Cheap Apartments for Rent in the Waterfront Neighborhood of Washington, DC from $700 (56 Rentals)

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

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

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Watermark at Buzzard Point
Rent Specials
$1,439 - $5,864
Total Monthly Price

Total Monthly Price

Base Rent
$1,418 - $5,843
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Studio to 3 Bedroom Apartments Available Now

Watermark at Buzzard Point

1900 Half St SWWashington, DC 20002
Student Housing
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Modern on M
Rent Specials
$1,611 - $7,595
Total Monthly Price

Total Monthly Price

Base Rent
$1,589 - $7,573
Required Monthly Fees
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Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Modern on M

465 M St SWWashington, DC 20024
Corporate Housing
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property at 1101 3rd St SW

$1,650 - $1,850

Studio To 1 Bedroom Rentals

Available Now

1101 3rd St SW

WashingtonDC20024
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1221 Van
Rent Specials
$1,696 - $4,509
Total Monthly Price

Total Monthly Price

Base Rent
$1,606 - $4,419
Required Monthly Fees
Varies

Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

1221 Van

1221 Van St SEWashington, DC 20003
Transit Friendly
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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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Gallery 64
Rent Specials
$1,733 - $9,764
Total Monthly Price

Total Monthly Price

Base Rent
$1,717 - $9,748
Required Monthly Fees
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Total Monthly Price
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Studio to 3 Bedroom Apartments Available Now

Gallery 64

64 H St SWWashington, DC 20024
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Venture on I
Rent Specials
$1,745 - $3,285
Total Monthly Price

Total Monthly Price

Base Rent
$1,723 - $3,263
Required Monthly Fees
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Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Venture on I

60 I St SWWashington, DC 20024
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The Westerly
$1,747 - $5,057
Total Monthly Price

Total Monthly Price

Base Rent
$1,720 - $5,030
Required Monthly Fees
Varies

Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

The Westerly

350 Maple Dr SWWashington, DC 20024
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property at 350 G St SW

$1,845

Total Monthly Price

Total Monthly Price

Base Rent
$1,845

Total Monthly Price
$1,845

Studio, 1 Bath Condo for Rent

Available Now

350 G St SW, Unit 626

350 G St SW
WashingtonDC20024
property at 1101 3rd St SW

$1,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,850

Total Monthly Price
$1,850

Studio, 1 Bath Condo for Rent

Available Now

1101 3rd St SW, Unit 814

1101 3rd St SW
WashingtonDC20024

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.

property at 490 M St SW

$1,850 - $2,950

1 Bedroom Rentals

Available Now

490 M St SW

WashingtonDC20024
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Annex on 12th
Rent Specials
$1,991 - $18,604
Total Monthly Price

Total Monthly Price

Base Rent
$1,970 - $18,583
Required Monthly Fees
Varies

Total Monthly Price
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Studio to 3 Bedroom Apartments Available Now

Annex on 12th

300 12th St SWWashington, DC 20024
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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.

property at 800 4th St SW

$1,995

Total Monthly Price

Total Monthly Price

Base Rent
$1,995

Total Monthly Price
$1,995

1 Bedroom, 1 Bath Condo for Rent

Available Apr 3

800 4th St SW, Unit N117

800 4th St SW
WashingtonDC20024
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MDXL Flats
1 to 4 Bedroom Apartments

MDXL Flats

1530 1st St SWWashington, DC 20024
  • Utilities Included
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Capitol Park Tower
Studio to 3 Bedroom Apartments

Capitol Park Tower

301 G St NWWashington, DC 20024
  • Utilities Included
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Verge
Studio to 2 Bedroom Apartments

Verge

1800 Half St SWWashington, DC 20024
property at 1301 Delaware Ave SW

$1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,650

Total Monthly Price
$1,650

Studio, 1 Bath Condo for Rent

Available Now

1301 Delaware Ave SW

WashingtonDC20024
property at 1435 4th St SW

$1,650 - $1,700

Studio Rentals

Available Now

1435 4th St SW

WashingtonDC20024
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West Half
Studio to 3 Bedroom Apartments

West Half

1201 Half St SEWashington, DC 20003

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

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 ListingModel NameBed/BathPriced From
555Senior Housing Studio 2Studio,1BA$719
MDL FlatsPH031BR,1BA$1,201
Capitol Park TowerStudioStudio,1BA$1,450
The Lex at WaterfrontAffordable Studio ADU-LexStudio,1BA$1,489
Reflections at the WharfX05-SStudio,1BA$1,499
VergeS4AStudio,1BA$1,529
The ChannelStudio-C-OCStudio,1BA$1,553
Watermark at Buzzard PointS4Studio,1BA$1,578
Modern on MStudio-S06 ClassicStudio,1BA$1,656
West HalfStudio Smart Suite | S01fStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
1425 4th St SW, Unit A-7121425 4th St SW2BR,2BA$3.46
The Lex at WaterfrontOne Bedroom - Lex1BR,1BA$2.74
Capitol Park TowerJr2 BR / 2 BA2BR,2BA$3.38
6 O St SW, Unit Unit 16 O St SW1BR,1BA$2.71
Leo at WaterfrontOne Bedroom - Leo1BR,1BA$3.19
Valo ApartmentsJr. One Bedroom1BR,1BA$3.48
Waterside TowersTower (Efficiency)Studio ,1BA$3.20
800 4th St SW, Unit Apt. S417800 4th St SW1BR,1BA$3.36
VergeA6A1BR,1BA$3.60
Capitol Park Plaza and TwinsStudio 1 BathStudio ,1BA$3.55

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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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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

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

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

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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.