Cheap Apartments for Rent in the Penn Quarter Neighborhood of Washington, DC from $1,600 (9 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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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 Affinity at 2M priced from $1,750. Waterside Towers has the second lowest priced unit, which is a Studio apartment currently listed from $1,826. Here are the most affordable Penn Quarter apartments for rent in Washington, DC:

Apartment ListingModel NameBed/BathPriced From
Affinity at 2MStudioStudio,1BA$1,750
Waterside TowersTower (Efficiency)Studio,1BA$1,826
The FlorianStudioStudio,1BA$1,845

Best Value Apartments for Rent in Penn Quarter, DC

As of April 08, 2025 the best value apartment in the Penn Quarter area is the $2.13 price per square foot 2 Bed/2 Bath Model at Historic Row Apartments in the in the Mount Vernon Square neighborhood starting from $4,100. The second greatest value Penn Quarter apartment is the C1 Model at Banner Lane starting at $5,311 with a $4.09 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$2.13
Banner LaneC13BR,2BA$4.09
1301 Thomas CircleTwo Bedroom B2H2BR,2BA$3.78
The Florian3 Bedroom, 2 Bath3BR,2BA$4.85
Andover HouseA1G1BR,1BA$3.76
Waterside TowersGarden (1 Bedroom Inside)1BR,1BA$3.32
The Lexington at Market Square1Bed 1 Bath1BR,1BA$3.59
Affinity at 2MStudioStudio ,1BA$3.17
The KileyGarden1BR,1BA$4.08
AVA NoMaS1-451-sch-1Studio ,1BA$4.27

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Pet Friendly Lifestyle
Penn Quarter, Washington, DC

Ranked #64

Among neighborhoods in Washington, DC for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
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 $2,863.

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

The cheapest apartment in Penn Quarter is Affinity at 2M which is listed at $1,783, while the average apartment in Penn Quarter costs $5,730.

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 110 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 $2,175 which is $3,555 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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.