Cheap Apartments for Rent in the Penn Quarter Neighborhood of Washington, DC from $1,200 (39 Rentals)

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

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

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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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.

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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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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.

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Showing Results 1-39, Page 1 of 1

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 Capital Plaza Apartments priced from $1,599. Affinity at 2M has the second lowest priced unit, which is a Studio apartment currently listed from $1,600. Here are the most affordable Penn Quarter apartments for rent in Washington, DC:

Apartment ListingModel NameBed/BathPriced From
Capital Plaza ApartmentsSTUDIO (ST 1)Studio,1BA$1,599
Affinity at 2MStudio Plan A MarketStudio,1BA$1,600
Alula at Bridge DistrictStudio - Alula - E01Studio,1BA$1,601
Banner LaneBanner Lane I S2Studio,1BA$1,628
Mass CourtStudio 546Studio,1BA$1,632
Avec on H StreetStudio-BStudio,1BA$1,695
Zen ApolloUrban One - 550Studio,1BA$1,700
Stratos at Bridge DistrictStudio - Stratos - AA10Studio,1BA$1,719
Maple View Flats1 Bed/1 Bath 60%-1Y-HC (m254aa20)1BR,1BA$1,784
Market HouseMarket House S3Studio,1BA$1,784

Best Value Apartments for Rent in Penn Quarter, DC

As of November 02, 2025 the best value apartment in the Penn Quarter area is the $2.66 price per square foot 2 Bed/2 Bath Model at Historic Row Apartments in the in the Mount Vernon Square neighborhood starting from $3,850. The second greatest value Penn Quarter apartment is the B2F Model at Andover House starting at $4,097 with a $3.25 price per square foot in the Mount Vernon Square 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$2.66
Andover HouseB2F2BR,2BA$3.25
Mass Court1 Bed Den 8431BR,1BA$3.59
The Elaine1 Bedroom + Den1BR,1BA$3.03
Waterside TowersTower (1 Bedroom)1BR,1BA$2.86
View 14One Bedroom A1D1BR,1BA$3.18
Lex and Leo at Waterfront StationOne Bedroom - Leo1BR,1BA$3.18
The J.C Layne at EuclidTwo Bedroom2BR,1BA$3.73
Banner LaneBanner Lane I A21BR,1BA$3.47
Maple View Flats1 Bed/1 Bath 60%-1T (m254aa01)1BR,1BA$3.68

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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 Quarter, Washington, DC

Ranked #37

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the Penn Quarter Neighborhood in Washington, DC

Walk Score®

99 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

87 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

100 / 100

Rider’s Paradise

World-class public transportation

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $1,784.

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

The cheapest apartment in Penn Quarter is Banner Lane which is listed at $1,731, while the average apartment in Penn Quarter costs $5,931.

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 859 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 $1,947 which is $3,984 cheaper than the average rent for all rentals in Penn Quarter.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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A Washington DC Local Expert's Guide to Top Affordable Neighborhoods for Renters in the DC Metro

Written by: Steve Lilly

I'm Steve, your ApartmentHomeLiving.com Local Expert for Washington, DC.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.