
Cheap Apartments for Rent in the Downtown Annapolis Neighborhood of Annapolis, MD from $800 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Annapolis area of Annapolis.


Nautilus Point

Total Monthly Price
Bayshore Landing

50 Cornhill St, Unit 2 - Second Floor

Bell Annapolis on West

Westwinds Apartments
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Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

17 Elliott Rd, Unit 17B Elliott Rd. Annapolis, MD

13 Heritage Ct

Spa Cove Apartments

Annapolis Bay

Total Monthly Price
259 Hanover St, Unit Apt 1

12 Johnson Pl
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.

Homes at the Glen

2 Maryland Ave

Wiley H. Bates

Wardour Bluffs Apartments

Madison Apartments

144 Duke Of Gloucester St
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Admiral Farragut

1201 West Street

32 S Monroe Rd

145 King George St

1227 Gemini Dr

North Green Condominiums
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302 Hilltop Ln

1142 Cove Rd

147 King George St
Downtown Annapolis, Annapolis, MD Local Guide

How much does it cost to rent an apartment in Downtown Annapolis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Annapolis Studio Apartments | $1,792 | $1,757 | $1,838 |
| Downtown Annapolis 1 Bedroom Apartments | $1,998 | $1,277 | $2,875 |
| Downtown Annapolis 2 Bedroom Apartments | $2,398 | $1,400 | $4,391 |
| Downtown Annapolis 3 Bedroom Apartments | $2,872 | $1,700 | $3,502 |
| Downtown Annapolis 4 Bedroom Apartments | $2,995 | $2,995 | $2,995 |
Browse Apartments in this Neighborhood
There are currently 27 rentals with your search options within a 2 mile radius of the Downtown Annapolis Neighborhood of Annapolis, MD.
See all Apartments in AnnapolisExplore Annapolis
Downtown Annapolis, Annapolis, MD Local Guide
- Nearby Annapolis neighborhoods
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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 Obery Court priced from $1,277. Bayshore Landing has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,758. Here are the most affordable Downtown Annapolis apartments for rent in Annapolis, MD:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Obery Court | One Bedroom | 1BR,1BA | $1,277 |
| Bayshore Landing | Catamaran | 1BR,1BA | $1,758 |
| Nautilus Point | Nautilus | A1 | Reno | 1BR,1BA | $1,768 |
| Admiral Farragut | 1Bedroom 1Bathroom | 1BR,1BA | $1,800 |
| Bell Annapolis on West | A1A | 1BR,1BA | $1,905 |
| Annapolis Bay | 1 Bedroom, 1 Bathroom 692 SF 11 | 1BR,1BA | $1,948 |
| Spa Cove Apartments | Chesapeake | 2BR,1BA | $1,999 |
| Westwinds Apartments | 2 Bedroom 2 Bath | 2BR,2BA | $2,111 |
| North Severn Village - No Costs Utilities* | 3 Bed/1.5 Bath | 3BR,1BA | $2,850 |
Best Value Apartments for Rent in Downtown Annapolis, MD
As of July 15, 2026 the best value apartment in the Downtown Annapolis area is the $2.85 price per square foot 3 Bed/1.5 Bath Model at North Severn Village - No Costs Utilities* in the in the Pendennis Mount Sandy Point neighborhood starting from $2,850. The second greatest value Downtown Annapolis apartment is the South Model at Spa Cove Apartments starting at $2,099 with a $2.20 price per square foot in the Annapolis neighborhood. Here is today’s list of the best values for Downtown Annapolis apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| North Severn Village - No Costs Utilities* | 3 Bed/1.5 Bath | 3BR,1.5BA | $2.85 |
| Spa Cove Apartments | South | 1BR,1BA | $2.20 |
| 259 Hanover St, Unit Apt 1 | 259 Hanover St | 1BR,1BA | $2.44 |
| Obery Court | One Bedroom | 1BR,1BA | $1.64 |
| Bell Annapolis on West | A1A | 1BR,1BA | $2.60 |
| Annapolis Bay | 1 Bedroom, 1 Bathroom 692 SF 11 | 1BR,1BA | $2.82 |
| Westwinds Apartments | 1 Bedroom 1 Bath Renovated | 1BR,1BA | $3.29 |
| Nautilus Point | Rise | A2 | Reno | 1BR,1BA | $3.25 |
| Admiral Farragut | 1Bedroom 1Bathroom | 1BR,1BA | $2.96 |
| Bayshore Landing | Catamaran | 1BR,1BA | $3.76 |
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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Pet Friendly LifestyleDowntown Annapolis, Annapolis, MD
Ranked #7
Among cities in Maryland for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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.
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 Obery Court which is listed at $1,277, while the average apartment in Downtown Annapolis costs $2,995.
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 3 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 $123 which is $2,872 cheaper than the average rent for all rentals in Downtown Annapolis.
Expert Rental Resources
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.
Articles, How-To's, and Tips

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.