The average monthly rent for an apartment in Penn Quarter, Washington, DC is around $3,035.
1 Bedroom Apartments for Rent in Penn Quarter, Washington, DC
Rental prices in Penn Quarter, Washington, DC have decreased by 3.02% over the past year. The average rent moved from $3,130 to $3,035.
Check out the average rent in Washington.
The national average price of rental apartments is $1,743, while the average monthly rent in Penn Quarter, Washington, DC is $3,035.
The average monthly rent for an apartment in Penn Quarter, Washington, DC is around $3,035.
A share of 10% of apartments in Penn Quarter, Washington, DC have the cheapest rents between $2,001-$2,500. Around 57% of Penn Quarter's apartments have monthly rents between $2,501-$3,000. There are 33% of apartments with rents between > $3,000.
The largest share of rentals in Penn Quarter, Washington, DC (57%) fall between $2,501-$3,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Renting a 1 bedroom apartment comes with more living and storage space compared to a studio apartment.
1 bedroom apartments are usually more expensive than studio apartments in terms of rent and utility costs.
In total, Penn Quarter, Washington, DC has 3,709 residents, 1,778 women and 1,931 men, per U.S. Census recent estimates. Statistics show that the median age of Penn Quarter’s population is 35.
There is a total of 2,336 households in Penn Quarter, Washington, DC. Of these, 133 have children and 2,204 are without children. Per Census Bureau’s most current estimates, 529 family households and 1,807 non-family households live in this area. The size of a household in Penn Quarter is 0.95 people, on average. The median household annual income in Penn Quarter equals $138,730, and the monthly housing costs equal $2,672.
According to data from the U.S. Census Bureau, 3% of the population in Penn Quarter, Washington, DC have no high school education, 8% went to high-school, and 8% have partially completed college. Moreover, 1% of the population hold an Associate Degree, 34% hold a Bachelor Degree, and 46% hold a Graduate Degree.