Cheap Apartments for Rent in the Downtown Annapolis Neighborhood of Annapolis, MD from $800 (14 Rentals)

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

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Madison Apartments
1 to 2 Bedroom Apartments

Madison Apartments

1000 Madison StAnnapolis, MD 21403
  • Utilities Included
property at 41 Dean St

41 Dean St

AnnapolisMD21401

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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
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1201 West Street
1 to 2 Bedroom Apartments

1201 West Street

1201 West StAnnapolis, MD 21401
  • Utilities Included
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Admiral Farragut
1 to 2 Bedroom Apartments

Admiral Farragut

230-A Hilltop LnAnnapolis, MD 21403

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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 1 Bed unit found at Admiral Farragut priced from $1,696. Nautilus Point has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,757. Here are the most affordable Downtown Annapolis apartments for rent in Annapolis, MD:

Apartment ListingModel NameBed/BathPriced From
Admiral Farragut1Bedroom 1Bathroom1BR,1BA$1,696
Nautilus PointRise | A2 | Reno1BR,1BA$1,757
Quiet Waters LandingB1-2BD/1BA2BR,1BA$1,854
Harbour Gates Apartments1 Bedroom + 1 Bath1BR,1BA$1,883
Avalon AnnapolisS1 - Finish Package 1Studio,1BA$1,970

Best Value Apartments for Rent in Downtown Annapolis, MD

As of May 31, 2025 the best value apartment in the Downtown Annapolis area is the $1.97 price per square foot 2BR 2BA Model at Annapolis Roads in the in the Highland Beach neighborhood starting from $2,076. The second greatest value Downtown Annapolis apartment is the 3 Bed/1.5 Bath Model at North Severn Village - No Costs Utilities* starting at $2,850 with a $2.85 price per square foot in the Pendennis Mount Sandy Point 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.
Annapolis Roads2BR 2BA2BR,2BA$1.97
North Severn Village - No Costs Utilities*3 Bed/1.5 Bath3BR,1.5BA$2.85
Annapolis Bay1 Bedroom, 1 Bathroom, Garage 813 SF 11BG1BR,1BA$2.80
Quiet Waters LandingB1-2BD/1BA2BR,1BA$2.35
Harbour Gates Apartments1 Bedroom + 1 Bath1BR,1BA$2.43
MarisA21BR,1BA$3.07
Nautilus PointNautilus | A31BR,1BA$2.88
Westwinds Apartments1 Bedroom 1 Bath Renovated1BR,1BA$3.05
Avalon AnnapolisA13 - Design Collection II1BR,1BA$4.03
Admiral Farragut1Bedroom 1Bathroom1BR,1BA$2.78

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Downtown Annapolis, Annapolis, MD

Ranked #6

Among neighborhoods in Annapolis, MD for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
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

How much is rent for a Cheap One Bedroom Downtown Annapolis Apartment?

The lowest price for a Cheap One Bedroom Downtown Annapolis Apartment is $1,696 at Admiral Farragut.

What is the lowest price for a Cheap Two Bedroom Downtown Annapolis Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Annapolis is starting from $1,854 at Quiet Waters Landing.

What is the most affordable Downtown Annapolis Three Bedroom Apartment?

The best deal on a cheap Downtown Annapolis Three Bedroom Apartment rental is at Nautilus Point and starts from $2,250.

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.