Cheap Homes for Rent in Baltimore, MD from $500 (424 Rentals)

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Search the lowest-cost Homes available for rent right now in 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.

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.

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.

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.

property at 3817 Cottage Ave

$650

Total Monthly Price

Total Monthly Price

Base Rent
$650

Total Monthly Price
$650

1 Bedroom, 1 Bath Townhome for Rent

Available Now

3817 Cottage Ave

BaltimoreMD21215

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.

Baltimore, MD Local Guide

Cheapest Neighborhoods for Apartments in Baltimore, MD

Pricing Updated: 04/23/2026

Current apartment rentals in the Baltimore, MD area range in price from $550 to $9,120 with an overall median price of $2,931. The three Baltimore neighborhoods with the lowest median rent pricing are Brooklyn at $800, Keniworth Park at $550, and Northwest Baltimore at $775. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Baltimore Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Brooklyn$1,250$80031
Keniworth Park$1,250$55051
Northwest Baltimore$1,275$77531
Powder Mill Park$1,339$99513
Upton$1,365$87526
Dolfield$1,464$77528
East Baltimore$1,485$55039
Bridgeview$1,565$65031
Panway$1,565$65038
Curtis Bay$1,607$80070

Cheapest Available Baltimore Apartments for Rent

 

The cheapest available apartment rental in Baltimore, MD is a 1 Bed unit found at The Terraces at Park Heights (Senior 62+) in the Burleith-Leighton neighborhood priced from $628. Lansdowne Gardens in the South Baltimore neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $655. Here is today’s list of the most affordable Baltimore apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Terraces at Park Heights (Senior 62+)One Bedroom1BR,1BA$628
Lansdowne Gardens2 Bedroom2BR,1BA$655
Maiden Choice ApartmentsStudioStudio,1BA$700
Parkside Gardens Apartments and TownhousesStudio apartmentStudio,1BA$708
North Avenue Gateway II1 Bedroom/1 Bath C1BR,1BA$745
Gardenvillage Apartments & Townhouses1 bedroom Junior1BR,1BA$753
Cold Spring LaneTwo Bedroom2BR,1BA$775
Penn Square I2 Bedroom/1 Bath B2BR,1BA$797

Best Value Apartments for Rent in Baltimore, MD

As of April 23, 2026 the best value apartment in the Baltimore area is the $0.85 price per square foot 2026 Druid Hill Ave Model at 2026 Druid Hill Ave, Unit Unit 2 in the in the Inner Harbor neighborhood starting from $1,950. The second greatest value Baltimore apartment is the 414 S Augusta Ave Model at 414 S Augusta Ave, Unit 414 starting at $2,000 with a $0.91 price per square foot in the Violetville neighborhood. Here is today’s list of the best values for Baltimore apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2026 Druid Hill Ave, Unit Unit 22026 Druid Hill Ave3BR,3BA$0.85
414 S Augusta Ave, Unit 414414 S Augusta Ave3BR,1.5BA$0.91
3404 Alto Rd, Unit 2nd floor3404 Alto Rd2BR,1BA$1.00
2920 E Cold Spring Ln, Unit Room for rent2920 E Cold Spring Ln4BR,1BA$0.63
1718 McCulloh St, Unit 11718 McCulloh St1BR,1BA$0.95
1716 McCulloh St, Unit 21716 McCulloh StStudio ,1BA$0.88
1720 McCulloh St, Unit 41720 McCulloh St2BR,1BA$1.00
Maiden Choice ApartmentsStudioStudio ,1BA$0.74
Ashburton Woods ApartmentsOne Bedroom/1 Bath1BR,1BA$0.99
The Terraces at Park Heights (Senior 62+)One Bedroom1BR,1BA$0.83

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Baltimore

What type of rentals are currently available in Baltimore?

There are currently 2862 Apartments for Rent in Baltimore, MD with pricing that ranges from $550 to $8,677. There are also 1354 Single Family Homes for rent, Condos, and Townhome rentals currently available in Baltimore ranging from $500 to $11,000.

What is the current price range for Rental Homes in Baltimore?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Baltimore ranges from $500 to $11,000 with an average monthly rent of $2,005.

How much are larger Three and Four Bedroom Rentals in Baltimore?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Baltimore range from $895 to $6,813, while Three Bedroom Homes, Condos, and Townhomes for rent range from $720 to $8,500. Four Bedroom Single-Family rentals are also available starting from $500 and Four Bedroom Apartments start at $700.

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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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

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