Cheap Homes for Rent in Franklin Square Neighborhood of Baltimore, MD from $400 (95 Rentals)

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

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.

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

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.

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.

property at 646 W Conway St

$750 - $765

1 Bedroom, 1 Bath Townhome for Rent

Available Now

646 W Conway St

BaltimoreMD21230

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.

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

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.

Cheapest Available Franklin Square Apartments for Rent

 

The cheapest available apartment rental in the Franklin Square area of Baltimore, MD is a Studio unit found at 1111 Light Street priced from $150. Mulberry at Park has the second lowest priced unit, which is a 3 Beds apartment currently listed from $739. Here are the most affordable Franklin Square apartments for rent in Baltimore, MD:

Apartment ListingModel NameBed/BathPriced From
1111 Light StreetThe Lofts at 1111 LightStudio,1BA$150
Mulberry at ParkThree Bedroom3BR,2BA$739
North Avenue Gateway II1 Bedroom/1 Bath C1BR,1BA$745
Penn Square I2 Bedroom/1 Bath B2BR,1BA$797
809 Park Ave0 Beds, 1 BathsStudio,1BA$825
221-223 E Preston St0 Beds, 1 BathsStudio,1BA$850

Best Value Apartments for Rent in Franklin Square, MD

As of June 12, 2026 the best value apartment in the Franklin Square area is the $0.89 price per square foot 2920 Auchentoroly Ter Model at 2920 Auchentoroly Ter, Unit Unit A2 in the in the Druid Hill Park neighborhood starting from $1,700. The second greatest value Franklin Square apartment is the 3 Bedroom Model at Barclay Greenmount starting at $1,292 with a $0.99 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.
2920 Auchentoroly Ter, Unit Unit A22920 Auchentoroly Ter2BR,1BA$0.89
Barclay Greenmount3 Bedroom3BR,1BA$0.99
The Chateau and The RivieraRiviera - Two Bedroom2BR,1BA$1.13
1017 Hollins St1017 Hollins St1BR,1BA$1.04
1716 McCulloh St, Unit 21716 McCulloh StStudio ,1BA$0.88
1719 Saint Paul St1719 Saint Paul St1BR,1BA$1.15
834 N Carey St, Unit 3834 N Carey St1BR,1BA$0.85
1720 McCulloh St, Unit 31720 McCulloh St1BR,1BA$0.80
812 Mangold St, Unit North bedroom812 Mangold St1BR,1.5BA$0.86
Penn Square I1 Bedroom/1 Bath A1BR,1BA$1.09

Frequently Asked Questions about Franklin Square

What type of rentals are currently available in Franklin Square?

There are currently 1364 Apartments for Rent in Franklin Square, MD with pricing that ranges from $263 to $7,197. There are also 431 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin Square ranging from $475 to $9,000.

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 $475 to $9,000 with an average monthly rent of $1,871.

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 $739 to $4,751, while Three Bedroom Homes, Condos, and Townhomes for rent range from $720 to $5,200. 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 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.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.