
Cheap Apartments for Rent in the Homestead Neighborhood of Baltimore, MD from $500 (50 Rentals)
Search the lowest-cost Apartments available for rent right now in the Homestead area of Baltimore.


2001 Boone St

2103 Belair Rd

2001 Boone St

716 E 23rd St

716 E 23rd St

1627 N Milton Ave

2317 Barclay St

2317 Barclay St

2518 Barclay St
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.

2518 Barclay St

1729 N Caroline St

1729 N Caroline St

2424 Brentwood Ave

1627 N Milton Ave

1729 N Caroline St

2518 Barclay St

2317 Barclay St

902 Gorsuch Ave

Oak Hill Townhomes
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.

1729 N Caroline St

2701 N Calvert St, Unit Main House

Total Monthly Price
2503 N Calvert St, Unit 1

2800 The Alameda

307 Whitridge Ave

1721 Guilford Ave, Unit Room 1

404 Venable Ave

Queen Esther Apartments

Ednor Apartments I

City Arts 2
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.

2535 Greenmount Ave

124 E Trenton St, Unit 105

Total Monthly Price
124 E Trenton St, Unit 105

101 W Trenton St

1505 Medford Rd, Unit 2

3221 The Alameda

1700 N Gay St

Mary Harvin House

Columbus School Limited Partnership

Oakridge Apartments
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.

Tiffany Estates

2503 N Calvert St

Barclay Greenmount

North Barclay Green

1756 E North Ave

Bretton Terrace Apartments

2821 N Calvert St

1713 E Lafayette Ave

Trenton Art Garage

Guilford Hall Apartments
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
Homestead, Baltimore, MD Local Guide

How much does it cost to rent an apartment in Homestead?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Homestead Studio Apartments | $1,080 | $850 | $1,200 |
| Homestead 1 Bedroom Apartments | $1,117 | $600 | $1,500 |
| Homestead 2 Bedroom Apartments | $1,554 | $950 | $2,266 |
| Homestead 3 Bedroom Apartments | $2,557 | $1,100 | $3,145 |
| Homestead 4 Bedroom Apartments | $2,850 | $1,300 | $3,600 |
Browse Apartments in this Neighborhood
There are currently 50 rentals with your search options within a 1 mile radius of the Homestead Neighborhood of Baltimore, MD.
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Homestead, Baltimore, MD Local Guide
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Cheapest Available Homestead Apartments for Rent
 The cheapest available apartment rental in the Homestead area of Baltimore, MD is a 1 Bed unit found at Columbus School Limited Partnership priced from $720. Oak Hill Townhomes has the second lowest priced unit, which is a Studio apartment currently listed from $850. Here are the most affordable Homestead apartments for rent in Baltimore, MD:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Columbus School Limited Partnership | 1 Bedroom/1 Bath J | 1BR,1BA | $720 |
| Oak Hill Townhomes | 0BR/1.0BA | Studio,1BA | $850 |
| Queen Esther Apartments | 2 bedroom townhome | 2BR,1BA | $950 |
| Ednor Apartments I | One Bedroom | 1BR,1BA | $1,068 |
| City Arts 2 | Studio | Studio,1BA | $1,191 |
| Barclay Greenmount | 3 Bedroom | 3BR,1BA | $1,292 |
| 2821 N Calvert St | 1 Bed 1 Bath | 1BR,1BA | $1,300 |
Best Value Apartments for Rent in Homestead, MD
As of June 18, 2026 the best value apartment in the Homestead area is the $1.35 price per square foot 3bed/3Bath Model at Guilford Row in the in the Inner Harbor neighborhood starting from $2,595. The second greatest value Homestead apartment is the 3 Bedroom Model at Barclay Greenmount starting at $1,292 with a $0.99 price per square foot in the Inner Harbor neighborhood. Here is today’s list of the best values for Homestead apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Guilford Row | 3bed/3Bath | 3BR,3.5BA | $1.35 |
| Barclay Greenmount | 3 Bedroom | 3BR,1BA | $0.99 |
| 1504 Upshire Road - 8219 | 2BR/1.0BA | 2BR,1BA | $1.40 |
| Queen Esther Apartments | 2 bedroom townhome | 2BR,1BA | $1.05 |
| 407 E Lafayette Ave, Unit Apt A | 407 E Lafayette Ave | 1BR,1BA | $1.63 |
| 2503 N Calvert St, Unit 1 | 2503 N Calvert St | 1BR,1BA | $1.20 |
| City Arts 2 | Studio | Studio ,1BA | $1.75 |
| Ednor Apartments I | One Bedroom | 1BR,1BA | $1.64 |
| Columbus School Limited Partnership | 1 Bedroom/1 Bath B | 1BR,1BA | $1.47 |
| 124 E Trenton St, Unit 105 | 124 E Trenton St | 1BR,1BA | $2.03 |
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.
Read ArticleBeyond 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.
Read ArticleReal 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.
Read ArticleQuick 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.
Best Local Schools in Homestead, Baltimore, MD
School data provided by Great Schools
Frequently Asked Questions about Cheap Homestead Apartments
What is a cheap apartment in Homestead?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Homestead is under $1,300.
What is the price of a cheap apartment in Homestead?
The cheapest apartment in Homestead is Columbus School Limited Partnership which is listed at $720, while the average apartment in Homestead costs $3,600.
What types of apartments are the cheapest in Homestead?
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 8 regular apartments in Homestead 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 Homestead?
Cheap apartments in Homestead have an average cost of $933 which is $2,667 cheaper than the average rent for all rentals in Homestead.
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

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.

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.

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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.