Average Rent in Downtown - Penn Quarter - Chinatown, Washington, DC

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Current Versus Historical Downtown - Penn Quarter - Chinatown, Washington, DC Rents

Downtown - Penn Quarter - Chinatown rentals average $2,109 for a studio rental to $5,495 for a 4-bedroom rental. The median price of all currently available listings is $3,000, or roughly $43 per square feet.

For the apartment units and housing in July 2026, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $120 (-5.41%) year-over-year from $2,220 to $2,100. 1-bedroom rentals prices have decreased by $128 (-4.54%) year-over-year from $2,828 to $2,700. 2-bedroom rentals prices have decreased by $177 (-4.29%) year-over-year from $4,127 to $3,950. 3-bedroom rentals prices have increased by $710 (14.82%) year-over-year from $4,790 to $5,500. 4-bedroom rentals prices have increased by $190 (3.58%) year-over-year from $5,305 to $5,495. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 0.70% this month. 1-bedroom rents have gone up by 3.35% this month. 2-bedroom rents have gone up by 5.90% this month. 3-bedroom rents have gone up by 2.17% this month. 4-bedroom rents have gone up by 0.29% this month.

Beds	Price / Sqft	Jul 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$48.00	$2,100	$2,220 (-5.41%)	$2,316 (-9.31%)
1 BR	$42.89	$2,700	$2,828 (-4.54%)	$2,686 (0.54%)
2 BR	$41.90	$3,950	$4,127 (-4.29%)	$3,772 (4.71%)
3 BR	$50.38	$5,500	$4,790 (14.82%)	$4,202 (30.90%)
4+ BR	$50.72	$5,495	$5,305 (3.58%)	$7,441 (-26.15%)

Historical Rents in Downtown - Penn Quarter - Chinatown, Washington, DC

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Downtown - Penn Quarter - Chinatown

There are a total of 22 cities nearby Downtown - Penn Quarter - Chinatown. The average rent in Downtown - Penn Quarter - Chinatown is currently $2,850 per month. A total of 14 cities nearby have an average rent lower than that. Our records show that Silver Spring, MD, with an average rent of $2,225, is the most affordable city nearby. In contrast, the most expensive city near Downtown - Penn Quarter - Chinatown, Washington, DC is McLean, VA. Monthly rents here are on average $5,698 per month.

Let's compare Downtown - Penn Quarter - Chinatown, Washington, DC's rent against other top cities nearby by bedroom size. Typically, rent for studios in Downtown - Penn Quarter - Chinatown, Washington, DC is 45.47% more expensive than other cities nearby. One bedrooms are about 23.22% more expensive. Two bedrooms in Downtown - Penn Quarter - Chinatown, Washington, DC are about 35.44% more expensive. Finally, rent for three bedrooms are about 39.14% more expensive. Want more information? Check out the top 10 cities out of 22 total cities near Downtown - Penn Quarter - Chinatown, Washington, DC in the following table.

City	Studio	1 Bed	2 Bed	All
Silver Spring, MD	$1,594	$1,875	$2,422	$2,225
Aspen Hill, MD	N/A	$1,548	$2,148	$2,500
Arlington, VA	$1,750	$2,350	$3,200	$2,752
Washington, DC	$1,850	$2,300	$3,200	$2,756
Alexandria, VA	$1,860	$2,150	$2,900	$2,800
Tysons Corner, VA	$2,945	$2,250	$2,975	$3,200
North Bethesda, MD	$1,998	$2,200	$2,850	$3,295
Bethesda, MD	$2,233	$2,550	$3,917	$3,950
Potomac, MD	$1,495	$1,898	$2,625	$4,500
McLean, VA	N/A	$2,050	$3,900	$5,698

Top Neighborhoods Near Downtown - Penn Quarter - Chinatown

There are a total of 24 neighborhoods in or near Downtown - Penn Quarter - Chinatown. Some of these neighborhoods include Congress Heights, Brookland, and Van Ness - Forest Hills. We've included all of these top 24 neighborhoods in or near Downtown - Penn Quarter - Chinatown, Washington, DC in the following table.

The average rent for these 24 neighborhoods in or near Downtown - Penn Quarter - Chinatown, Washington, DC is currently around $2,810 per month. A total of 19 neighborhoods have a lower average rent. Meaning, only five neighborhoods have a higher average rent than $2,810. Interestingly, the neighborhoods' average rent is less than Downtown - Penn Quarter - Chinatown's average rent, which is actually $3,000. Out of all the neighborhoods in or near Downtown - Penn Quarter - Chinatown, Congress Heights has the most affordable average rent at $1,650 per month. Whereas, at $4,475 average rent per month, Georgetown is the most expensive neighborhood in or near Downtown - Penn Quarter - Chinatown. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Congress Heights, Washington, DC	$421	$1,278	$1,625	$1,650
Brookland, Washington, DC	$1,400	$1,644	$2,250	$2,050
Van Ness - Forest Hills, Washington, DC	$1,693	$2,073	$3,150	$2,195
Radnor - Fort Myer Heights, Arlington, VA	$1,700	$2,350	$3,467	$2,300
Southwest - Waterfront, Washington, DC	$1,650	$2,200	$2,985	$2,400
Anacostia, Washington, DC	$2,500	$1,395	$1,850	$2,450
Dupont Circle, Washington, DC	$1,875	$2,600	$3,750	$2,539
Kingman Park, Washington, DC	N/A	$1,700	$2,850	$2,598
Trinidad - Langston, Washington, DC	N/A	$1,600	$2,450	$2,599
Foggy Bottom - GWU - West End, Washington, DC	$1,950	$2,675	$5,200	$2,656
Capitol Hill, Washington, DC	$1,673	$1,990	$3,300	$2,700
Mount Vernon Square, Washington, DC	$2,235	$2,600	$3,997	$2,771
Adams Morgan, Washington, DC	$1,700	$2,450	$3,900	$2,850
Cathedral - Wesley Heights - McLean Gardens, Washington, DC	$1,834	$2,717	$4,323	$2,868
Logan Circle - Shaw, Washington, DC	$1,795	$2,500	$3,700	$2,900
16th Street Heights - Crestwood - Brightwood Park, Washington, DC	N/A	$1,950	$2,713	$2,900
Fairlington - Shirlington, Arlington, VA	N/A	$2,100	$3,000	$2,900
Braddock Road Metro, Alexandria, VA	$1,910	$2,338	$3,178	$2,910
Columbia Heights, Washington, DC	$1,500	$2,000	$3,200	$2,950
U Street - Cardozo, Washington, DC	$2,250	$2,273	$3,923	$3,200
Petworth, Washington, DC	N/A	$1,900	$2,698	$3,350
Ballston - Virginia Square, Arlington, VA	$1,750	$2,616	$3,750	$3,400
LeDroit Park - Bloomingdale, Washington, DC	$1,800	$1,700	$3,200	$3,650
Georgetown, Washington, DC	$1,990	$2,985	$4,350	$4,475

Top Counties Near Downtown - Penn Quarter - Chinatown

There are a total of 6 counties located by Downtown - Penn Quarter - Chinatown, Washington, DC. Some of these counties include Prince George's, MD, Arlington, VA, and Alexandria, VA. The average rent for rentals in these counties is $2,900. That's roughly around $25 per sqft. A total of 4 counties have a lower average rent. The county that is the most affordable is Prince George's, MD. Its average rent per month is $2,750. Vice versa, with an average rent of $3,200, Fairfax, VA is the most expensive county by Downtown - Penn Quarter - Chinatown, Washington, DC.

Typically, rent for studios in Downtown - Penn Quarter - Chinatown, Washington, DC is 16.79% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Downtown - Penn Quarter - Chinatown, Washington, DC is 22.02% more expensive than other counties nearby. Finally, rent for two bedrooms in Downtown - Penn Quarter - Chinatown, Washington, DC is 34.67% more expensive than other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
Prince George's, MD	$1,760	$1,750	$2,100	$2,750
Arlington, VA	$1,750	$2,350	$3,200	$2,752
Alexandria, VA	$1,860	$2,150	$2,900	$2,800
Montgomery, MD	$1,806	$2,100	$2,561	$3,000
Howard, MD	N/A	$1,650	$2,250	$3,150
Fairfax, VA	$1,650	$1,955	$2,600	$3,200

Top Zipcodes Near Downtown - Penn Quarter - Chinatown

There are a total of 43 zipcodes in or near Downtown - Penn Quarter - Chinatown, Washington, DC. The average rent for all of these zipcodes is $2,900. A total of 28 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 20032, Washington, DC at $1,600 per month. In comparison, the zipcode with the most expensive average rent of $5,275 per month is 20817, Bethesda, MD.

Studios in these zipcodes have an average rent of $1,698. That's at least $39 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Downtown - Penn Quarter - Chinatown, Washington, DC is $2,015 per month. Or in other words, $35 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,825 per month. Which comes out to $32 per sqft. The following table includes the top 10 zipcodes in Downtown - Penn Quarter - Chinatown, Washington, DC. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
20005, Washington, DC	$1,785	$2,598	$4,051	$2,673
20001, Washington, DC	$2,003	$2,453	$3,425	$3,100
20002, Washington, DC	$1,700	$1,800	$2,800	$2,800
20037, Washington, DC	$1,950	$2,775	$4,750	$2,800
20003, Washington, DC	$1,800	$2,200	$3,500	$2,399
20009, Washington, DC	$1,875	$2,369	$3,650	$2,873
20010, Washington, DC	$1,509	$1,950	$3,000	$2,900
20008, Washington, DC	$1,661	$2,158	$3,620	$2,420
22209, Arlington, VA	$1,698	$2,350	$3,608	$2,350
20007, Washington, DC	$1,950	$2,200	$3,853	$3,350

Frequently Asked Questions - Downtown - Penn Quarter - Chinatown Average Rents

What is the average rent price in Downtown - Penn Quarter - Chinatown, Washington, DC?

The average monthly rental price for Downtown - Penn Quarter - Chinatown, Washington, DC apartments for rent is approximately $3,000. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Downtown - Penn Quarter - Chinatown, Washington, DC rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Downtown - Penn Quarter - Chinatown, Washington, DC.

How much is a studio apartment in Downtown - Penn Quarter - Chinatown, Washington, DC?

The average monthly rental price for studio apartments is $2,109 and an average price per square feet of $48.00. There are a total of 9 studio apartment listings currently available for rent in Downtown - Penn Quarter - Chinatown.

How much is a one bedroom apartment in Downtown - Penn Quarter - Chinatown, Washington, DC?

The average monthly rental price for one bedroom apartments is $2,600 and an average price per square feet of $42.89. There are a total of 28 one bedroom apartment listings currently available for rent in Downtown - Penn Quarter - Chinatown.

How much is a two bedroom apartment in Downtown - Penn Quarter - Chinatown, Washington, DC?

The average monthly rental price for two bedroom apartments is $3,950 and an average price per square feet of $41.90. There are a total of 19 two bedroom apartment listings currently available for rent in Downtown - Penn Quarter - Chinatown.

How have rent prices in Downtown - Penn Quarter - Chinatown, Washington, DC changed this year?

Rent prices for rentals in Downtown - Penn Quarter - Chinatown, Washington, DC can fluctuate yearly. Specifically, studio rental prices have changed by -0.05%, one bedroom rental prices have changed by -0.05%, two bedroom rental prices have changed by -0.04%, three bedroom rental prices have changed by 0.15% year-over-year.

What is a reasonable rent price in Downtown - Penn Quarter - Chinatown, Washington, DC?

A reasonable rent price in Downtown - Penn Quarter - Chinatown, Washington, DC is around $2,400/month. You can search for these reasonably priced rental listings on RentHop.