown Business Improvement District supports streetscape upkeep, seasonal events, and visitor programs, and Dumbarton Oaks, Montrose Park, and Rock Creek Park give the northern and eastern blocks unusual access to green space. Across the Key Bridge, Rosslyn’s office district and Arlington’s Metro corridor extend the neighborhood’s reach into Northern Virginia.
Georgetown’s position between Foggy Bottom, downtown, and Northern Virginia puts residents close to several of the region’s largest employers. Major employers in and near Georgetown include:
The Francis Scott Key Bridge, which opened in 1923, is the oldest surviving road bridge across the Potomac River in Washington and connects Georgetown to Rosslyn with a series of reinforced concrete arches. It is named for Francis Scott Key, author of "The Star-Spangled Banner," whose Georgetown home once stood nearby, and the stone abutment of the earlier Aqueduct Bridge still sits on the shoreline just to the west. Nearly the entire neighborhood falls within the Georgetown Historic District, designated a National Historic Landmark District in 1967, which protects roughly 4,000 buildings dating back to the town's founding in 1751. Highlights include the Old Stone House on M Street, built in 1765 and widely recognized as the oldest standing building in Washington, and the C&O Canal, which begins at mile zero near 29th Street and still has original locks and lockkeepers' houses along its Georgetown stretch.
Georgetown University's Healy Hall, with its spires and clock tower rising above the Potomac, is the neighborhood's most recognizable building. Constructed between 1877 and 1879 by Smithmeyer and Pelz, the architects who later designed the Library of Congress's Thomas Jefferson Building, it was designated a National Historic Landmark in 1987 and houses Gaston Hall, where world leaders and policymakers regularly speak. Nearby, Dumbarton Oaks, a Harvard University research institution, operates a museum with notable Byzantine and Pre-Columbian collections alongside its celebrated terraced gardens. Tudor Place, completed in 1816 by Martha Washington's granddaughter Martha Custis Peter and designated a National Historic Landmark in 1960, is open to visitors as a historic house museum. The Smithsonian museums along the National Mall are a short bus or Metro ride away.
Georgetown Waterfront Park, completed by the National Park Service in 2011, stretches along the Potomac River from 31st Street to the Key Bridge, with a riverfront promenade, open lawns, a labyrinth, river steps, and a fountain that draws families on warm days. The park links 225 miles of continuous parkland along the Potomac, from Mount Vernon to Cumberland, Maryland, and offers views of the Kennedy Center, Theodore Roosevelt Island, and the Watergate. Just inland, the C&O Canal National Historical Park towpath begins in Georgetown and runs 184.5 miles to Cumberland, and the Capital Crescent Trail offers a paved route for cyclists heading toward Bethesda. Rowing crews practice on the river most mornings, kayak and paddleboard rentals operate near the Key Bridge in season, and Rock Creek Park, Montrose Park, and the Dumbarton Oaks grounds add wooded trails and quiet green space on the neighborhood's northern and eastern edges.
Blues Alley, founded in 1965 and tucked into an 18th-century brick carriage house off Wisconsin Avenue, is the nation's oldest continuously operating jazz supper club. Its small stage has hosted legends including Dizzy Gillespie, Sarah Vaughan, Ella Fitzgerald, and Wynton Marsalis, and it still books live jazz and blues most nights of the year. Just east of Georgetown, the John F. Kennedy Center for the Performing Arts presents theater, opera, ballet, and concerts from the National Symphony Orchestra, and is reachable on foot along the riverfront. Georgetown University's Gaston Hall and Davis Performing Arts Center add lectures, student productions, and performances to the neighborhood calendar, while bars and pubs along M Street, including longtime favorites like Clyde's of Georgetown, keep the area busy after dark.
The Washington Harbour, the terraced mixed-use complex along the Potomac at the foot of Thomas Jefferson Street, is Georgetown's riverfront dining destination. Its restaurants include Tony and Joe's Seafood Place, Sequoia, Farmers Fishers Bakers, and Fiola Mare, many with outdoor patios facing the water, and from mid-November through March its central fountain becomes the largest outdoor ice rink in the District. Up the hill, the M Street and Wisconsin Avenue corridors form one of the region's largest outdoor shopping districts, mixing national retailers with independent boutiques, home design showrooms, and longtime local favorites like Martin's Tavern and Georgetown Cupcake. For everyday needs, residents have a Safeway and a Trader Joe's on Wisconsin Avenue, and the Georgetown BID publishes a directory of neighborhood shops and restaurants.
Georgetown’s rental market is small, high-value, and closely regulated. Most rentals are individually owned rowhouses, townhomes, and condos, many more than a century old, and nearly every exterior change requires Old Georgetown Board review. Tenants here expect well-kept homes and fast service, so slow repairs or poorly handled turnovers can cost owners quality tenants.
Washington DC’s rental regulations add further complexity. The District requires a basic business license for all rental properties, applies rent stabilization to many older buildings unless an exemption is properly filed, and mandates compliance with the Tenant Opportunity to Purchase Act (TOPA). Screening is also regulated: criminal history may only be reviewed after a conditional offer and through an individualized assessment, and lawful sources of income, including housing vouchers, are protected under the DC Human Rights Act.
BMG Washington DC handles the daily work of property management in Georgetown so you can maintain ownership without the operational burden.
Our property management services in Georgetown include:
Managing a rental property in Georgetown does not have to become a second job. Our local DC team can take care of the everyday responsibilities while you focus on the investment itself.
Georgetown rewards owners who treat their property as both an investment and a piece of history. A Federal-era rowhouse in East Georgetown, a carriage house off a side alley, and a condominium near the waterfront each call for a different pricing strategy, maintenance plan, and compliance approach. BMG Washington DC brings that local knowledge to owners who want their property managed to the standard the neighborhood expects, without handling the day-to-day themselves. Our team keeps track of rent stabilization and exemption filings, TOPA timelines, licensing renewals, and screening requirements so your property stays compliant as the rules change. With competitive property management rates and transparent monthly reporting, you always know how your investment is performing.
Consistent rent collection is the foundation of a performing investment. We set clear payment terms at lease signing, collect rent through our online portal, and follow up promptly when a payment is late. Georgetown’s renter base includes university faculty and graduate students, hospital staff, diplomats, and professionals working in Foggy Bottom and downtown, and our process is built to keep income arriving on schedule for owners each month.
Many Georgetown homes were built in the 18th and 19th centuries, and their brick, slate, plaster, and original woodwork need care that newer construction does not. Our 24/7 maintenance line handles requests at any hour, and we work with vetted, insured contractors who are experienced with DC’s historic rowhouses and familiar with the Old Georgetown Board’s expectations for exterior work.
Well-presented Georgetown rentals attract strong interest, especially ahead of the academic year and the summer relocation season for diplomats and professionals. We photograph each property professionally, price it using current neighborhood comparables, and list it across every major rental platform. Every applicant is evaluated against the same consistent criteria, including credit review, rental history, references, and income verification. Any criminal history is considered only after a conditional offer and through an individualized assessment, as DC’s Fair Criminal Record Screening for Housing Act requires, and lawful sources of income, including housing vouchers, are accepted as required by law.
DC’s landlord-tenant rules are among the most detailed in the country, and Georgetown’s mix of historic homes, exempt and rent-stabilized units, and high-value leases makes careful compliance essential. Our team manages lease enforcement, handles the eviction process when a situation cannot be resolved, and stays current on TOPA, rent stabilization filings, the Fair Criminal Record Screening for Housing Act, and required tenant notices. For more detail on how DC handles evictions, see our eviction guide for DC landlords.