Cheap Apartments for Rent in the Franklin Square Neighborhood of Baltimore, MD from $400 (258 Rentals)

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

property at 307 Dolphin St

307 Dolphin St

BaltimoreMD21217
property at 2572 McCulloh St

2572 McCulloh St

BaltimoreMD21217
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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. North Avenue Gateway II has the second lowest priced unit, which is a 1 Bed apartment currently listed from $647. Here are the most affordable Franklin Square apartments for rent in Baltimore, MD:

Apartment ListingModel NameBed/BathPriced From
Penn Square1 bdr1BR,1BA$600
North Avenue Gateway II1 bdr1BR,1BA$647
1018 N Calvert StStudioStudio,1BA$900
Hampton Court ApartmentsOne Bedroom1BR,1BA$900
22 LightOne Bedroom1BR,1BA$915
Saint Paul RegencyStudio apartmentStudio,1BA$925
Printers Square Apartments1 Bedroom1BR,1BA$933
Walbrook Mill Apartments2 Bedroom2BR,1BA$952

Best Value Apartments for Rent in Franklin Square, MD

As of October 25, 2025 the best value apartment in the Franklin Square area is the $1.07 price per square foot 30 E Preston St Model at 30 E Preston St, Unit B in the in the Inner Harbor neighborhood starting from $2,790. The second greatest value Franklin Square apartment is the Unit 6 Model at 407 N Charles St starting at $2,200 with a $1.06 price per square foot in the Inner Harbor 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.
30 E Preston St, Unit B30 E Preston St3BR,3BA$1.07
407 N Charles StUnit 64BR,3.5BA$1.06
Multi-Family Lofts Units2BR/2.0BA2BR,2BA$1.00
2920 Auchentoroly Ter, Unit A22920 Auchentoroly Ter2BR,1BA$0.95
Renaissance at Reservoir HillTwo Bedrooms One Bath2BR,1BA$0.81
1720 McCulloh St, Unit 41720 McCulloh St1BR,1BA$0.85
834 N Carey St, Unit 3834 N Carey St1BR,1BA$0.85
Penn Square2 bdr2BR,1BA$0.80
Walbrook Mill Apartments2 Bedroom2BR,1BA$1.14
North Avenue Gateway II1 bdr1BR,1BA$1.06

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Pet Friendly Lifestyle
Franklin Square, Baltimore, MD

Ranked #44

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 $952.

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 $2,450.

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 157 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 $547 which is $1,903 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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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! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.