Cheap Apartments for Rent in the Downtown Baltimore Neighborhood of Baltimore, MD from $400 (247 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Baltimore area of Baltimore.

property at 219 Penn St

$720 - $820

Total Monthly Price

Total Monthly Price

Base Rent
$720 - $820
Total Monthly Price
$720 - $820

1 Bedroom, 1 Bath Townhome for Rent

Available Now

219 Penn St

BaltimoreMD21230
property at 646 W Conway St

$750 - $765

Total Monthly Price

Total Monthly Price

Base Rent
$750 - $765
Total Monthly Price
$750 - $765

1 Bedroom, 1 Bath Townhome for Rent

Available Now

646 W Conway St

BaltimoreMD21230

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.

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property at 1729 N Caroline St

$750 - $825

Total Monthly Price

Total Monthly Price

Base Rent
$750 - $825
Total Monthly Price
$750 - $825

1 Bedroom, 1 Bath Townhome for Rent

Available Now

1729 N Caroline St

BaltimoreMD21213
property at 1232 W Lafayette Ave

$780 - $1,098

Total Monthly Price

Total Monthly Price

Base Rent
$780 - $1,098
Total Monthly Price
$780 - $1,098

1 Bedroom, 1 Bath Home for Rent

Available Now

1232 W Lafayette Ave

BaltimoreMD21217

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.

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Cash 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.

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1719 Saint Paul St, Unit B
$1,000
Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000
1 Bedroom Apartment Available Jul 11

1719 Saint Paul St, Unit B

1719 Saint Paul StBaltimore, MD 21202
Cost Per Sq.Ft.

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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Downtown Baltimore, Baltimore, MD Local Guide

Cheapest Available Downtown Baltimore Apartments for Rent

 

The cheapest available apartment rental in the Downtown Baltimore area of Baltimore, MD is a 3 Beds unit found at Mulberry at Park priced from $739. 1224 St Paul St has the second lowest priced unit, which is a Studio apartment currently listed from $825. Here are the most affordable Downtown Baltimore apartments for rent in Baltimore, MD:

Apartment ListingModel NameBed/BathPriced From
Mulberry at ParkThree Bedroom3BR,2BA$739
1224 St Paul St0 Beds, 1 BathsStudio,1BA$825
221-223 E Preston St0 Beds, 1 BathsStudio,1BA$850
Avon1 Beds, 1 Baths1BR,1BA$875
849 Park Ave1 Beds, 1 Baths1BR,1BA$899
Saint Paul RegencyStudio apartmentStudio,1BA$925
Printers Square Apartments1 Bedroom1BR,1BA$933
Queen Esther Apartments2 bedroom townhome2BR,1BA$950
Live 501SLS / 296Studio,1BA$970

Best Value Apartments for Rent in Downtown Baltimore, MD

As of July 08, 2026 the best value apartment in the Downtown Baltimore area is the $1.26 price per square foot 30 E Preston St Model at 30 E Preston St, Unit A in the in the Inner Harbor neighborhood starting from $3,790. The second greatest value Downtown Baltimore apartment is the 33 W North Ave Model at 33 W North Ave, Unit 3B starting at $2,400 with a $1.17 price per square foot in the Inner Harbor neighborhood. Here is today’s list of the best values for Downtown Baltimore apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
30 E Preston St, Unit A30 E Preston St5BR,5BA$1.26
33 W North Ave, Unit 3B33 W North Ave3BR,2BA$1.17
The Brown's LoftUnit 4012BR,1.5BA$1.04
1017 Hollins St1017 Hollins St1BR,1BA$1.04
Union Rowe2 Bedroom2BR,1BA$1.10
226 W Monument St2 Beds, 1 Baths2BR,1BA$1.26
Barclay Greenmount2 Bedroom2BR,1BA$1.23
Queen Esther Apartments2 bedroom townhome2BR,1BA$1.05
Mulberry at ParkOne Bedroom1BR,1BA$1.19
Printers Square Apartments1 Bedroom1BR,1BA$1.13

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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Pet Friendly Lifestyle
Downtown Baltimore, Baltimore, MD

Ranked #48

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Downtown Baltimore, Baltimore, MD

School data provided by Great Schools

Lifestyle Ratings

This website compares millions of points of data to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities, and rental properties across Maryland, including Baltimore. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for outdoor amenities like tennis courts, luxury housing options, kid and pet-friendly communities, availability of transit options, and more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Downtown Baltimore Apartments

What is a cheap apartment in Downtown Baltimore?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Baltimore is under $970.

What is the price of a cheap apartment in Downtown Baltimore?

The cheapest apartment in Downtown Baltimore is Avon which is listed at $875, while the average apartment in Downtown Baltimore costs $3,820.

What types of apartments are the cheapest in Downtown Baltimore?

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 389 regular apartments in Downtown Baltimore 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 Baltimore?

Cheap apartments in Downtown Baltimore have an average cost of $925 which is $2,895 cheaper than the average rent for all rentals in Downtown Baltimore.

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

decorative image for A Baltimore Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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.

decorative image for Beyond the Classroom: Discovering Baltimores Best Student Friendly Neighborhoods article

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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

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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.