Cheap Homes for Rent in Baltimore, MD from $400 (298 Rentals)

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

property at 428 N Lakewood Ave

$550 - $800

Total Monthly Price

Total Monthly Price

Base Rent
$550 - $800

Total Monthly Price
$550 - $800

1 Bedroom, 1 Bath Townhome for Rent

Available Now

428 N Lakewood Ave

BaltimoreMD21224

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.

property at 2206 Penrose Ave

$600

Total Monthly Price

Total Monthly Price

Base Rent
$600

Total Monthly Price
$600

5 Bedroom, 2.5 Bath Townhome for Rent

Available Now

2206 Penrose Ave

BaltimoreMD21223

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.

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.

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.

Baltimore, MD Local Guide

Cheapest Neighborhoods for Apartments in Baltimore, MD

Pricing Updated: 03/09/2026

Current apartment rentals in the Baltimore, MD area range in price from $500 to $10,179 with an overall median price of $2,591. The three Baltimore neighborhoods with the lowest median rent pricing are Brooklyn at $650, Keniworth Park at $800, and Panway at $700. 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$65028
Keniworth Park$1,270$80069
Panway$1,407$70035
Powder Mill Park$1,437$99511
Cedmont$1,450$60077
Moores Run Park$1,450$60067
Rosemont Avenue$1,459$60086
Belair Parkside$1,471$60098
Cedonia$1,471$60058
Frankford$1,471$60066

Cheapest Available Baltimore Apartments for Rent

 

The cheapest available apartment rental in Baltimore, MD is a 1 Bed unit found at Greens at Irvington Mews 2 - Senior Apartments 62+ in the Violetville neighborhood priced from $533. Penn Square in the Inner Harbor neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here is today’s list of the most affordable Baltimore apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Greens at Irvington Mews 2 - Senior Apartments 62+1 Bedroom1BR,1BA$533
Penn Square1 bdr1BR,1BA$600
Lansdowne Gardens2 Bedroom2BR,1BA$655
Portside Apartments1A1BR,1BA$683
Parkside Gardens Apartments and TownhousesStudio apartmentStudio,1BA$689
Maiden Choice ApartmentsStudioStudio,1BA$700
North Avenue Gateway II1 bdr1BR,1BA$745
Gardenvillage Apartments & Townhouses1 bedroom Junior1BR,1BA$751

Best Value Apartments for Rent in Baltimore, MD

As of March 09, 2026 the best value apartment in the Baltimore area is the $0.48 price per square foot Three Bedroom Model at Riverfront in the in the South Baltimore neighborhood starting from $1,134. The second greatest value Baltimore apartment is the 2026 Druid Hill Ave Model at 2026 Druid Hill Ave, Unit 2 starting at $1,950 with a $0.85 price per square foot in the Inner Harbor 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.
RiverfrontThree Bedroom3BR,2BA$0.48
2026 Druid Hill Ave, Unit 22026 Druid Hill Ave3BR,3BA$0.85
414 S Augusta Ave, Unit 414414 S Augusta Ave3BR,1.5BA$0.91
HH Cresmont4 Bedroom / 2 Bathrooms (leased per bedroom)4BR,2BA$0.66
2920 E Cold Spring Ln, Unit Room for rent2920 E Cold Spring Ln4BR,1BA$0.63
1720 McCulloh St, Unit 41720 McCulloh St1BR,1BA$0.85
834 N Carey St, Unit 3834 N Carey St1BR,1BA$0.85
314 N Calhoun St, Unit 1314 N Calhoun St1BR,1BA$0.90
Penn Square2 bdr2BR,1BA$0.80
Maiden Choice ApartmentsStudioStudio ,1BA$0.74

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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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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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 2807 Apartments for Rent in Baltimore, MD with pricing that ranges from $500 to $10,179. There are also 1101 Single Family Homes for rent, Condos, and Townhome rentals currently available in Baltimore ranging from $475 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 $475 to $11,000 with an average monthly rent of $2,032.

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 $884 to $6,614, 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 $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

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 Maximizing Your Refund: Essential Tax Tips for Renters article

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.

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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.