Cheap Homes for Rent in the Federal Hill Neighborhood of Baltimore, MD from $850 (10 Rentals)

How Many Bedrooms?Done
Price OptionsDone
Price Range
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 Federal Hill area of Baltimore.

property at 1423 William St
$1,595
2 Bedroom, 1 Bath Rentals
Available Now
Cost Per Sq.Ft.

1423 William St

BaltimoreMD21230

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

Explore the best places to live in Baltimore, from Charles Village to Fells Point, with a guide for employees of the city's major employers.

property at 1305 Light St
$1,700

Total Monthly Price

Base Rent$1,700

Total Monthly Price$1,700
1 Bedroom, 1 Bath Townhome for Rent
Available Now
Affordability

1305 Light St

BaltimoreMD21230
property at 23 Pierside Dr
$2,100

Total Monthly Price

Base Rent$2,100

Total Monthly Price$2,100
1 Bedroom, 1 Bath Condo for Rent
Available Dec 1
Luxury

23 Pierside Dr, Unit 234

23 Pierside Dr
BaltimoreMD21230

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Federal Hill, Baltimore, MD Local Guide

Cheapest Available Federal Hill Homes for Rent

 

The cheapest available rental home in the Federal Hill area of Baltimore, MD is a 2 Beds home found at 1423 William St priced from $1,595. 1305 Light St has the second lowest priced home, which is a 1 Bed rental home currently listed from $1,700. Here are the most affordable Federal Hill homes for rent in Baltimore, MD:

Home ListingModel NameBed/BathPriced From
1423 William St1423 William St2BR, 1BA$1,595
1305 Light St1305 Light St1BR, 1BA$1,700
1305 Light St1305 Light St2BR, 3BA$2,350

Best Value Homes for Rent in Federal Hill, MD

As of September 20, 2026 the best value rental home in the Federal Hill area is the $1.19 price per square foot 840 S Bond St Model at 840 S Bond St in the Fells Point neighborhood starting from $6,000. The second greatest value Federal Hill rental home is the 1140 S Hanover St Model at 1140 S Hanover St in the Inner Harbor neighborhood starting at $2,425 with a $1.28 price per square foot. Here is today’s list of the best values for Federal Hill homes based on price per square foot:

Home ListingModel NameBed/BathPrice Per Sq.Ft.
840 S Bond St840 S Bond St5BR, 4BA$1.19
1140 S Hanover St1140 S Hanover St3BR, 2.5BA$1.28
1714 Patapsco St1714 Patapsco St4BR, 5BA$1.89
1423 William St1423 William St2BR, 1BA$0.92
1305 Light St1305 Light St2BR, 3BA$1.71
130 E Gittings St130 E Gittings St2BR, 2BA$2.23
1106 William St1106 William St3BR, 2BA$2.21
1014 Patapsco St1014 Patapsco St2BR, 1BA$2.33
1418 Decatur St1418 Decatur St2BR, 1.5BA$2.51
1211 Light St, Unit 1081211 Light St2BR, 2BA$2.47

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

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article

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

Ranked #

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

Pet Friendliness Lifestyle Score

Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Federal Hill

What type of rentals are currently available in Federal Hill?

There are currently 76 Apartments for Rent in Federal Hill, MD with pricing that ranges from $897 to $12,500. There are also 52 Single Family Homes for rent, Condos, and Townhome rentals currently available in Federal Hill ranging from $850 to $10,000.

What is the current price range for Rental Homes in Federal Hill?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Federal Hill ranges from $850 to $10,000 with an average monthly rent of $3,265.

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 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.

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 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.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for How Commercial-to-Residential Property Conversions Help the Housing Crisis   article

How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.