Cheap Homes for Rent in Annapolis, MD from $1,500 (10 Rentals)

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

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.

property at 605 Admiral Dr

$2,250

Total Monthly Price

Total Monthly Price

Base Rent
$2,250

Total Monthly Price
$2,250

2 Bedroom, 2 Bath Condo for Rent

Available Jul 1

605 Admiral Dr, Unit 205, Unit 205

605 Admiral Dr
AnnapolisMD21401

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.

Annapolis, MD Local Guide

Cheapest Neighborhoods for Apartments in Annapolis, MD

Pricing Updated: 05/23/2026

Current apartment rentals in the Annapolis, MD area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Annapolis Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Eastport$2,386$1,27718
Downtown Annapolis$2,995$1,27737

Cheapest Available Annapolis Apartments for Rent

 

The cheapest available apartment rental in Annapolis, MD is a 1 Bed unit found at Obery Court in the Monticello neighborhood priced from $1,277. Quiet Waters Landing in the Highland Beach neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,452. Here is today’s list of the most affordable Annapolis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Obery CourtOne Bedroom1BR,1BA$1,277
Quiet Waters LandingA1-1BD/1BA1BR,1BA$1,452
Nautilus PointNautilus | A31BR,1BA$1,844

Best Value Apartments for Rent in Annapolis, MD

As of May 23, 2026 the best value apartment in the Annapolis area is the $1.71 price per square foot 2 Bed 2 Bath Model at Riva Trace Community of Annapolis in the in the Monticello neighborhood starting from $2,200. The second greatest value Annapolis apartment is the Weems Model at Spa Cove Apartments starting at $2,597 with a $2.04 price per square foot in the Monticello neighborhood. Here is today’s list of the best values for Annapolis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Riva Trace Community of Annapolis2 Bed 2 Bath2BR,2BA$1.71
Spa Cove ApartmentsWeems3BR,2BA$2.04
West Woods ApartmentsThe Chester2BR,2BA$2.05
1685 Baltimore Annapolis Blvd, Unit Basement1685 Baltimore Annapolis Blvd1BR,1BA$2.15
Obery CourtOne Bedroom1BR,1BA$1.64
Harbour Gates Apartments1 Bedroom + 1 Bath1BR,1BA$2.48
Stone Point ApartmentsPortsmouth1BR,1BA$2.80
Annapolis Bay1 Bedroom, 1 Bathroom 692 SF 111BR,1BA$2.89
Westwinds Apartments1 Bedroom 1 Bath Renovated1BR,1BA$3.07
Quiet Waters LandingA1-1BD/1BA1BR,1BA$2.28

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.

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Beyond the Classroom: Discovering Baltimore's Best Student Friendly Neighborhoods

Baltimore Student Housing - Find your perfect rental! Explore top neighborhoods near Baltimore colleges & universities for vibrant student living.

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Real 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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Annapolis

What type of rentals are currently available in Annapolis?

There are currently 101 Apartments for Rent in Annapolis, MD with pricing that ranges from $1,252 to $4,077. There are also 62 Single Family Homes for rent, Condos, and Townhome rentals currently available in Annapolis ranging from $1,595 to $25,000.

What is the current price range for Rental Homes in Annapolis?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Annapolis ranges from $1,595 to $25,000 with an average monthly rent of $5,384.

How much are larger Three and Four Bedroom Rentals in Annapolis?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Annapolis range from $1,700 to $3,235, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,500 to $7,800. Four Bedroom Single-Family rentals are also available starting from $3,050 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.

Helpful Local Expert Guides

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A Baltimore Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

Written by: Sarah Bregel

There are few cities more eclectic and diverse than Baltimore, Maryland. I should know. I've lived in various parts of Baltimore for most of my life.

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Beyond the Classroom: Discovering Baltimores Best Student Friendly Neighborhoods

Written by: Sarah Bregel

Baltimore, Maryland is an incredibly vibrant town known for some amazing colleges. I had the pleasure of growing up sandwiched between a few of them.

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Charm City Commute: The Best Baltimore Neighborhoods for Renting Near Top Employers

Written by: Sarah Bregel

Baltimore, Maryland may have a reputation for being crime-ridden and dirty (you really hurt us, The Wire). But honestly, as a longtime resident, I have to let you in on something: that couldn't be further from the truth.

Articles, How-To's, and Tips

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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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.

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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.