
Cheap Apartments for Rent in the Downtown Annapolis Neighborhood of Annapolis, MD from $800 (25 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

Spa Cove Apartments

Westwinds Apartments

Total Monthly Price
259 Hanover St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
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

Annapolis Bay

Bell Annapolis on West

180 Main St

1225 Gemini Dr

Homes at the Glen
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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.

2 Maryland Ave

Wiley H. Bates

Wardour Bluffs Apartments

Madison Apartments

144 Duke Of Gloucester St

1201 West Street
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Admiral Farragut

7 Heritage Ct

22 S Monroe Rd

12 Heritage Ct

302 Hilltop Ln

920 Boucher Ave
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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.

714 Rosedale 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 | $1,897 | $1,619 | $2,100 |
| Downtown Annapolis 1 Bedroom Apartments | $2,016 | $1,277 | $3,035 |
| Downtown Annapolis 2 Bedroom Apartments | $2,258 | $1,400 | $3,075 |
| Downtown Annapolis 3 Bedroom Apartments | $2,630 | $1,700 | $3,160 |
| Downtown Annapolis 4 Bedroom Apartments | $2,995 | $2,995 | $2,995 |
Browse Apartments in this Neighborhood
There are currently 25 rentals with your search options within a 2 mile radius of the Downtown Annapolis Neighborhood of Annapolis, MD.
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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. Nautilus Point has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,502. 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 |
| Nautilus Point | Nautilus | B1 | 2BR,1BA | $1,502 |
| Admiral Farragut | 1Bedroom 1Bathroom | 1BR,1BA | $1,627 |
| Bayshore Landing | Catamaran | 1BR,1BA | $1,628 |
| Spa Cove Apartments | Chesapeake | 2BR,1BA | $1,834 |
Best Value Apartments for Rent in Downtown Annapolis, MD
As of April 16, 2026 the best value apartment in the Downtown Annapolis area is the $1.80 price per square foot Chesapeake Model at Spa Cove Apartments in the in the Monticello neighborhood starting from $1,834. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Spa Cove Apartments | Chesapeake | 2BR,1BA | $1.80 |
| North Severn Village - No Costs Utilities* | 3 Bed/1.5 Bath | 3BR,1.5BA | $2.85 |
| 259 Hanover St | 259 Hanover St | 1BR,1BA | $2.63 |
| Obery Court | One Bedroom | 1BR,1BA | $1.64 |
| Bell Annapolis on West | A1A | 1BR,1BA | $2.89 |
| Annapolis Bay | 1 Bedroom, 1 Bathroom 692 SF 11 | 1BR,1BA | $2.84 |
| Westwinds Apartments | 1 Bedroom 1 Bath Renovated | 1BR,1BA | $3.13 |
| Nautilus Point | Rise | A2 | Reno | 1BR,1BA | $2.81 |
| Admiral Farragut | 1Bedroom 1Bathroom | 1BR,1BA | $2.67 |
| Bayshore Landing | Catamaran | 1BR,1BA | $3.48 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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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 $101 which is $2,894 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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.