Cheap Apartments for Rent in the Penn Quarter Neighborhood of Washington, DC from $1,400 (34 Rentals)

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

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Banner Lane
Rent Specials
$1,488 - $4,417
Total Monthly Price

Total Monthly Price

Base Rent
$1,488 - $4,417

Total Monthly Price
$1,488 - $4,417
Studio to 2 Bedroom Apartments Available Now

Banner Lane

44 Banner LnWashington, DC 20001
Transit Friendly
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The Iris
Rent Specials
$1,529 - $3,990
Total Monthly Price

Total Monthly Price

Base Rent
$1,529 - $3,990

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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Rowan
Rent Specials
$1,625 - $3,710
Total Monthly Price

Total Monthly Price

Base Rent
$1,625 - $3,710

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Rowan

2607 Reed St NEWashington, DC 20018
Affordability
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The Aspen
Rent Specials
$2,098 - $5,582
Total Monthly Price

Total Monthly Price

Base Rent
$2,098 - $5,582

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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Annex on 12th
Rent Specials
$2,123 - $13,564
Total Monthly Price

Total Monthly Price

Base Rent
$2,123 - $13,564

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Annex on 12th

300 12th St SWWashington, DC 20024
Affordability
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Discover DC: The Insider's Guide to Renting in Our Nation's Capital

Explore Washington DC like a local with this insider's guide to renting in the Nation's Capital. Explore the area's best neighborhoods, hidden gems, and diverse, delicious food scene.

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Alta 801
Rent Specials
$2,229 - $4,376
Total Monthly Price

Total Monthly Price

Base Rent
$2,229 - $4,376

Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Alta 801

801 New Jersey Ave NWWashington, DC 20001
Luxury
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Aviator House
Rent Specials
$2,302 - $8,377
Total Monthly Price

Total Monthly Price

Base Rent
$2,302 - $8,377

Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Aviator House

1625 Massachusetts Ave NWWashington, DC 20036
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Renting in the D.C. area? Explore Takoma, Brookland, Glover Park, Charles Village, and more. Find a convenient, high-quality home near your major employer.

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Cortland Pentagon City
Rent Specials
$2,146 - $11,699
Total Monthly Price

Total Monthly Price

Base Rent
$2,117 - $11,670
Required Monthly Fees
Varies

Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Cortland Pentagon City

1221-1331 S Eads StArlington, VA 22202
Corporate Housing
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Penn Quarter, Washington, DC Local Guide

Cheapest Available Penn Quarter Apartments for Rent

 

The cheapest available apartment rental in the Penn Quarter area of Washington, DC is a Studio unit found at Banner Lane priced from $1,488. Park East Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,499. Here are the most affordable Penn Quarter apartments for rent in Washington, DC:

Apartment ListingModel NameBed/BathPriced From
Banner LaneS3Studio,1BA$1,488
Park East Apartments0BR/1.0BAStudio,1BA$1,499
1500 MassFPB 423Studio,1BA$1,600
Affinity at 2MStudio Plan A MarketStudio,1BA$1,600
Zen ApolloUrban One - 478Studio,1BA$1,650
Waterside TowersGarden (1 Bedroom Inside)1BR,1BA$1,748
Maple View Flats1 Bed/1 Bath 40%-1S (m254aa41)1BR,1BA$1,795
The FlorianStudio - 382Studio,1BA$1,816
Columbia PlazaGeorgetownStudio,1BA$1,850
The Phoenix ApartmentsRenovated Studio 03A TierStudio,1BA$1,899

Best Value Apartments for Rent in Penn Quarter, DC

As of July 27, 2026 the best value apartment in the Penn Quarter area is the $2.06 price per square foot 2 Bed/2 Bath Model at Historic Row Apartments in the in the Mount Vernon Square neighborhood starting from $3,950. The second greatest value Penn Quarter apartment is the 3 Bedroom Model at Skyline Towers starting at $4,795 with a $3.10 price per square foot in the Northwest Washington neighborhood. Here is today’s list of the best values for Penn Quarter apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Historic Row Apartments2 Bed/2 Bath2BR,2BA$2.06
Skyline Towers3 Bedroom3BR,2BA$3.10
Waterside TowersGarden (2 Bedroom Outside)2BR,1BA$2.78
Avec on H Street2-A2BR,2BA$3.54
Park East Apartments2BR/1.0BA2BR,1BA$3.41
Banner LaneB22BR,1BA$3.32
Cortland Pentagon CityA41BR,1BA$3.48
Maple View Flats1 Bed/1 Bath 40%-1S (m254aa41)1BR,1BA$2.87
Andover HouseE1AStudio ,1BA$3.47
Zen ApolloUrban One - 478Studio ,1BA$3.45

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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Rent Smart in Washington DC: Best Neighborhoods to Rent for University Students

Discover the top neighborhoods for university students to rent in Washington D.C. Find affordable, convenient, and vibrant areas near major campuses on ApartmentHomeLiving.com.

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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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Pet Friendly Lifestyle
Penn Quarter, Washington, DC

Ranked #44

Among cities in District of Columbia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Penn Quarter Apartments

What is a cheap apartment in Penn Quarter?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Penn Quarter is under $1,899.

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

The cheapest apartment in Penn Quarter is Waterside Towers which is listed at $1,748, while the average apartment in Penn Quarter costs $7,402.

What types of apartments are the cheapest in Penn Quarter?

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 228 regular apartments in Penn Quarter 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 Quarter?

Cheap apartments in Penn Quarter have an average cost of $1,732 which is $5,670 cheaper than the average rent for all rentals in Penn Quarter.

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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