Cheap Apartments for Rent in the Homewood Neighborhood of Baltimore, MD from $700 (19 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Homewood area of 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.

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3002 Saint Paul St
Studio to 2 Bedroom Apartments

3002 Saint Paul St

3002 Saint Paul StBaltimore, MD 21218
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Eden Hall
2 Bedroom Apartments

Eden Hall

3401 GreenwayBaltimore, MD 21218

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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2929 N Charles St
1 Bedroom Apartments

2929 N Charles St

2929 N Charles StBaltimore, MD 21218
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University West
1 to 4 Bedroom Apartments

University West

104-106 W University PkyBaltimore, MD 21210
Student Housing
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Ambassador Apartments
Studio to 2 Bedroom Apartments

Ambassador Apartments

3811 Canterbury RdBaltimore, MD 21218
Student Housing
  • Utilities Included
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The Allston
Studio to 3 Bedroom Apartments

The Allston

3111 N Charles StBaltimore, MD 21218
  • Utilities Included
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The Charles Apartments
Studio to 2 Bedroom Apartments

The Charles Apartments

3333 N Charles StBaltimore, MD 21218
Student Housing

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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Moon Palace
Studio to 2 Bedroom Apartments

Moon Palace

4-6 E 30th StBaltimore, MD 21218
  • Utilities Included

Cheapest Available Homewood Apartments for Rent

 

The cheapest available apartment rental in the Homewood area of Baltimore, MD is a Studio unit found at Wyman Towers priced from $1,050. Broadview Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,115. Here are the most affordable Homewood apartments for rent in Baltimore, MD:

Apartment ListingModel NameBed/BathPriced From
Wyman Towers0BR/1.0BAStudio,1BA$1,050
Broadview ApartmentsStudio, 1 BathroomStudio,1BA$1,115
Carolina Apartments2BR/1.0BA2BR,1BA$1,725

Best Value Apartments for Rent in Homewood, MD

As of June 11, 2026 the best value apartment in the Homewood area is the $1.47 price per square foot 2BR/1.0BA Model at Carolina Apartments in the in the Mid-Govans neighborhood starting from $1,725. The second greatest value Homewood apartment is the D1 Model at The Academy on Charles starting at $1,560 with a $1.44 price per square foot in the Mid-Govans neighborhood. Here is today’s list of the best values for Homewood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Carolina Apartments2BR/1.0BA2BR,1BA$1.47
The Academy on CharlesD14BR,4BA$1.44
Nine East 33rd2x1 (leased per bedroom)2BR,1BA$2.55
Broadview ApartmentsStudio, 1 BathroomStudio ,1BA$2.26
Wyman Towers0BR/1.0BAStudio ,1BA$3.82

Frequently Asked Questions about Cheap Homewood Apartments

What is the price of a cheap apartment in Homewood?

The cheapest apartment in Homewood is Wyman Towers which is listed at $1,325, while the average apartment in Homewood costs $1,725.

What types of apartments are the cheapest in Homewood?

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 2 regular apartments in Homewood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

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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.

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 How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

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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.

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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.

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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.