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 $2,131 for a studio rental to $5,000 for a 3-bedroom rental. The median price of all currently available listings is $2,950, or roughly $46 per square feet.

For the apartment units and housing in June 2026, median rents have fallen substantially over the last year. Studio rentals prices have decreased by $128 (-5.54%) year-over-year from $2,308 to $2,181. 1-bedroom rentals prices have decreased by $412 (-14.14%) year-over-year from $2,912 to $2,500. 2-bedroom rentals prices have decreased by $593 (-13.49%) year-over-year from $4,393 to $3,800. 3-bedroom rentals prices have increased by $530 (11.86%) year-over-year from $4,470 to $5,000. 4-bedroom rentals prices have increased by $0 (0.00%) year-over-year from $5,115 to $5,115. 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 1.77% this month. 1-bedroom rents have gone down by 3.60% this month. 2-bedroom rents have gone up by 1.67% this month. 3-bedroom rents have gone down by 35.69% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	Jun 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$51.96	$2,181	$2,308 (-5.54%)	$2,359 (-7.57%)
1 BR	$42.34	$2,500	$2,912 (-14.14%)	$2,785 (-10.24%)
2 BR	$42.76	$3,800	$4,393 (-13.49%)	$3,956 (-3.94%)
3 BR	$46.88	$5,000	$4,470 (11.86%)	$4,240 (17.92%)

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 20 cities nearby Downtown - Penn Quarter - Chinatown. The average rent in Downtown - Penn Quarter - Chinatown is currently $2,800 per month. A total of 13 cities nearby have an average rent lower than that. Our records show that Silver Spring, MD, with an average rent of $2,300, 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 $5,800 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 34.29% more expensive than other cities nearby. One bedrooms are about 25.71% more expensive. Two bedrooms in Downtown - Penn Quarter - Chinatown, Washington, DC are about 31.72% more expensive. Finally, rent for three bedrooms are about 35.00% more expensive. Want more information? Check out the top 10 cities out of 20 total cities near Downtown - Penn Quarter - Chinatown, Washington, DC in the following table.

City	Studio	1 Bed	2 Bed	All
Silver Spring, MD	$1,583	$1,895	$2,419	$2,300
Arlington, VA	$1,800	$2,345	$3,225	$2,726
Washington, DC	$1,850	$2,400	$3,200	$2,750
Alexandria, VA	$1,895	$2,200	$2,904	$2,818
North Bethesda, MD	$1,936	$2,100	$2,850	$3,150
Rockville, MD	N/A	$2,032	$2,692	$3,150
Tysons Corner, VA	$1,990	$2,100	$2,900	$3,200
Bethesda, MD	$2,226	$2,636	$3,740	$3,535
Potomac, MD	N/A	$1,775	$3,000	$5,000
McLean, VA	N/A	$1,995	$3,095	$5,800

Top Neighborhoods Near Downtown - Penn Quarter - Chinatown

There are a total of 21 neighborhoods in or near Downtown - Penn Quarter - Chinatown. Some of these neighborhoods include Congress Heights, Van Ness - Forest Hills, and Anacostia. We've included all of these top 21 neighborhoods in or near Downtown - Penn Quarter - Chinatown, Washington, DC in the following table.

The average rent for these 21 neighborhoods in or near Downtown - Penn Quarter - Chinatown, Washington, DC is currently around $2,800 per month. A total of 15 neighborhoods have a lower average rent. Meaning, only six neighborhoods have a higher average rent than $2,800. Interestingly, the neighborhoods' average rent is less than Downtown - Penn Quarter - Chinatown's average rent, which is actually $2,950. Out of all the neighborhoods in or near Downtown - Penn Quarter - Chinatown, Congress Heights has the most affordable average rent at $1,695 per month. Whereas, at $4,450 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	$1,525	$1,263	$1,600	$1,695
Van Ness - Forest Hills, Washington, DC	$1,518	$1,973	$2,884	$1,985
Anacostia, Washington, DC	$2,500	$1,425	$2,000	$2,288
Trinidad - Langston, Washington, DC	N/A	$1,550	$2,250	$2,323
16th Street Heights - Crestwood - Brightwood Park, Washington, DC	N/A	$1,875	$2,350	$2,397
Radnor - Fort Myer Heights, Arlington, VA	$1,695	$2,350	$3,495	$2,488
Southwest - Waterfront, Washington, DC	$1,650	$2,225	$5,021	$2,495
Dupont Circle, Washington, DC	$1,825	$2,600	$4,100	$2,500
Capitol Hill, Washington, DC	$1,725	$2,050	$3,000	$2,700
Mount Vernon Square, Washington, DC	$2,105	$2,638	$3,700	$2,788
Petworth, Washington, DC	$1,500	$2,048	$2,685	$2,800
Braddock Road Metro, Alexandria, VA	$2,180	$2,403	$3,152	$2,873
Foggy Bottom - GWU - West End, Washington, DC	$1,950	$3,037	$5,005	$2,875
Cathedral - Wesley Heights - McLean Gardens, Washington, DC	$1,745	$2,716	$4,339	$2,898
Columbia Heights, Washington, DC	$1,540	$1,950	$3,000	$2,950
Crystal City Shops, Arlington, VA	$2,235	$2,458	$3,250	$2,989
Logan Circle - Shaw, Washington, DC	$1,795	$2,550	$3,605	$3,000
Ballston - Virginia Square, Arlington, VA	$1,875	$2,670	$3,826	$3,075
U Street - Cardozo, Washington, DC	$1,925	$2,263	$3,553	$3,095
LeDroit Park - Bloomingdale, Washington, DC	N/A	$1,975	$2,950	$3,775
Georgetown, Washington, DC	$1,850	$3,425	$5,400	$4,450

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 $2,906. That's roughly around $25 per sqft. A total of 3 counties have a lower average rent. The county that is the most affordable is Prince George's, MD. Its average rent per month is $2,600. 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 19.27% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Downtown - Penn Quarter - Chinatown, Washington, DC is 22.86% more expensive than other counties nearby. Finally, rent for two bedrooms in Downtown - Penn Quarter - Chinatown, Washington, DC is 33.40% 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	$1,640	$1,725	$2,128	$2,600
Arlington, VA	$1,800	$2,345	$3,225	$2,726
Alexandria, VA	$1,895	$2,200	$2,904	$2,818
Montgomery, MD	$2,058	$2,100	$2,500	$2,995
Howard, MD	$1,295	$1,650	$2,350	$3,100
Fairfax, VA	$1,550	$1,950	$2,555	$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 $2,850. A total of 27 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 $1,673 per month. In comparison, the zipcode with the most expensive average rent of $6,000 per month is 22101, McLean, VA.

Studios in these zipcodes have an average rent of $1,695. 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 $2,000 per month. Or in other words, $34 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,800 per month. Which comes out to $31 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	$1,800	$2,625	$3,798	$2,650
20001, Washington, DC	$1,950	$2,400	$3,400	$3,070
20002, Washington, DC	$1,830	$1,973	$2,700	$2,667
20037, Washington, DC	$1,950	$2,900	$4,677	$2,925
20003, Washington, DC	$1,990	$2,200	$2,985	$2,520
20009, Washington, DC	$1,799	$2,300	$3,338	$2,850
20010, Washington, DC	$1,540	$1,950	$3,038	$3,313
20008, Washington, DC	$1,557	$2,000	$3,555	$2,359
22209, Arlington, VA	$1,695	$2,375	$3,486	$2,636
20007, Washington, DC	$2,100	$2,250	$3,498	$3,250

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 $2,950. 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 $2,131 and an average price per square feet of $51.96. There are a total of 10 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 $2,625 and an average price per square feet of $42.34. 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 $3,795 and an average price per square feet of $42.76. There are a total of 22 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 -0.06%, one bedroom rental prices have changed by -0.14%, two bedroom rental prices have changed by -0.13%, three bedroom rental prices have changed by 0.12% 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 $2,360/month. You can search for these reasonably priced rental listings on RentHop.