Cheap Apartments for Rent in the Historic Baltimore Neighborhood of Baltimore, MD from $500 (138 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Historic Baltimore 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.

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225 N Calvert
Rent Specials
$1,399 - $2,942
Total Monthly Price

Total Monthly Price

Base Rent
$1,399 - $2,942
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

225 N Calvert

225 N Calvert StBaltimore, MD 21202
Corporate Housing
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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.

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403 N Charles St
$1,650 - $3,550
Total Monthly Price

Total Monthly Price

Base Rent
$1,650 - $3,550
Total Monthly Price
$1,650 - $3,550
1 to 3 Bedroom Apartment Available Now

403 N Charles St

403 N Charles StBaltimore, MD 21201
Affordability
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311 W Baltimore St
$1,650 - $2,050
Total Monthly Price

Total Monthly Price

Base Rent
$1,650 - $2,050
Total Monthly Price
$1,650 - $2,050
1 to 2 Bedroom Apartment Available Now

311 W Baltimore St

311 W Baltimore StBaltimore, MD 21201
Furnished
  • Smoke Free
property at 414 Water St

$1,650 - $2,600

1 To 2 Bedroom Rentals

Available Now

414 Water St

BaltimoreMD21202

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

Explore the best places to live in Baltimore, from Charles Village to Fells Point, with a guide for employees of the city's major employers.

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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 1 Bed unit found at 22 Light priced from $915. Saint Paul Regency has the second lowest priced unit, which is a Studio apartment currently listed from $925. Here are the most affordable Historic Baltimore apartments for rent in Baltimore, MD:

Apartment ListingModel NameBed/BathPriced From
22 LightOne Bedroom1BR,1BA$915
Saint Paul RegencyStudio apartmentStudio,1BA$925
Vision on LombardTower 2 - StudioStudio,1BA$965
Live 501S1AStudio,1BA$970
For Rent: Stylish Urban Living at 815 Park Ave – Your City Oasis Awaits!0BR/1.0BAStudio,1BA$999
107 W Monument St1 bedroom1BR,1BA$1,050
Phoenix on ParkStudioStudio,1BA$1,050
The Apartments at Charles PlazaCharles Towers StudioStudio,1BA$1,057
1017 Saint Paul St0 Beds, 1 BathsStudio,1BA$1,070
St James PlaceNoraStudio,1BA$1,080

Best Value Apartments for Rent in Historic Baltimore, MD

As of May 20, 2026 the best value apartment in the Historic Baltimore area is the $1.72 price per square foot Oak Model at The Redwood Apartments in the in the Inner Harbor neighborhood starting from $2,111. The second greatest value Historic Baltimore apartment is the Unit 501 Model at The Brown's Loft starting at $1,590 with a $1.33 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.
The Redwood ApartmentsOak2BR,2BA$1.72
The Brown's LoftUnit 5012BR,2BA$1.33
403 N Charles St403 N Charles St1BR,1BA$1.38
19 E Fayette StOne Bedroom1BR,1BA$1.33
500 W Fayette St.2BR/2.0BA2BR,2BA$1.57
Chesapeake Commons1x11BR,1BA$1.56
The Atrium1Bedroom 2Bathroom Loft1BR,2BA$1.87
Mulberry at ParkOne Bedroom1BR,1BA$1.60
22 LightOne Bedroom1BR,1BA$1.44
107 W Monument St1 bedroom1BR,1BA$1.75

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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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!

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 $1,080.

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 $3,000.

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 139 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 $1,104 which is $1,896 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.

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.