Cheap Apartments for Rent in the Penn Draw Village Neighborhood of Alexandria, VA from $500 (62 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Penn Draw Village area of Alexandria.

property at 2059 Huntington Ave

$1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,550

Total Monthly Price
$1,550

Studio, 1 Bath Home for Rent

Available Now

2059 Huntington Ave

AlexandriaVA22303
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407 Summers Dr, Unit Basement
$1,650
Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$1,650

Total Monthly Price
$1,650
2 Bedroom Apartment Available Aug 1

407 Summers Dr, Unit Basement

407 Summers DrAlexandria, VA 22301
Furnished
  • Smoke Free

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

property at 6621 Wakefield Dr

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

1 Bedroom, 1 Bath Home for Rent

Available Now

6621 Wakefield Dr

AlexandriaVA22307
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The Foundry
Rent Specials
$1,979 - $7,904
Total Monthly Price

Total Monthly Price

Base Rent
$1,972 - $7,897
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

The Foundry

2470 Mandeville LnAlexandria, VA 22314
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 2237 Farrington Ave

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000

Total Monthly Price
$2,000

2 Bedroom Rentals

Available Now

2237 Farrington Ave

AlexandriaVA22303

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

property at 6628 E Wakefield Dr

$2,090

Total Monthly Price

Total Monthly Price

Base Rent
$2,090

Total Monthly Price
$2,090

2 Bedroom, 1 Bath Home for Rent

Available Now

6628 E Wakefield Dr

AlexandriaVA22307
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Dylan & Reese
$2,095 - $4,877
Total Monthly Price

Total Monthly Price

Base Rent
$2,068 - $4,850
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Dylan & Reese

2455 Mandeville AveAlexandria, VA 22314
Luxury
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  • Customer Reviewed
  • 3D Tour
property at 6605 Potomac Ave

$2,100

Total Monthly Price

Total Monthly Price

Base Rent
$2,100

Total Monthly Price
$2,100

2 Bedroom, 1 Bath Home for Rent

Available Now

6605 Potomac Ave

AlexandriaVA22307
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The Asher
Rent Specials
$2,153 - $3,313
Total Monthly Price

Total Monthly Price

Base Rent
$2,108 - $3,268
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

The Asher

620 N Fayette StAlexandria, VA 22314
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 1100 Quaker Hill Dr

$2,195

Total Monthly Price

Total Monthly Price

Base Rent
$2,195

Total Monthly Price
$2,195

1 Bedroom, 1 Bath Home for Rent

Available Now

1100 Quaker Hill Dr

AlexandriaVA22314
property at 2704 Dartmouth Rd

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

2 Bedroom, 1 Bath Home for Rent

Available Now

2704 Dartmouth Rd

AlexandriaVA22314

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

property at 2151 Jamieson Ave

$2,250

Total Monthly Price

Total Monthly Price

Base Rent
$2,250

Total Monthly Price
$2,250

1 Bedroom, 1.5 Bath Home for Rent

Available Now

2151 Jamieson Ave

AlexandriaVA22314
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1111 Belle Pre
Rent Specials
$2,255 - $4,323
Total Monthly Price

Total Monthly Price

Base Rent
$1,965 - $4,033
Required Monthly Fees
$290

Total Monthly Price
$2,255 - $4,323
1 to 2 Bedroom Apartments Available Now

1111 Belle Pre

1111 N Belle Pre WayAlexandria, VA 22314
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 131 N Washington St

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300

Total Monthly Price
$2,300

1 Bedroom, 1 Bath Home for Rent

Available Now

131 N Washington St

AlexandriaVA22314
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Bell Old Town
$2,378 - $5,631
Total Monthly Price

Total Monthly Price

Base Rent
$2,375 - $5,628
Required Monthly Fees
$3

Total Monthly Price
$2,378 - $5,631
Studio to 3 Bedroom Apartments Available Now

Bell Old Town

750 Thornton WayAlexandria, VA 22314
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 4306 Elmwood Dr

$2,400

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,400

Total Monthly Price
$2,400

3 Bedroom, 1 Bath Home for Rent

Available Now

4306 Elmwood Dr

AlexandriaVA22310
property at 4600 Duke St

$1,000 - $2,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

Studio To 3 Bedroom Rentals

Available Now

4600 Duke St

AlexandriaVA22304
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The Ellsworth
Studio to 2 Bedroom Apartments

The Ellsworth

2801 Seay StAlexandria, VA 22314

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Bridgeyard
Studio to 2 Bedroom Apartments

Bridgeyard

1204 S Washington StAlexandria, VA 22314
Corporate Housing
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Jefferson Gardens
1 to 2 Bedroom Apartments

Jefferson Gardens

5877 Monticello RdAlexandria, VA 22303
  • Utilities Included
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The Arden
Studio to 3 Bedroom Apartments

The Arden

2317 Huntington AveAlexandria, VA 22303
  • Utilities Included
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Gunston Hall Apartments
1 to 2 Bedroom Apartments

Gunston Hall Apartments

913 S Washington StAlexandria, VA 22314
  • Utilities Included
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Olde Towne West
1 to 4 Bedroom Apartments

Olde Towne West

500-524 S Alfred StAlexandria, VA 22314
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Haven Huntley Meadows
1 to 3 Bedroom Apartments

Haven Huntley Meadows

7300 Jon Paul DrAlexandria, VA 22306
Senior Living
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Kings Gardens
1 to 3 Bedroom Apartments

Kings Gardens

6300 S Kings HwyAlexandria, VA 22306
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Cherry Arms
1 to 3 Bedroom Apartments

Cherry Arms

7131 Richmond HwyAlexandria, VA 22306

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Penn Draw Village, Alexandria, VA Local Guide

Cheapest Available Penn Draw Village Apartments for Rent

 

The cheapest available apartment rental in the Penn Draw Village area of Washington, VA is a 1 Bed unit found at Longview Terrace Apartments priced from $1,242. Riverside Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,363. Here are the most affordable Penn Draw Village apartments for rent in Washington, VA:

Apartment ListingModel NameBed/BathPriced From
Longview Terrace Apartments1 Bedroom1BR,1BA$1,242
Riverside ApartmentsExecutive Studio | S1BStudio,1BA$1,363
Meadow WoodsPatrick Henry1BR,1BA$1,419
Cityside Huntington MetroStudio 336 sq. ft.Studio,1BA$1,450
Lafayette Apartments1 Bedroom1BR,1BA$1,499
The Fields of AlexandriaS1Studio,1BA$1,525
The Bloom2 Bed 1.5 Bath2BR,1BA$1,539
Beacon HillPiperStudio,1BA$1,550
Haven Huntley Meadows1 Bedroom1BR,1BA$1,595
Kings Gardens1Bedroom 1Bathroom1BR,1BA$1,628

Best Value Apartments for Rent in Penn Draw Village, VA

As of June 19, 2026 the best value apartment in the Penn Draw Village area is the $2.72 price per square foot 2 bedroom Model at Monticello-Lee in the in the Northeast Alexandria neighborhood starting from $2,459. The second greatest value Penn Draw Village apartment is the 2 Bedroom Model at Lafayette Apartments starting at $1,849 with a $2.07 price per square foot in the Gum Springs neighborhood. Here is today’s list of the best values for Penn Draw Village apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Monticello-Lee2 bedroom2BR,1BA$2.72
Lafayette Apartments2 Bedroom2BR,1BA$2.07
The Bloom2 Bed 2 Bath2BR,2BA$2.05
Kings Gardens1Bedroom Den 1Bathroom1BR,1BA$2.09
The Courts at Huntington StationOne Bedroom A1FD21BR,1BA$2.81
The Fields of AlexandriaB12BR,1BA$2.57
Meadow WoodsWoodlawn1BR,1BA$2.12
The Residences at North Hill1 Bedroom1BR,1BA$2.48
Haven Huntley Meadows1 Bedroom1BR,1BA$2.44
Longview Terrace Apartments1 Bedroom1BR,1BA$1.98

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Penn Draw Village, Alexandria, VA

Ranked #25

Among cities in Virginia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

This website compiles millions of data points to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, cities, and rental properties across Virginia and customized analysis for Washington, Virginia. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for the best outdoor access, luxury amenities, pet-friendly features, places that make kids happy, proximity to transit, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Penn Draw Village Apartments

What is a cheap apartment in Penn Draw Village?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Penn Draw Village is under $1,628.

What is the price of a cheap apartment in Penn Draw Village?

The cheapest apartment in Penn Draw Village is Longview Terrace Apartments which is listed at $1,242, while the average apartment in Penn Draw Village costs $3,950.

What types of apartments are the cheapest in Penn Draw Village?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 38 regular apartments in Penn Draw Village that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Penn Draw Village?

Cheap apartments in Penn Draw Village have an average cost of $151 which is $3,799 cheaper than the average rent for all rentals in Penn Draw Village.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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