Cheap Apartments for Rent in the Downtown Penn Quarter Chinatown Neighborhood of Washington, DC from $700 (86 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Penn Quarter Chinatown area of Washington.

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555
Rent Specials
$1,246 - $3,837
Total Monthly Price

Total Monthly Price

Base Rent
$1,246 - $3,837
Total Monthly Price
$1,246 - $3,837
Studio to 2 Bedroom Apartments Available Now

555

555 E St SWWashington, DC 20024
Affordability
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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.

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The DC Housing Strategy: Balancing Career & Lifestyle Near Top Washington DC Area Employers

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The Baystate
Rent Specials
$1,525 - $2,250
Total Monthly Price

Total Monthly Price

Base Rent
$1,525 - $2,250
Total Monthly Price
$1,525 - $2,250
Studio to 1 Bedroom Apartments Available Jun 7

The Baystate

1701 Mass Ave NWWashington, DC 20036
Student Housing
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The Iris
Rent Specials
$1,529 - $4,030
Total Monthly Price

Total Monthly Price

Base Rent
$1,529 - $4,030
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

The Iris

7 M St NEWashington, DC 20002
Student Housing
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property at 1727 Massachusetts Ave NW

$1,545 - $1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,545 - $1,800
Total Monthly Price
$1,545 - $1,800

Studio, 1 Bath Condo for Rent

Available Now

1727 Massachusetts Ave NW

WashingtonDC20036

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SoNYa
Rent Specials
$1,633 - $3,192
Total Monthly Price

Total Monthly Price

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$1,633 - $3,192
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Studio to 2 Bedroom Apartments Available Now

SoNYa

40 Patterson St NEWashington, DC 20002
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The Belgard
Rent Specials
$1,729 - $4,664
Total Monthly Price

Total Monthly Price

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$1,729 - $4,664
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Studio to 2 Bedroom Apartments Available Now

The Belgard

33 N St NEWashington, DC 20002
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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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The Aspen
$1,805 - $8,862
Total Monthly Price

Total Monthly Price

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$1,805 - $8,862
Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

The Aspen

1011 4th St NWWashington, DC 20001
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Banner Lane
Rent Specials
$1,865 - $3,830
Total Monthly Price

Total Monthly Price

Base Rent
$1,865 - $3,830
Total Monthly Price
$1,865 - $3,830
Studio to 2 Bedroom Apartments Available Now

Banner Lane

44 Banner LnWashington, DC 20001
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Slate at NoMa
Rent Specials
$1,868 - $4,828
Total Monthly Price

Total Monthly Price

Base Rent
$1,868 - $4,828
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Slate at NoMa

51 M St NEWashington, DC 20002
Student Housing
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Downtown Penn Quarter Chinatown, Washington, DC Local Guide

Cheapest Available Downtown Penn Quarter Chinatown Apartments for Rent

 

The cheapest available apartment rental in the Downtown Penn Quarter Chinatown area of Washington, DC is a Studio unit found at King Towers priced from $947. 555 has the second lowest priced unit, which is a Studio apartment currently listed from $1,246. Here are the most affordable Downtown Penn Quarter Chinatown apartments for rent in Washington, DC:

Apartment ListingModel NameBed/BathPriced From
King TowersStudioStudio,1BA$947
555Senior Housing S2Studio,1BA$1,246
Liberty PlaceStudio BStudio,1BA$1,362
The IrisS5AFFStudio,1BA$1,529
The Phoenix ApartmentsStudio 04 TierStudio,1BA$1,589
MiramarSTUDIOStudio,1BA$1,599
Capital Plaza ApartmentsSTUDIO (ST 1)Studio,1BA$1,599
Affinity at 2MStudio Plan A MarketStudio,1BA$1,600
Affordable apartment in Dupont Circle0BR/1.0BAStudio,1BA$1,635
SoNYaA3 | Studio | 1 BathStudio,1BA$1,639

Best Value Apartments for Rent in Downtown Penn Quarter Chinatown, DC

As of April 29, 2026 the best value apartment in the Downtown Penn Quarter Chinatown area is the $2.96 price per square foot E-G Model at The Ashton at Judiciary Square in the in the Mount Vernon Square neighborhood starting from $5,522. The second greatest value Downtown Penn Quarter Chinatown apartment is the B2C Model at Andover House starting at $3,981 with a $3.44 price per square foot in the Mount Vernon Square neighborhood. Here is today’s list of the best values for Downtown Penn Quarter Chinatown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Ashton at Judiciary SquareE-G2BR,2.5BA$2.96
Andover HouseB2C2BR,2BA$3.44
402 M Street NW, Unit Apt C402 M Street NW1BR,1BA$2.27
1015 P St NW, Unit 21015 P St NW2BR,1BA$2.59
Tribeca NOMAA1D (w/Den)1BR,1BA$2.84
The Lansburgh1BR1BR,1BA$3.04
Carmel PlazaTwo Bedroom2BR,1BA$3.05
1406 3rd St NW, Unit Unit B1406 3rd St NW1BR,1BA$2.62
1339 14th St NW, Unit Unit 21339 14th St NW1BR,1BA$3.38
Zen ApolloUrban One - 478Studio ,1BA$3.45

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Best Local Schools in
Downtown Penn Quarter Chinatown, Washington, DC

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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of neighborhoods, cities and towns, and rental properties across District of Columbia and customized analysis for Central Washington. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for the best proximity to parks and outdoor amenities, luxury amenities, pet-friendly features, places that make kids happy, proximity to transit, and more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Downtown Penn Quarter Chinatown Apartments

What is a cheap apartment in Downtown Penn Quarter Chinatown?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Penn Quarter Chinatown is under $1,639.

What is the price of a cheap apartment in Downtown Penn Quarter Chinatown?

The cheapest apartment in Downtown Penn Quarter Chinatown is Liberty Place which is listed at $1,446, while the average apartment in Downtown Penn Quarter Chinatown costs $5,882.

What types of apartments are the cheapest in Downtown Penn Quarter Chinatown?

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 283 regular apartments in Downtown Penn Quarter Chinatown 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 Downtown Penn Quarter Chinatown?

Cheap apartments in Downtown Penn Quarter Chinatown have an average cost of $1,151 which is $4,731 cheaper than the average rent for all rentals in Downtown Penn Quarter Chinatown.

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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