Cheap Apartments for Rent in the Downtown Baltimore Neighborhood of Baltimore, MD from $400 (210 Rentals)

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

property at 300 Cathedral St

$900 - $1,350

1 To 2 Bedroom Rentals

Available Now

300 Cathedral St

BaltimoreMD21201

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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property at 1210 N Calvert St

$950 - $1,100

Studio To 2 Bedroom Rentals

Available Now

1210 N Calvert St

BaltimoreMD21202

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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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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The Art of the Rental Viewing: What to look for during a property tour

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.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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 Studio unit found at Mt. Vernon Properties priced from $800. Hampton Court Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here are the most affordable Downtown Baltimore apartments for rent in Baltimore, MD:

Apartment ListingModel NameBed/BathPriced From
Mt. Vernon PropertiesStudioStudio,1BA$800
Hampton Court ApartmentsOne Bedroom1BR,1BA$900
22 LightOne Bedroom1BR,1BA$915
Saint Paul RegencyStudio apartmentStudio,1BA$925
Printers Square Apartments1 Bedroom1BR,1BA$933
Vivo Living BaltimorePETITES - The Petite Studio - SStudio,1BA$939
1015 N Calvert St1 Bedroom1BR,1BA$950
Sharp Leadenhall ApartmentsThe Caroline1BR,1BA$968
Live 501S1AStudio,1BA$970

Best Value Apartments for Rent in Downtown Baltimore, MD

As of December 21, 2025 the best value apartment in the Downtown Baltimore area is the $1.21 price per square foot 2 Bedroom 2.5 Bath Model at The Railway Express Loft Apartments in the in the Inner Harbor neighborhood starting from $2,300. The second greatest value Downtown Baltimore apartment is the 927 N Calvert St Model at 927 N Calvert St, Unit 1F starting at $975 with a $0.54 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.
The Railway Express Loft Apartments2 Bedroom 2.5 Bath2BR,2.5BA$1.21
927 N Calvert St, Unit 1F927 N Calvert St3BR,2BA$0.54
246 W Lanvale St, Unit 3246 W Lanvale St2BR,1BA$1.04
Calvert Property2BR/2.0BA2BR,2BA$1.26
2124 Bolton St, Unit 22124 Bolton St1BR,1BA$1.14
1015 N Calvert St1 Bedroom1BR,1BA$0.95
Barclay Greenmount2 Bedroom2BR,1BA$1.14
Queen Esther Apartments2 bedroom townhome2BR,1BA$1.22
Printers Square Apartments1 Bedroom1BR,1BA$1.16
1013 St Paul St, Unit 41013 St Paul St4BR,2BA$0.74

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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Quick 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.

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Pet Friendly Lifestyle
Downtown Baltimore, Baltimore, MD

Ranked #47

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 Hampton Court Apartments which is listed at $900, while the average apartment in Downtown Baltimore costs $3,137.

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 342 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 $850 which is $2,287 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.

Articles, How-To's, and Tips

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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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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!