Cheap Apartments for Rent in the Waterfront Neighborhood of Washington, DC from $1,000 (66 Rentals)

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

property at 601 G St SW

601 G St SW

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Waterfront, Washington, DC Local Guide

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 $1,246. Seventy1Hundred Capitol Yards has the second lowest priced unit, which is a Studio apartment currently listed from $1,517. Here are the most affordable Waterfront apartments for rent in Washington, DC:

Apartment ListingModel NameBed/BathPriced From
555Senior Housing S4Studio,1BA$1,246
Seventy1Hundred Capitol Yards100-S7Studio,1BA$1,517
RiverpointSTA3Studio,1BA$1,590
IncantoStudio-SNStudio,1BA$1,622
VergeS2AStudio,1BA$1,648
Modern on MStudio-S06 ClassicStudio,1BA$1,649
The BanksStudio-A5Studio,1BA$1,665
Seventy1Hundred70-S2Studio,1BA$1,668
West HalfStudio | S02bStudio,1BA$1,689
The ChannelStudio-C-OCStudio,1BA$1,691

Best Value Apartments for Rent in Waterfront, DC

As of November 10, 2025 the best value apartment in the Waterfront area is the $3.22 price per square foot B1.18 Model at 1000 South Capitol in the in the Southwest Washington neighborhood starting from $4,082. The second greatest value Waterfront apartment is the Two Bedroom One Bath - Leo Model at Lex and Leo at Waterfront Station starting at $2,750 with a $3.16 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 ListingModel NameBed/BathPrice Per Sq.Ft.
1000 South CapitolB1.182BR,2BA$3.22
Lex and Leo at Waterfront StationTwo Bedroom One Bath - Leo2BR,1BA$3.16
Valo ApartmentsJr. Two Bedroom2BR,2BA$3.29
1425 4th St SW, Unit 7121425 4th St SW2BR,2BA$3.46
301 M St NW, Unit #3301 M St NW1BR,1BA$2.99
Waterside TowersTower (1 Bedroom)1BR,1BA$2.86
603 G St SW, Unit BasementFurnishedAPT603 G St SW1BR,1BA$2.27
Lex and Leo at Waterfront StationOne Bedroom - Leo1BR,1BA$3.27
Seventy1Hundred Capitol Yards70-S1Studio ,1BA$3.29
Seventy1Hundred70-S2Studio ,1BA$3.15

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

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

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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!

Getting Around the Waterfront Neighborhood in Washington, DC

Walk Score®

82 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

90 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

73 / 100

Excellent Transit

Transit is convenient for most trips

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 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 $1,691.

What is the price of a cheap apartment in Waterfront?

The cheapest apartment in Waterfront is Seventy1Hundred Capitol Yards which is listed at $1,589, while the average apartment in Waterfront costs $4,950.

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 409 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 $1,515 which is $3,435 cheaper than the average rent for all rentals in Waterfront.

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.