Cheap Apartments for Rent in the Franklin Square Neighborhood of Baltimore, MD from $400 (264 Rentals)

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

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property at 7 N Carey St

7 N Carey St

BaltimoreMD21223

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Franklin Square, Baltimore, MD Local Guide

Cheapest Available Franklin Square Apartments for Rent

 

The cheapest available apartment rental in the Franklin Square area of Baltimore, MD is a 1 Bed unit found at Penn Square priced from $600. Midtown at Coppin Heights has the second lowest priced unit, which is a 2 Beds apartment currently listed from $697. Here are the most affordable Franklin Square apartments for rent in Baltimore, MD:

Apartment ListingModel NameBed/BathPriced From
Penn Square1 bdr1BR,1BA$600
Midtown at Coppin HeightsTwo Bed2BR,1BA$697
Avon0 Beds, 1 BathsStudio,1BA$725
North Avenue Gateway II2 bdr2BR,1BA$751
North Avenue Gateway1 bdr1BR,1BA$767
Wheelhouse Co-Living4B1BR,1BA$822
Vivo Living BaltimoreThe Petite StudioStudio,1BA$899

Best Value Apartments for Rent in Franklin Square, MD

As of July 26, 2025 the best value apartment in the Franklin Square area is the $0.55 price per square foot 2030 Park Ave Model at 2030 Park Ave, Unit #1 in the in the Inner Harbor neighborhood starting from $1,900. The second greatest value Franklin Square apartment is the 324 Park Ave Model at 324 Park Ave, Unit 324 starting at $1,950 with a $0.98 price per square foot in the South Baltimore neighborhood. Here is today’s list of the best values for Franklin Square apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2030 Park Ave, Unit #12030 Park Ave2BR,1BA$0.55
324 Park Ave, Unit 324324 Park Ave4BR,2BA$0.98
324 Park Ave, Unit Park Avenue Apartment324 Park Ave4BR,2BA$0.98
Calvert Property1BR/1.0BA1BR,1BA$1.00
2254 Annapolis Rd, Unit 22254 Annapolis Rd1BR,1BA$0.67
Renaissance at Reservoir HillTwo Bedrooms One Bath2BR,1BA$0.81
834 N Carey St, Unit 3834 N Carey St1BR,1BA$0.85
1720 McCulloh St, Unit 41720 McCulloh St1BR,1BA$0.85
Penn Square2 bdr2BR,1BA$0.80
North Avenue Gateway II2 bdr2BR,1BA$0.81

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Pet Friendly Lifestyle
Franklin Square, Baltimore, MD

Ranked #43

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
Franklin Square, Baltimore, MD

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, including Baltimore. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, kid and pet-friendly communities, availability of transit options, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the Franklin Square Neighborhood in Baltimore, MD

Walk Score®

80 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

58 / 100

Bikeable

Some bike infrastructure

Transit Score®

81 / 100

Excellent Transit

Transit is convenient for most trips

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Franklin Square Apartments

What is a cheap apartment in Franklin Square?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Franklin Square is under $899.

What is the price of a cheap apartment in Franklin Square?

The cheapest apartment in Franklin Square is Penn Square which is listed at $600, while the average apartment in Franklin Square costs $2,045.

What types of apartments are the cheapest in Franklin Square?

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 170 regular apartments in Franklin Square 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 Franklin Square?

Cheap apartments in Franklin Square have an average cost of $573 which is $1,472 cheaper than the average rent for all rentals in Franklin Square.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.