Cheap Homes for Rent in Baltimore, MD from $500 (416 Rentals)

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Baltimore's Best Affordable Neighborhoods

Learn about Baltimore and the best places to live with original content written by our Local Expert Sarah Bregel

Baltimore, MD Local Guide

Cheapest Neighborhoods for Apartments in Baltimore, MD

Pricing Updated: 06/24/2025

Current apartment rentals in the Baltimore, MD area range in price from $360 to $14,926 with an overall median price of $2,648. The three Baltimore neighborhoods with the lowest median rent pricing are Powder Mill Park at $600, Southwest Baltimore at $583, and Gwynns Falls Park at $500. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Baltimore Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Powder Mill Park$1,384$60012
Southwest Baltimore$1,590$58339
Gwynns Falls Park$1,595$50065
Morrell Park$1,595$583165
Oaklee$1,597$583131
Coppin Heights$1,599$500248
Irvington$1,623$583139
Shipley Hill$1,623$500235
Yale Heights$1,623$583123
Gwynns Falls$1,647$500141

Cheapest Available Baltimore Apartments for Rent

 

The cheapest available apartment rental in Baltimore, MD is a 1 Bed unit found at Mary Harvin House in the Inner Harbor neighborhood priced from $575. Uplands in the Violetville neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $583. Here is today’s list of the most affordable Baltimore apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mary Harvin House1 bdr1BR,1BA$575
UplandsPhase 2 - 1 Bedroom1BR,1BA$583
Penn Square1 bdr1BR,1BA$600
Parkside Gardens Apartments and TownhousesStudio apartmentStudio,1BA$656
Columbus School1 bdr1BR,1BA$662
Portside Apartments1A1BR,1BA$683
St Paul St 8170BR/1.0BAStudio,1BA$745
North Avenue Gateway II2 bdr2BR,1BA$751
Gardenvillage Apartments & Townhouses1 bedroom Junior1BR,1BA$751
North Avenue Gateway1 bdr1BR,1BA$767

Best Value Apartments for Rent in Baltimore, MD

As of June 24, 2025 the best value apartment in the Baltimore area is the $0.67 price per square foot 4217 Audrey Ave Model at 4217 Audrey Ave, Unit 1 in the in the South Baltimore neighborhood starting from $999. The second greatest value Baltimore apartment is the Camden Model at 500 W - Located on the UMB Campus! starting at $1,220 with a $0.84 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.
4217 Audrey Ave, Unit 14217 Audrey Ave1BR,1BA$0.67
500 W - Located on the UMB Campus!Camden4BR,2BA$0.84
2254 Annapolis Rd, Unit 22254 Annapolis Rd1BR,1BA$0.67
Renaissance at Reservoir HillTwo Bedrooms One Bath2BR,1BA$0.81
832 N Carey St, Unit 2832 N Carey St1BR,1BA$0.88
834 N Carey St, Unit 3834 N Carey St1BR,1BA$0.85
North Avenue Gateway II2 bdr2BR,1BA$0.75
Penn Square2 bdr2BR,1BA$0.80
Columbus School1 bdr1BR,1BA$0.84
Mary Harvin House1 bdr1BR,1BA$0.83

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Frequently Asked Questions about Baltimore

What type of rentals are currently available in Baltimore?

There are currently 2873 Apartments for Rent in Baltimore, MD with pricing that ranges from $500 to $9,450. There are also 1182 Single Family Homes for rent, Condos, and Townhome rentals currently available in Baltimore ranging from $575 to $35,000.

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 $575 to $35,000 with an average monthly rent of $2,843.

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 $650 to $7,050, while Three Bedroom Homes, Condos, and Townhomes for rent range from $700 to $8,000. Four Bedroom Single-Family rentals are also available starting from $700 and Four Bedroom Apartments start at $600.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.