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nsomniac, that is a great location! My roommate actually works on that same block, too. Here is my advice on that area:
-The "main strip" is Clarendon Blvd, and this is where the really pricey apartment buildings are. I have found that you can save a lot of money, however, by living just 2-4 blocks away from this main street, on either side of Clarendon Blvd. I live 4 blocks away from the Court House metro station and pay $1700 for a 2 bedroom apartment...but you can find some cheaper than that.
-Look on craigslist for apartments. You can oftentimes find better deals there, especially with private landlords renting out a duplex/townhouse/small apartment bldg.
-One of the other ways to do this is to just simply go check out a few places on a Saturday by foot.
It is definitely worth it to live close to your work. You will love the Clarendon area -- it is safe, lively, and is just a few metro stops away from downtown DC!
Does this help? If you'd like more specifics like which apt complexes are good I'd be happy to share some insight on that too.
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