
Cheap Apartments for Rent in the Waterfront Neighborhood of Washington, DC from $700 (56 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterfront area of Washington.


Room in Shared 7 bed/3.5 bath home

Room in Shared 7 bed/3.5 bath home

Room in Shared 7 bed/4 bath home

MDL Flats

Room in Shared 7 bed/4 bath home

Room in Shared 7 bed/3.5 bath home

Room in Shared 7 bed/4 bath home

Room in Shared 7 bed/4 bath home

Room in Shared 7 bed/4 bath home
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.

Total Monthly Price
Watermark at Buzzard Point

Capitol Park Tower

Room in Shared 7 bed/4 bath home

The Lex at Waterfront

Leo at Waterfront

Reflections at the Wharf

J.COOPERS ROW

Total Monthly Price
Modern on M

1101 3rd St SW

Total Monthly Price
1221 Van
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.

Valo Apartments

Capitol Park Plaza and Twins

Riverpoint

Total Monthly Price
Gallery 64

Total Monthly Price
Venture on I

Total Monthly Price
The Westerly

Coda on Half | Luxury Navy Yard / SE DC Apartments for Rent | A Placemakr Experience

The Kiley

350 G St SW, Unit 626

1101 3rd St SW, Unit 814
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.

490 M St SW

Maren

Artline Apartments

Total Monthly Price
6 O St SW, Unit Unit 1

949 1st St SE

Waterside Towers

800 4th St SW, Unit Apt. S417

300 M St SW, Unit N102

70 I St SE

Total Monthly Price
Annex on 12th
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.

800 4th St SW

800 4th St SW, Unit N117

MDXL Flats

115 E St

Capitol Park Tower

Verge

1301 Delaware Ave SW

1311 Delaware Ave SW

1435 4th St SW

West Half
Washington's Best Affordable Neighborhoods
Learn about Washington and the best places to live with original content written by Local Expert Steve Lilly
Waterfront, Washington, DC Local Guide

How much does it cost to rent an apartment in Waterfront?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterfront Studio Apartments | $1,923 | $719 | $3,390 |
| Waterfront 1 Bedroom Apartments | $2,466 | $1,201 | $6,022 |
| Waterfront 2 Bedroom Apartments | $3,736 | $1,582 | $8,571 |
| Waterfront 3 Bedroom Apartments | $3,698 | $1,501 | $10,000+ |
| Waterfront 4 Bedroom Apartments | $1,590 | $1,256 | $2,436 |
Browse Apartments in this Neighborhood
There are currently 56 rentals with your search options within a 2 mile radius of the Waterfront Neighborhood of Washington, DC.
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Waterfront, Washington, DC Local Guide
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Cheapest Available Waterfront Apartments for Rent
 The cheapest available apartment rental in the Waterfront area of Washington, DC is a Studio unit found at 555 priced from $719. MDL Flats has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,201. Here are the most affordable Waterfront apartments for rent in Washington, DC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 555 | Senior Housing Studio 2 | Studio,1BA | $719 |
| MDL Flats | PH03 | 1BR,1BA | $1,201 |
| Capitol Park Tower | Studio | Studio,1BA | $1,450 |
| The Lex at Waterfront | Affordable Studio ADU-Lex | Studio,1BA | $1,489 |
| Reflections at the Wharf | X05-S | Studio,1BA | $1,499 |
| Verge | S4A | Studio,1BA | $1,529 |
| The Channel | Studio-C-OC | Studio,1BA | $1,553 |
| Watermark at Buzzard Point | S4 | Studio,1BA | $1,578 |
| Modern on M | Studio-S06 Classic | Studio,1BA | $1,656 |
| West Half | Studio Smart Suite | S01f | Studio,1BA | $1,702 |
Best Value Apartments for Rent in Waterfront, DC
As of March 26, 2026 the best value apartment in the Waterfront area is the $3.46 price per square foot 1425 4th St SW Model at 1425 4th St SW, Unit A-712 in the in the Southwest Washington neighborhood starting from $2,997. The second greatest value Waterfront apartment is the One Bedroom - Lex Model at The Lex at Waterfront starting at $2,085 with a $2.74 price per square foot in the Mall neighborhood. Here is today’s list of the best values for Waterfront apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1425 4th St SW, Unit A-712 | 1425 4th St SW | 2BR,2BA | $3.46 |
| The Lex at Waterfront | One Bedroom - Lex | 1BR,1BA | $2.74 |
| Capitol Park Tower | Jr2 BR / 2 BA | 2BR,2BA | $3.38 |
| 6 O St SW, Unit Unit 1 | 6 O St SW | 1BR,1BA | $2.71 |
| Leo at Waterfront | One Bedroom - Leo | 1BR,1BA | $3.19 |
| Valo Apartments | Jr. One Bedroom | 1BR,1BA | $3.48 |
| Waterside Towers | Tower (Efficiency) | Studio ,1BA | $3.20 |
| 800 4th St SW, Unit Apt. S417 | 800 4th St SW | 1BR,1BA | $3.36 |
| Verge | A6A | 1BR,1BA | $3.60 |
| Capitol Park Plaza and Twins | Studio 1 Bath | Studio ,1BA | $3.55 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleRent 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.
Read ArticleQuick 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.
Lifestyle Ratings
This website is happy to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Waterfront, Washington, and the greater Washington area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and proximity to parks, transit availability, pet-friendly communities, family-friendliness, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Waterfront Apartments
What is a cheap apartment in Waterfront?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Waterfront is under $1,702.
What is the price of a cheap apartment in Waterfront?
The cheapest apartment in Waterfront is MDL Flats which is listed at $1,201, while the average apartment in Waterfront costs $3,578.
What types of apartments are the cheapest in Waterfront?
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 300 regular apartments in Waterfront 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 Waterfront?
Cheap apartments in Waterfront have an average cost of $1,126 which is $2,452 cheaper than the average rent for all rentals in Waterfront.
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

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.

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.

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.

Discover DC: The Insider's Guide to Renting in Our Nations Capital
Written by: Steve Lilly
Greetings from Washington, DC! I'm Stephen, your ApartmentHomeLiving.com Local Expert for Washington, and I'd love to give you the inside scoop on a city that many people only think of in terms of visiting, not living in.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.