Cheap Homes for Rent in Franklin Square Neighborhood of Baltimore, MD from $500 (124 Rentals)

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

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

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property at 1620 N Calvert St

$850

1 Bedroom, 1 Bath Townhome for Rent

Available Now

1620 N Calvert St

BaltimoreMD21202

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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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 $745. 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$745
North Avenue Gateway2 bdr2BR,1BA$749
Renaissance at Reservoir HillOne Bedroom1BR,1BA$880
912 Saint Paul St1 Beds, 1 Baths1BR,1BA$900
Hampton Court ApartmentsOne Bedroom1BR,1BA$900
22 LightOne Bedroom1BR,1BA$915

Best Value Apartments for Rent in Franklin Square, MD

As of January 26, 2026 the best value apartment in the Franklin Square area is the $1.03 price per square foot 836 Park Ave Model at 836 Park Ave, Unit #A in the in the Inner Harbor neighborhood starting from $3,050. The second greatest value Franklin Square apartment is the 30 E Preston St Model at 30 E Preston St, Unit B starting at $2,790 with a $1.07 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.
836 Park Ave, Unit #A836 Park Ave2BR,2.5BA$1.03
30 E Preston St, Unit B30 E Preston St3BR,3BA$1.07
2026 Druid Hill Ave, Unit 22026 Druid Hill Ave3BR,3BA$0.85
2735 W North Ave, Unit #22735 W North Ave1BR,1BA$1.12
North Avenue Gateway2 bdr2BR,1BA$0.75
1720 McCulloh St, Unit 41720 McCulloh St1BR,1BA$0.85
834 N Carey St, Unit 3834 N Carey St1BR,1BA$0.85
1015 N Calvert St1 Bedroom1BR,1BA$0.95
Penn Square2 bdr2BR,1BA$0.80
1013 St Paul St, Unit 41013 St Paul St4BR,2BA$0.74

Frequently Asked Questions about Franklin Square

What type of rentals are currently available in Franklin Square?

There are currently 1372 Apartments for Rent in Franklin Square, MD with pricing that ranges from $595 to $6,000. There are also 459 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin Square ranging from $500 to $8,500.

What is the current price range for Rental Homes in Franklin Square?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Franklin Square ranges from $500 to $8,500 with an average monthly rent of $1,741.

How much are larger Three and Four Bedroom Rentals in Franklin Square?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Franklin Square range from $1,094 to $4,715, while Three Bedroom Homes, Condos, and Townhomes for rent range from $700 to $8,500. Four Bedroom Single-Family rentals are also available starting from $600 and Four Bedroom Apartments start at $595.

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

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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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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.

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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

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Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.