Cheap Apartments for Rent in the Historic Baltimore Neighborhood of Baltimore, MD from $500 (99 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Historic Baltimore 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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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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property at 301 W Franklin St

$1,300 - $1,650

Studio To 1 Bedroom Rentals

Available Now

301 W Franklin St

BaltimoreMD21201

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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Historic Baltimore, Baltimore, MD Local Guide

Cheapest Available Historic Baltimore Apartments for Rent

 

The cheapest available apartment rental in the Historic Baltimore area of Baltimore, MD is a Studio unit found at Mt. Vernon Properties priced from $800. 22 Light has the second lowest priced unit, which is a 1 Bed apartment currently listed from $915. Here are the most affordable Historic Baltimore apartments for rent in Baltimore, MD:

Apartment ListingModel NameBed/BathPriced From
Mt. Vernon PropertiesStudioStudio,1BA$800
22 LightOne Bedroom1BR,1BA$915
Saint Paul RegencyStudio apartmentStudio,1BA$925
Vivo Living BaltimorePETITES - The Petite Studio - SStudio,1BA$939
1015 N Calvert St1 Bedroom1BR,1BA$950
Live 501S1AStudio,1BA$970
936 N Calvert StStudio1BR,1BA$1,000
The James1BR/1.0BA1BR,1BA$1,000

Best Value Apartments for Rent in Historic Baltimore, MD

As of December 17, 2025 the best value apartment in the Historic Baltimore area is the $0.54 price per square foot 927 N Calvert St Model at 927 N Calvert St, Unit 1F in the in the Inner Harbor neighborhood starting from $975. The second greatest value Historic Baltimore apartment is the 526 St Paul St Model at 526 St Paul St, Unit 3 starting at $2,395 with a $1.50 price per square foot in the Inner Harbor neighborhood. Here is today’s list of the best values for Historic Baltimore apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
927 N Calvert St, Unit 1F927 N Calvert St3BR,2BA$0.54
526 St Paul St, Unit 3526 St Paul St3BR,2.5BA$1.50
918 N. Calvert Street2nd & 3rd floor Unit2BR,1BA$1.44
222 SaratogaCalvert2BR,2BA$1.33
Mulberry at ParkThree Bedroom3BR,2BA$1.46
1015 N Calvert St1 Bedroom1BR,1BA$0.95
225 W Mulberry St, Unit 3225 W Mulberry StStudio ,1BA$1.18
1013 St Paul St, Unit 41013 St Paul St4BR,2BA$0.74
Howard Row0BR/1.0BAStudio ,1BA$1.45
22 LightOne Bedroom1BR,1BA$1.44

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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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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.

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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Historic Baltimore, Baltimore, and the greater Baltimore area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for the best proximity to parks and outdoor amenities, luxury housing options, transit availability, pet-friendly communities, family-friendliness, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the Historic Baltimore Neighborhood in Baltimore, MD

Walk Score®

99 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

77 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

100 / 100

Rider’s Paradise

World-class public transportation

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 Historic Baltimore Apartments

What is a cheap apartment in Historic Baltimore?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Historic Baltimore is under $1,000.

What is the price of a cheap apartment in Historic Baltimore?

The cheapest apartment in Historic Baltimore is 22 Light which is listed at $915, while the average apartment in Historic Baltimore costs $2,295.

What types of apartments are the cheapest in Historic Baltimore?

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 218 regular apartments in Historic Baltimore 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 Historic Baltimore?

Cheap apartments in Historic Baltimore have an average cost of $1,162 which is $1,133 cheaper than the average rent for all rentals in Historic Baltimore.

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.

Articles, How-To's, and Tips

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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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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.

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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!