Cheap Apartments for Rent in the Penn Quarter Neighborhood of Washington, DC from $1,300 (40 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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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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Washington's Best Affordable Neighborhoods

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Showing Results 1-40, 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 Union Heights priced from $1,500. Banner Lane has the second lowest priced unit, which is a Studio apartment currently listed from $1,500. Here are the most affordable Penn Quarter apartments for rent in Washington, DC:

Apartment ListingModel NameBed/BathPriced From
Union HeightsS5AStudio,1BA$1,500
Banner LaneBanner Lane I S6Studio,1BA$1,500
The IrisS2AFFStudio,1BA$1,508
Capital Plaza ApartmentsSTUDIO (ST 1)Studio,1BA$1,599
Affinity at 2MStudio Plan A MarketStudio,1BA$1,600
Arcade SunshineNOVAStudio,1BA$1,603
Avec on H StreetStudio-BStudio,1BA$1,635
Alula at Bridge DistrictStudio - Alula - E04Studio,1BA$1,644
Market HouseMarket House S3Studio,1BA$1,674
Zen ApolloUrban One - 550Studio,1BA$1,700

Best Value Apartments for Rent in Penn Quarter, DC

As of December 25, 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 Banner Lane I C7 Model at Banner Lane starting at $5,004 with a $3.68 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
Banner LaneBanner Lane I C73BR,2BA$3.68
Jefferson MarketplaceD13BR,2BA$3.67
Andover HouseB2C2BR,2BA$3.50
Mass Court1 Bed Den 8431BR,1BA$3.07
The KileyAnthem A1BR,1BA$3.18
Cortland Mount VernonS2Studio ,1BA$3.64
Maple View Flats1 Bed/1 Bath 60%-1T (m254aa01)1BR,1BA$3.68
Union HeightsS5AStudio ,1BA$3.27
Avec on H StreetStudio-BStudio ,1BA$3.71

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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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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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 #38

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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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 $1,700.

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

The cheapest apartment in Penn Quarter is Banner Lane which is listed at $1,655, while the average apartment in Penn Quarter costs $6,072.

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 838 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 $2,382 which is $3,690 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.

Helpful Local Expert Guides

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

Written by: Steve Lilly

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

decorative image for The DC Housing Strategy: Balancing Career & Lifestyle Near Top Washington DC Area Employers article

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

Written by: Steve Lilly

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

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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!