Cheap Homes for Rent in Downtown Baltimore Neighborhood of Baltimore, MD from $400 (66 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 219 Penn St

$695 - $720

Total Monthly Price

Total Monthly Price

Base Rent
$695 - $720
Total Monthly Price
$695 - $720

1 Bedroom, 1 Bath Townhome for Rent

Available Now

219 Penn St

BaltimoreMD21230
property at 646 W Conway St

$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.

Read Article
property at 1729 N Caroline St

$750 - $850

Total Monthly Price

Total Monthly Price

Base Rent
$750 - $850
Total Monthly Price
$750 - $850

1 Bedroom, 1 Bath Townhome for Rent

Available Jun 30

1729 N Caroline St

BaltimoreMD21213
property at 1232 W Lafayette Ave

$780 - $1,100

Total Monthly Price

Total Monthly Price

Base Rent
$780 - $1,100
Total Monthly Price
$780 - $1,100

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.

Read Article

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.

Read Article
property at 2348 Eutaw Pl

$1,095 - $1,395

1 To 2 Bedroom Rentals

Available Now

2348 Eutaw Pl

BaltimoreMD21217
property at 1328 W Lombard St

$1,150 - $1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,150 - $1,300
Total Monthly Price
$1,150 - $1,300

1 Bedroom, 1.5 Bath Home for Rent

Available Now

1328 W Lombard St

BaltimoreMD21223
property at 1200 N Eden St

$1,200 - $1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,200 - $1,400
Total Monthly Price
$1,200 - $1,400

2 Bedroom, 2 Bath Townhome for Rent

Available Now

1200 N Eden St

BaltimoreMD21213

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.

Read Article
property at 257X McCulloh St

$1,200 - $1,600

1 To 3 Bedroom Rentals

Available Now

257X McCulloh St

BaltimoreMD21217
property at 1614 N Caroline St

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250

2 Bedroom, 1.5 Bath Home for Rent

Available Jul 1

1614 N Caroline St

BaltimoreMD21213
property at 1433 W Lombard St

$1,299

Total Monthly Price

Total Monthly Price

Base Rent
$1,299
Total Monthly Price
$1,299

1 Bedroom, 1 Bath Townhome for Rent

Available Now

1433 W Lombard St

BaltimoreMD21223

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Read Article
Showing Results 1-50, Page 1 of 2

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. 809 Park Ave has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here are the most affordable Downtown Baltimore apartments for rent in Baltimore, MD:

Apartment ListingModel NameBed/BathPriced From
Mulberry at ParkThree Bedroom3BR,2BA$739
809 Park Ave0 Beds, 1 BathsStudio,1BA$800
1224 St Paul St0 Beds, 1 BathsStudio,1BA$850
221-223 E Preston St0 Beds, 1 BathsStudio,1BA$850
Avon1 Beds, 1 Baths1BR,1BA$895
Saint Paul RegencyStudio apartmentStudio,1BA$925
849 Park Ave1 Beds, 1 Baths1BR,1BA$950
Queen Esther Apartments2 bedroom townhome2BR,1BA$950
Live 501S1AStudio,1BA$970

Best Value Apartments for Rent in Downtown Baltimore, MD

As of June 23, 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 3bed/3Bath Model at Guilford Row starting at $2,595 with a $1.35 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
Guilford Row3bed/3Bath3BR,3.5BA$1.35
49 E Montgomery St, Unit 249 E Montgomery St2BR,1BA$1.36
Barclay Greenmount3 Bedroom3BR,1BA$0.99
The Brown's LoftUnit 5012BR,2BA$1.33
1017 Hollins St1017 Hollins St1BR,1BA$1.04
313 W Madison St, Unit DUPLEX313 W Madison St2BR,1BA$1.20
226 W Monument St2 Beds, 1 Baths2BR,1BA$1.26
Queen Esther Apartments2 bedroom townhome2BR,1BA$1.05
Mulberry at ParkOne Bedroom1BR,1BA$1.19

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 Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Downtown Baltimore, Baltimore, MD

Ranked #50

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Best Local Schools in
Downtown Baltimore, Baltimore, MD

School data provided by Great Schools

Frequently Asked Questions about Downtown Baltimore

What type of rentals are currently available in Downtown Baltimore?

There are currently 1066 Apartments for Rent in Downtown Baltimore, MD with pricing that ranges from $600 to $7,197. There are also 217 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Baltimore ranging from $475 to $11,000.

What is the current price range for Rental Homes in Downtown Baltimore?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Baltimore ranges from $475 to $11,000 with an average monthly rent of $1,729.

How much are larger Three and Four Bedroom Rentals in Downtown Baltimore?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Baltimore range from $739 to $5,930, while Three Bedroom Homes, Condos, and Townhomes for rent range from $720 to $6,900. Four Bedroom Single-Family rentals are also available starting from $550 and Four Bedroom Apartments start at $1,247.

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.

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

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

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

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.