Cheap Homes for Rent in Baltimore, MD from $400 (343 Rentals)

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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

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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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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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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Baltimore, MD Local Guide

Cheapest Neighborhoods for Apartments in Baltimore, MD

Pricing Updated: 01/01/2026

Current apartment rentals in the Baltimore, MD area range in price from $489 to $16,300 with an overall median price of $2,588. The three Baltimore neighborhoods with the lowest median rent pricing are Brooklyn at $550, Panway at $650, and Bridgeview at $600. 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$1,199$55040
Panway$1,316$65039
Bridgeview$1,325$60033
Keniworth Park$1,350$665111
Moores Run Park$1,429$65683
Cedmont$1,436$65695
Cedonia$1,450$65671
Frankford$1,450$65686
Waltherson$1,450$656123
Loch Raven$1,460$665236

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 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 21 Bedroom1BR,1BA$533
Penn Square1 bdr1BR,1BA$600
North Avenue Gateway II1 bdr1BR,1BA$647
Parkside Gardens Apartments and TownhousesStudio apartmentStudio,1BA$689
North Avenue Gateway2 bdr2BR,1BA$749
Oak Hill TownhomesStudio ApartmentStudio,1BA$750
Gardenvillage Apartments & Townhouses1 bedroom Junior1BR,1BA$751
Goodnow Hill and Franconia Apartments1 bedroom Junior apartment1BR,1BA$765
Nottingham GardensStudioStudio,1BA$800

Best Value Apartments for Rent in Baltimore, MD

As of January 01, 2026 the best value apartment in the Baltimore area is the $0.74 price per square foot 3213 Dorchester Rd Model at 3213 Dorchester Rd, Unit 2 in the in the Burleith-Leighton neighborhood starting from $2,000. The second greatest value Baltimore apartment is the 2920 Auchentoroly Ter Model at 2920 Auchentoroly Ter, Unit Unit A2 starting at $1,700 with a $0.89 price per square foot in the Druid Hill Park 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.
3213 Dorchester Rd, Unit 23213 Dorchester Rd2BR,1BA$0.74
2920 Auchentoroly Ter, Unit Unit A22920 Auchentoroly Ter2BR,1BA$0.89
927 N Calvert St, Unit 1F927 N Calvert St3BR,2BA$0.54
3404 Alto Rd, Unit 2nd floor3404 Alto Rd2BR,1BA$1.00
7819 Wise Ave, Unit B7819 Wise Ave2BR,1BA$0.96
North Avenue Gateway2 bdr2BR,1BA$0.75
1015 N Calvert St1 Bedroom1BR,1BA$0.95
Penn Square2 bdr2BR,1BA$0.80
Ashburton Woods ApartmentsOne Bedroom/1 Bath1BR,1BA$1.02
1013 St Paul St, Unit 41013 St Paul St4BR,2BA$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!

Explore Baltimore, MD Rentals by Map

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See the most popular apartments and homes in Baltimore, MD

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Frequently Asked Questions about Baltimore

What type of rentals are currently available in Baltimore?

There are currently 2909 Apartments for Rent in Baltimore, MD with pricing that ranges from $533 to $18,010. There are also 1386 Single Family Homes for rent, Condos, and Townhome rentals currently available in Baltimore ranging from $475 to $12,500.

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 $12,500 with an average monthly rent of $2,690.

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 $848 to $6,660, 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 $595.

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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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.