Cheap Apartments for Rent in the Locust Point Neighborhood of Baltimore, MD from $500 (128 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Locust Point area of Baltimore.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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property at 301 W Franklin St

$1,300 - $1,650

Studio To 1 Bedroom Rentals

Available Jan 27

301 W Franklin St

BaltimoreMD21201

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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Showing Results 1-50, Page 1 of 3

Locust Point, Baltimore, MD Local Guide

Cheapest Available Locust Point Apartments for Rent

 

The cheapest available apartment rental in the Locust Point area of Baltimore, MD is a 1 Bed unit found at 22 Light priced from $915. Highlandtown Plaza Co-op Apartments 62+ has the second lowest priced unit, which is a 1 Bed apartment currently listed from $923. Here are the most affordable Locust Point apartments for rent in Baltimore, MD:

Apartment ListingModel NameBed/BathPriced From
22 LightOne Bedroom1BR,1BA$915
Highlandtown Plaza Co-op Apartments 62+Standard1BR,1BA$923
Vivo Living BaltimorePETITES - The Petite Studio - SStudio,1BA$939
Sharp Leadenhall ApartmentsThe Caroline1BR,1BA$968
Live 501S1AStudio,1BA$970
Mulberry at ParkOne Bedroom1BR,1BA$1,009
500 W Fayette St.Lexington7BR,4BA$1,032
Middle Branch Manor1 Bedroom Back1BR,1BA$1,059

Best Value Apartments for Rent in Locust Point, MD

As of January 27, 2026 the best value apartment in the Locust Point area is the $1.22 price per square foot 1404 E Baltimore St Model at 1404 E Baltimore St, Unit 300 in the in the Inner Harbor neighborhood starting from $1,740. The second greatest value Locust Point apartment is the 2BR/2.0BA Model at For Rent: Modern Luxury Living at 1201 S. Charles St– Your City Oasis Awaits! starting at $1,895 with a $1.48 price per square foot in the Inner Harbor neighborhood. Here is today’s list of the best values for Locust Point apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1404 E Baltimore St, Unit 3001404 E Baltimore St3BR,2.5BA$1.22
For Rent: Modern Luxury Living at 1201 S. Charles St– Your City Oasis Awaits!2BR/2.0BA2BR,2BA$1.48
Patterson Park ApartmentsTwo Bedroom2BR,2BA$1.60
222 SaratogaMarylander1BR,1BA$1.40
19 E Fayette StOne Bedroom1BR,1BA$1.33
Mulberry at ParkThree Bedroom3BR,2BA$1.46
500 W Fayette St.4BR/2.0BA4BR,2BA$1.46
3129 Eastern Ave, Unit Basement3129 Eastern Ave1BR,1BA$1.54
Howard Row0BR/1.0BAStudio ,1BA$1.65
22 LightOne Bedroom1BR,1BA$1.44

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

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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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Best Local Schools in
Locust Point, Baltimore, MD

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities across the United States, including Baltimore. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, kid and pet-friendly communities, availability of transit options, and more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Locust Point Apartments

What is a cheap apartment in Locust Point?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Locust Point is under $1,059.

What is the price of a cheap apartment in Locust Point?

The cheapest apartment in Locust Point is 22 Light which is listed at $915, while the average apartment in Locust Point costs $2,450.

What types of apartments are the cheapest in Locust Point?

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 384 regular apartments in Locust Point 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 Locust Point?

Cheap apartments in Locust Point have an average cost of $940 which is $1,510 cheaper than the average rent for all rentals in Locust Point.

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

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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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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.

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Articles, How-To's, and Tips

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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.

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