$2,019 – $6,490/mo

Studio–4 bedrooms
1–4 baths
423–1,473 sq ft
16 units available
Pet friendly

300 Neal Place Ne, Washington, DC 20001

As of October 14, 2026, Theory in Washington, DC has 16 apartments for rent from $2,019 to $6,490/mo. Studios start at $2,080, one-bedrooms at $2,019, two-bedrooms at $3,196, and 4-bedrooms at $6,159. The average asking rent has risen 13.5% since March 25, 2026, from $2,862 to $3,248.

Floor plans

Theory has 16 units available across 8 floor plans: a studio layout (423 sq ft), 4 one-bedroom layouts (492–544 sq ft), 2 two-bedroom layouts (779–944 sq ft), and a 4-bedroom layout (1,473 sq ft). Prices checked October 14, 2026.

S1

Studio • 1 Bath • 423 Sq Ft

Starting at $2,080/mo

1 available unit	Price	Sq ft	Available	Open unit
0804	$2,080	423	Oct 7

A1

1 Bedroom • 1 Bath • 492 Sq Ft

Starting at $2,019/mo

3 available units	Price	Sq ft	Available
1112	$2,089	492	Sep 9
0912	$2,069	492	Nov 7
0612	$2,019	492	Dec 7

A3

1 Bedroom • 1 Bath • 540 Sq Ft

Starting at $2,059/mo

3 available units	Price	Sq ft	Available
0701	$2,059	540	Sep 9
1001	$2,089	540	Nov 9
1101	$2,099	540	Dec 6

A2

1 Bedroom • 1 Bath • 517 Sq Ft

Starting at $2,134/mo

2 available units	Price	Sq ft	Available	Open unit
1011	$2,134	517	Jun 20
1211	$2,154	517	Nov 6

A5

1 Bedroom • 1 Bath • 544 Sq Ft

Starting at $2,173/mo

1 available unit	Price	Sq ft	Available	Open unit
1008	$2,173	544	Sep 28

B1

2 Bedrooms • 2 Baths • 779 Sq Ft

Starting at $3,196/mo

2 available units	Price	Sq ft	Available	Open unit
0703	$3,196	779	Jun 3
1303	$3,376	779	Jul 3

B4

2 Bedrooms • 2 Baths • 944 Sq Ft

Starting at $3,626/mo

1 available unit	Price	Sq ft	Available	Open unit
0802	$3,626	944	Oct 15

D1

4 Bedrooms • 4 Baths • 1,473 Sq Ft

Starting at $6,159/mo

3 available units	Price	Sq ft	Available
0313	$6,490	1,473	Aug 19
0910	$6,174	1,473	Sep 18
1013	$6,159	1,473	Oct 7

See all 45 units listed at Theory, including ones no longer available.

Cost to rent here

At Theory, a studio starts at about $2,835 a month all-in: $2,080 rent, $464 in listed fees, and an estimated $291 for electric, gas, water, internet, and renters insurance. A one-bedroom starts at about $2,791, a two-bedroom at about $4,051, and a 4-bedroom at about $7,125.

All-in from$2,835/mo

Estimates are local averages, not quotes from the property.

Can you afford it?

Most landlords ask for a monthly income of about 3× the rent, so qualifying at Theory takes about $74,880 a year for a studio, $72,684 for a one-bedroom, $115,056 for a two-bedroom, and $221,724 for a 4-bedroom. Keeping the $2,835 all-in month for a studio within 35% of take-home pay takes an income of about $140,900 a year.

Total monthly housing cost

$2,835/mo

Income to afford it comfortably

$140,900/yr

Income to qualify

$74,880/yr

Your estimated budget

Suggested rent budget, Studio

$ —/mo

See what you can afford here

Add your income and debts for a rent budget at this building.

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Rent history

Over the past year, the average asking rent at Theory has ranged from $2,480 to $4,053. The current average is $3,248, up $386 (13.5%) from $2,862 at the start.

Prices reflect the average advertised rent across units listed as available each day (163 days observed).

Fees & lease terms

The listing for Theory shows $463.58 a month in fees (common area/clubhouse rental $200, parking $100, storage space rental $100, and 2 more) and $1,550 due at signing (community amenity fee $500, pet fee $500, security deposit $500, and 1 more).

Rent
$2,019 – $6,490/mo
Earliest move-in
Jun 3

Monthly fees

Common Area/Clubhouse Rental	$200/mo
Parking	$100/mo
Pet Rent	$50/mo
Renters Liability/Content - Property Program	$13.58/mo
Storage Space Rental	$100/mo

Due at signing

Application Fee	$50
Community Amenity Fee	$500
Pet Fee	$500
Security Deposit (Refundable)	$500

Amenities

Theory is pet friendly and has in-unit washers and dryers. It lists 15 amenities, including fitness center, swimming pool, and indoor rooftop lounge.

Air Conditioning
All-Season Rooftop Lounge With Grilling Station & Pool
Commuter-Friendly Bike Storage
Co-Working Lounge With 3 Private Offices
Dishwasher
Easy - Access Pet Spa
Fitness Center
Game Room
Indoor Rooftop Lounge
Oversized Package Room

Patio/Balcony
Pet Friendly
Smoke Free
Swimming Pool
Washer/Dryer

Amenity photos

Lobby

Location

300 Neal Place Ne, Washington, DC 20001

Resident reviews

Theory has a 4.7 out of 5 rating from resident reviews. Residents rate location (5.0) and building quality (5.0) highest and amenities and shared spaces (4.1) lowest.

4.7

Overall rating

Positive

Mixed

Neutral

Negative

Management4.3

Amenities and Shared Spaces4.1

Location5.0

Building Quality5.0

Overall8 reviews

Residents consistently praise the property's modern design, well-maintained amenities, responsive staff, and convenient neighborhood location. The building fosters a welcoming community atmosphere with attentive service across concierge, management, and maintenance teams. Most residents report a positive overall experience, though a few note the property's professional orientation and suggest expanded amenity access hours and family-focused spaces.

Management and staff receive consistently positive feedback for responsiveness, professionalism, and friendliness across concierge, leasing, and maintenance teams. Residents report positive interactions and appreciate the attentive service, though one resident noted that staff communication style occasionally felt formal. Overall, the property demonstrates strong operational responsiveness and resident-focused service.

Residents consistently praise the property's well-maintained amenities, clean shared spaces, and responsive staff across concierge, management, and maintenance teams. Amenity access hours are more restricted than some comparable properties, and the community lacks dedicated play areas for young children. Overall, amenities and shared spaces are described as high-quality and professionally managed.

The property benefits from an excellent neighborhood location with convenient access to nearby retail (Trader Joe's, Union Market), dining, and public transit approximately 10 minutes away. Residents appreciate the walkable, lively area with new shops and bars opening regularly. The surrounding community is noted as safe and vibrant, making it a strong draw for those prioritizing location convenience.

Residents consistently praise the building's physical condition, noting it is well-maintained, spotless, and features quiet construction with high-quality finishes and modern appliances. The building maintains a no-smoking policy enforced throughout units. Amenities are described as clean and well-designed, with responsive maintenance staff addressing needs quickly and efficiently.

Summaries are written by AI from reviews residents posted on public review sites such as Google and ApartmentRatings. Each topic shows how many of those reviews discuss it.

Getting around

Theory is very walkable and very bikeable, and transit is limited.

Walking: Very walkable; Grade B
Transit: Limited; Grade D+
Biking: Very bikeable; Grade A

Climate and air quality

Air quality near Theory was good on 166 of the past 365 days, and at its worst in July (average AQI 72, moderate). Daily highs averaged 89°F in July, the warmest month, and lows averaged 25°F in January, the coldest.

Air quality

166 good-air days

of the past 365

Oct 14: Moderate, AQI 52

Oct 2025Oct 2026

Temperature

89° / 25°

average July high / January low

Oct 14: 86° high, 66° low

Oct 2025Oct 2026

Pollen

Moderate

Oct 14–18 forecast

Tree: none, grass: none, weed: moderate

Month	Average high	Average low	Average AQI	Good-air days
January	39°F	25°F	51 (moderate)	16 of 31
February	42°F	26°F	65 (moderate)	8 of 28
March	62°F	40°F	49 (good)	18 of 31
April	72°F	51°F	50 (good)	15 of 30
May	75°F	56°F	51 (moderate)	15 of 31
June	86°F	67°F	54 (moderate)	9 of 30
July	89°F	71°F	72 (moderate)	5 of 31
August	86°F	70°F	58 (moderate)	6 of 31
September	79°F	65°F	49 (good)	16 of 30
October	69°F	51°F	45 (good)	19 of 31
November	56°F	40°F	43 (good)	21 of 30
December	43°F	29°F	48 (good)	18 of 31

Daily readings from Oct 15, 2025 to Oct 14, 2026. The pollen chart shows typical US seasons.

About this property

Theory is a 159-unit building in Washington, DC.

Step into THEORY, a new residential frontier that redefines what it means to live with purpose. Set in the center of vibrant Union Market, this contemporary community is designed for those with big ambitions, authentic connections and on-the-go mindsets. Enjoy all the mod-cons and value of the shared experience with your chosen tribe. In our spacious four-bedroom residences, each bedroom is connected to its own en-suite bathroom, creating the ideal balance of private space to common rooms.

Building
Apartment · High-Rise
Total units
159

Nearby schools

The closest school to Theory is Are Celebration In Learning Inc, a private preschool 0.6 miles away.

School	Type	Level	Distance
Are Celebration In Learning Inc Private · Preschool	Private	Preschool	0.6 mi
Friendship Public Charter School - Armstrong Middle Charter · Middle	Charter	Middle	0.7 mi
Friendship PCS Armstrong Charter · Elementary	Charter	Elementary	0.7 mi
Bright Beginnings Inc. Private · Preschool	Private	Preschool	0.8 mi
Lula Mae Jackson Private · Preschool	Private	Preschool	0.8 mi
Red Robin Cdc @ Mount Bethel Church Private · Preschool	Private	Preschool	0.8 mi
Northwest Infant Settlement House Private · Preschool	Private	Preschool	0.8 mi
Gonzaga College High School Private · High	Private	High	0.8 mi
Armstrong Prep School Early Learning Private · Preschool	Private	Preschool	0.9 mi
Scott Montgomery Day Care Center Private · Preschool	Private	Preschool	0.9 mi