Cheap Homes for Rent in Downtown Annapolis Neighborhood of Annapolis, MD from $1,600 (5 Rentals)

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

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 Nautilus Point priced from $1,538. Admiral Farragut has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,600. Here are the most affordable Downtown Annapolis apartments for rent in Annapolis, MD:

Apartment ListingModel NameBed/BathPriced From
Nautilus PointNautilus | A3 | Reno1BR,1BA$1,538
Admiral FarragutJunior 1 Bedroom 1Bathroom1BR,1BA$1,600
Spa Cove ApartmentsSevern1BR,1BA$1,601

Best Value Apartments for Rent in Downtown Annapolis, MD

As of November 01, 2025 the best value apartment in the Downtown Annapolis area is the $1.61 price per square foot Two Bedroom Model at Obery Court in the in the Monticello neighborhood starting from $1,943. The second greatest value Downtown Annapolis apartment is the West Model at Spa Cove Apartments starting at $2,079 with a $2.14 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Obery CourtTwo Bedroom2BR,1.5BA$1.61
Spa Cove ApartmentsWest2BR,2BA$2.14
Westwinds Apartments2 Bedroom 2 Bath2BR,2BA$2.39
Bayshore LandingKayak II2BR,2BA$2.36
15 Annapolis St, Unit 15 A Annapolis Street15 Annapolis St2BR,1BA$3.00
Bell Annapolis on WestA1A1BR,1BA$2.55
Annapolis Bay1 Bedroom, 1 Bathroom 692 SF 111BR,1BA$2.80
Nautilus PointRise | A2 | Reno1BR,1BA$2.66
50 Cornhill St, Unit 1 - First Floor50 Cornhill St1BR,1BA$2.92
Admiral FarragutJunior 1 Bedroom 1Bathroom1BR,1BA$3.44

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Pet Friendly Lifestyle
Downtown Annapolis, Annapolis, MD

Ranked #7

Among cities in Maryland for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Downtown Annapolis

What type of rentals are currently available in Downtown Annapolis?

There are currently 68 Apartments for Rent in Downtown Annapolis, MD with pricing that ranges from $1,308 to $3,298. There are also 24 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Annapolis ranging from $1,600 to $6,700.

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 $1,600 to $6,700 with an average monthly rent of $2,968.

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 $2,068 to $3,298, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,400 to $5,500. Four Bedroom Single-Family rentals are also available starting from $3,195 and Four Bedroom Apartments start at $2,995.

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 Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.