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from $1,654Studio to 4 Bedroom Apartments Available Now
Banner Lane
44 Banner LnWashington, DC 20001
Cheap Apartments for Rent in the Penn Quarter Neighborhood of Washington, DC from $1,600 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in the Penn Quarter area of Washington.
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from $1,800Studio to 3 Bedroom Apartments Available Now
Affinity at 2M
2 M St NEWashington, DC 20002
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from $1,826Studio to 4 Bedroom Apartments Available Now
Waterside Towers
907 6th St SWWashington, DC 20024
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from $1,905Studio to 3 Bedroom Apartments Available Now
The Florian
1 Florida Ave NEWashington, DC 20002
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from $1,940Studio to 3 Bedroom Apartments Available Now
AVA NoMa
55 M St NEWashington, DC 20002
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from $2,138Studio to 3 Bedroom Apartments Available Now
Annex on 12th
300 12th St SWWashington, DC 20024
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from $2,148Studio to 2 Bedroom Apartments Available Now
Andover House
1200 14th St NWWashington, DC 20005
915 E St NW, Unit 603
915 E St NW
WashingtonDC20004
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from $2,5701 to 3 Bedroom Apartments Available May 16
1301 Thomas Circle
1301 M St NWWashington, DC 20005
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Penn Quarter, Washington, DC Local Guide
How much does it cost to rent an apartment in Penn Quarter?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Penn Quarter Studio Apartments | $2,296 | $1,654 | $3,133 |
| Penn Quarter 1 Bedroom Apartments | $3,078 | $1,873 | $6,995 |
| Penn Quarter 2 Bedroom Apartments | $4,478 | $2,314 | $6,814 |
| Penn Quarter 3 Bedroom Apartments | $4,968 | $3,999 | $10,000+ |
| Penn Quarter 4 Bedroom Apartments | $5,730 | $5,730 | $5,730 |
Browse Apartments in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Penn Quarter Neighborhood of Washington, DC.
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Penn Quarter, Washington, DC Local Guide
- Nearby Washington neighborhoods
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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 $1,800. Banner Lane has the second lowest priced unit, which is a Studio apartment currently listed from $1,804. Here are the most affordable Penn Quarter apartments for rent in Washington, DC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Affinity at 2M | Studio | Studio,1BA | $1,800 |
| Banner Lane | S4 | Studio,1BA | $1,804 |
| Waterside Towers | Tower (Efficiency) | Studio,1BA | $1,826 |
Best Value Apartments for Rent in Penn Quarter, DC
As of April 28, 2025 the best value apartment in the Penn Quarter area is the $5.12 price per square foot 2 Bed/1 Bath-Small Model at The Apartments at City Center in the in the Mount Vernon Square neighborhood starting from $5,049. The second greatest value Penn Quarter apartment is the B16 Model at Annex on 12th starting at $5,662 with a $5.81 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Apartments at City Center | 2 Bed/1 Bath-Small | 2BR,1BA | $5.12 |
| Annex on 12th | B16 | 2BR,2BA | $5.81 |
| Affinity at 2M | 2 Bedroom 1 Bathroom | 2BR,1BA | $3.83 |
| Andover House | A1G | 1BR,1BA | $3.28 |
| The Lexington at Market Square | 1Bed 1 Bath | 1BR,1BA | $4.66 |
| AVA NoMa | a2p-618 | 1BR,1BA | $3.74 |
| Banner Lane | A3 | 1BR,1BA | $3.94 |
| Waterside Towers | Tower (Efficiency) | Studio ,1BA | $3.04 |
| The Kiley | Garden | 1BR,1BA | $4.12 |
| The Florian | Studio | Studio ,1BA | $4.99 |
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Pet Friendly LifestylePenn Quarter, Washington, DC
Ranked #51
Among neighborhoods in Washington, DC for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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 $3,038.
What is the price of a cheap apartment in Penn Quarter?
The cheapest apartment in Penn Quarter is Banner Lane which is listed at $1,873, 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 92 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 $2,126 which is $3,604 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.
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.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.
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.