Cheap Apartments for Rent in the Downtown Annapolis Neighborhood of Annapolis, MD from $800 (16 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Annapolis area of Annapolis.

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Homes at the Glen
1 to 3 Bedroom Apartments

Homes at the Glen

73 Juliana Cir EAnnapolis, MD 21401
  • Utilities Included
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2 Maryland Ave
1 to 2 Bedroom Apartments

2 Maryland Ave

2 Maryland AveAnnapolis, MD 21401
  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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144 Duke Of Gloucester St
Studio to 1 Bedroom Apartments

144 Duke Of Gloucester St

144 Duke Of Gloucester StAnnapolis, MD 21401
  • Utilities Included
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1201 West Street
1 to 2 Bedroom Apartments

1201 West Street

1201 West StAnnapolis, MD 21401
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Downtown Annapolis, Annapolis, MD Local Guide

Cheapest Available Downtown Annapolis Apartments for Rent

 

The cheapest available apartment rental in the Downtown Annapolis area of Annapolis, MD is a 2 Beds unit found at Nautilus Point priced from $1,594. Admiral Farragut has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,640. Here are the most affordable Downtown Annapolis apartments for rent in Annapolis, MD:

Apartment ListingModel NameBed/BathPriced From
Nautilus PointRise | B22BR,1BA$1,594
Admiral Farragut1Bedroom 1Bathroom1BR,1BA$1,640
Spa Cove ApartmentsSevern1BR,1BA$1,672
Westwinds Apartments1 Bedroom 1 Bath Renovated1BR,1BA$1,835
Bayshore LandingKayak2BR,1BA$1,844

Best Value Apartments for Rent in Downtown Annapolis, MD

As of October 11, 2025 the best value apartment in the Downtown Annapolis area is the $2.19 price per square foot Patapsco Model at Spa Cove Apartments in the in the Monticello neighborhood starting from $2,796. The second greatest value Downtown Annapolis apartment is the Two Bedroom Model at Obery Court starting at $1,943 with a $1.61 price per square foot in the Monticello neighborhood. Here is today’s list of the best values for Downtown Annapolis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Spa Cove ApartmentsPatapsco3BR,2BA$2.19
Obery CourtTwo Bedroom2BR,1.5BA$1.61
North Severn Village - No Costs Utilities*3 Bed/1.5 Bath3BR,1.5BA$2.85
Bayshore LandingKayak II2BR,2BA$2.44
Annapolis Bay1 Bedroom, 1 Bathroom 692 SF 111BR,1BA$2.75
Westwinds Apartments1 Bedroom 1 Bath Renovated1BR,1BA$2.74
Admiral Farragut1Bedroom 1Bathroom1BR,1BA$2.81
50 Cornhill St, Unit 1 - First Floor50 Cornhill St1BR,1BA$2.92
Nautilus PointNautilus | E1 | RenoStudio ,1BA$3.21

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Pet Friendly Lifestyle
Downtown Annapolis, Annapolis, MD

Ranked #7

Among cities in Maryland for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals in cities across the United States including Downtown Annapolis, Annapolis, and the greater Annapolis area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, kid and pet-friendly communities, availability of transit options, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.

Getting Around the Downtown Annapolis Neighborhood in Annapolis, MD

Walk Score®

90 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

61 / 100

Bikeable

Some bike infrastructure

Transit Score®

43 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Downtown Annapolis Apartments

What is the price of a cheap apartment in Downtown Annapolis?

The cheapest apartment in Downtown Annapolis is Admiral Farragut which is listed at $1,640, while the average apartment in Downtown Annapolis costs $3,034.

What types of apartments are the cheapest in Downtown Annapolis?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 1 regular apartments in Downtown Annapolis that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Downtown Annapolis?

Cheap apartments in Downtown Annapolis have an average cost of $139 which is $2,895 cheaper than the average rent for all rentals in Downtown Annapolis.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.