
Cheap Apartments for Rent in the Downtown Annapolis Neighborhood of Annapolis, MD from $800 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Annapolis area of Annapolis.


Nautilus Point

Homes at the Glen

2 Maryland Ave

Wiley H. Bates

Wardour Bluffs Apartments
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.

Madison Apartments

144 Duke Of Gloucester St

111 Academy St

1201 West Street

Admiral Farragut

1225 Gemini Dr
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

How much does it cost to rent an apartment in Downtown Annapolis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Annapolis Studio Apartments | $1,756 | $1,738 | $1,783 |
| Downtown Annapolis 1 Bedroom Apartments | $1,950 | $1,277 | $2,395 |
| Downtown Annapolis 2 Bedroom Apartments | $2,239 | $1,400 | $4,700 |
| Downtown Annapolis 3 Bedroom Apartments | $2,592 | $1,700 | $3,332 |
| Downtown Annapolis 4 Bedroom Apartments | $2,995 | $2,995 | $2,995 |
Browse Apartments in this Neighborhood
There are currently 12 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
- Nearby Cities
- ZIP codes
- Local Counties
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. Admiral Farragut has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,627. 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 |
| Admiral Farragut | 1Bedroom 1Bathroom | 1BR,1BA | $1,627 |
| Nautilus Point | Nautilus | B1 | 2BR,1BA | $1,671 |
| Spa Cove Apartments | Chesapeake | 2BR,1BA | $1,799 |
| Bell Annapolis on West | A1A | 1BR,1BA | $1,875 |
Best Value Apartments for Rent in Downtown Annapolis, MD
As of March 02, 2026 the best value apartment in the Downtown Annapolis area is the $2.01 price per square foot Magothy Model at Spa Cove Apartments in the in the Monticello neighborhood starting from $2,050. The second greatest value Downtown Annapolis apartment is the One Bedroom Model at Obery Court starting at $1,277 with a $1.64 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Spa Cove Apartments | Magothy | 2BR,2BA | $2.01 |
| Obery Court | One Bedroom | 1BR,1BA | $1.64 |
| Bell Annapolis on West | A1A | 1BR,1BA | $2.55 |
| Annapolis Bay | 1 Bedroom, 1 Bathroom 692 SF 11 | 1BR,1BA | $2.84 |
| Westwinds Apartments | 1 Bedroom 1 Bath Renovated | 1BR,1BA | $3.01 |
| Bayshore Landing | Chesapeake | 1BR,1BA | $2.95 |
| Nautilus Point | Rise | A2 | Reno | 1BR,1BA | $3.17 |
| Admiral Farragut | 1Bedroom 1Bathroom | 1BR,1BA | $2.67 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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
3.5Pet 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
How much is rent for a Cheap One Bedroom Downtown Annapolis Apartment?
The lowest price for a Cheap One Bedroom Downtown Annapolis Apartment is $1,277 at Obery Court.
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 $1,400 at Obery Court.
What is the most affordable Downtown Annapolis Three Bedroom Apartment?
The best deal on a cheap Downtown Annapolis Three Bedroom Apartment rental is at Obery Court and starts from $1,700.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.