
Cheap Apartments for Rent in the Homewood Neighborhood of Baltimore, MD from $700 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in the Homewood area of Baltimore.


Wyman Towers

Saint Paul Courts

Baltimorean Apartments

Guilford Manor

Jefferson House Apartments
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.

Carolina Apartments

3026 Saint Paul St

3002 Saint Paul St

Eden Hall

Charles Commons Residence Hall

2936 Saint Paul St
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.

2929 N Charles St

University West

Ambassador Apartments

100 West University Apartments

The Allston

The Charles 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.

Moon Palace
Homewood, Baltimore, MD Local Guide

How much does it cost to rent an apartment in Homewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Homewood Studio Apartments | $1,271 | $895 | $2,250 |
| Homewood 1 Bedroom Apartments | $1,445 | $995 | $2,260 |
| Homewood 2 Bedroom Apartments | $1,933 | $1,300 | $3,115 |
Browse Apartments in this Neighborhood
There are currently 19 rentals with your search options within a 2 mile radius of the Homewood Neighborhood of Baltimore, MD.
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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 $1,100. Here are the most affordable Homewood apartments for rent in Baltimore, MD:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Wyman Towers | 0BR/1.0BA | Studio,1BA | $1,050 |
| Broadview Apartments | Studio, 1 Bathroom | Studio,1BA | $1,100 |
| Baltimorean Apartments | 0BR/1.0BA | Studio,1BA | $1,150 |
| Jefferson House Apartments | Efficiency Renovated 1 | Studio,1BA | $1,175 |
| Carolina Apartments | 2BR/1.0BA | 2BR,1BA | $1,775 |
Best Value Apartments for Rent in Homewood, MD
As of April 27, 2026 the best value apartment in the Homewood area is the $1.51 price per square foot 2BR/1.0BA Model at Carolina Apartments in the in the Mid-Govans neighborhood starting from $1,775. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Carolina Apartments | 2BR/1.0BA | 2BR,1BA | $1.51 |
| The Academy on Charles | D1 | 4BR,4BA | $1.44 |
| Nine East 33rd | 2x2 | 2BR,2BA | $3.66 |
| Broadview Apartments | Studio, 1 Bathroom | Studio ,1BA | $2.23 |
| Baltimorean Apartments | 0BR/1.0BA | Studio ,1BA | $2.48 |
| Wyman Towers | 0BR/1.0BA | Studio ,1BA | $2.63 |
| Jefferson House Apartments | Efficiency Renovated 1 | Studio ,1BA | $4.52 |
Frequently Asked Questions about Cheap Homewood Apartments
What is a cheap apartment in Homewood?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Homewood is under $1,775.
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 $1,775.
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 6 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

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
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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
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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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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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Renting your next home can feel thrilling and overwhelming at the same time.