
Cheap Homes for Rent in Downtown Annapolis Neighborhood of Annapolis, MD from $1,500 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Annapolis area of Annapolis.


407 Adams St

8 Johnson Pl
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.

1227 Gemini Dr, Unit 1227 Gemini E

1117 Primrose Ct, Unit 301

302 Hilltop Ln
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.
Downtown Annapolis, Annapolis, MD Local Guide

How much does it cost to rent a home in Downtown Annapolis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Annapolis 2 Bedroom Homes for Rent | $2,631 | $2,295 | $3,150 |
| Downtown Annapolis 3 Bedroom Homes for Rent | $3,691 | $2,750 | $4,500 |
| Downtown Annapolis 4 Bedroom Homes for Rent | $3,725 | $3,000 | $4,450 |
Browse Homes for Rent in this Neighborhood
There are currently 6 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
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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 1 Bed apartment currently listed from $1,732. 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 | A3 | 1BR,1BA | $1,732 |
| Annapolis Bay | 1 Bedroom, 1 Bathroom 692 SF 11 | 1BR,1BA | $2,018 |
Best Value Apartments for Rent in Downtown Annapolis, MD
As of June 11, 2026 the best value apartment in the Downtown Annapolis area is the $2.04 price per square foot Chesapeake Model at Spa Cove Apartments in the in the Monticello neighborhood starting from $2,077. 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 | $2.04 |
| North Severn Village - No Costs Utilities* | 3 Bed/1.5 Bath | 3BR,1.5BA | $2.85 |
| Bell Annapolis on West | A1F | 1BR,1BA | $2.50 |
| Bayshore Landing | Kayak | 2BR,1BA | $2.46 |
| Obery Court | One Bedroom | 1BR,1BA | $1.64 |
| Annapolis Bay | 1 Bedroom, 1 Bathroom 692 SF 11 | 1BR,1BA | $2.92 |
| Westwinds Apartments | 1 Bedroom 1 Bath Renovated | 1BR,1BA | $3.40 |
| Nautilus Point | Rise | A2 | Reno | 1BR,1BA | $3.12 |
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
3.0Pet Friendly
Frequently Asked Questions about Downtown Annapolis
What type of rentals are currently available in Downtown Annapolis?
There are currently 60 Apartments for Rent in Downtown Annapolis, MD with pricing that ranges from $1,277 to $3,510. There are also 18 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Annapolis ranging from $1,500 to $4,500.
What is the current price range for Rental Homes in Downtown Annapolis?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Annapolis ranges from $1,500 to $4,500 with an average monthly rent of $2,898.
How much are larger Three and Four Bedroom Rentals in Downtown Annapolis?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Annapolis range from $1,700 to $3,070, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,750 to $4,500. Four Bedroom Single-Family rentals are also available starting from $3,000 and Four Bedroom Apartments start at $2,995.
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

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.