Cheap Apartments for Rent in the Locust Point Neighborhood of Baltimore, MD from $500 (133 Rentals)

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

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property at 301 W Franklin St

$1,300 - $1,650

Studio To 1 Bedroom Rentals

Available Now

301 W Franklin St

BaltimoreMD21201

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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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Highland Haus
Rent Specials
$1,358 - $2,345
Total Monthly Price

Total Monthly Price

Base Rent
$1,358 - $2,345
Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Highland Haus

3232 Eastern AveBaltimore, MD 21224
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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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
Live 501S1AStudio,1BA$970
Guardian HouseStudioStudio,1BA$999
Vision on LombardA1Studio,1BA$1,060
The Apartments at Charles PlazaCharles Towers StudioStudio,1BA$1,077
St James PlaceNoraStudio,1BA$1,080

Best Value Apartments for Rent in Locust Point, MD

As of March 14, 2026 the best value apartment in the Locust Point area is the $1.13 price per square foot 409 S Spring St Model at 409 S Spring St, Unit #3 in the in the Fells Point neighborhood starting from $2,200. The second greatest value Locust Point apartment is the 1736 Light St Model at 1736 Light St, Unit A starting at $2,100 with a $1.35 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.
409 S Spring St, Unit #3409 S Spring St3BR,3BA$1.13
1736 Light St, Unit A1736 Light St2BR,1BA$1.35
1709 Bank St, Unit 21709 Bank St2BR,1BA$1.43
19 E Fayette StOne Bedroom1BR,1BA$1.33
Howard Row2BR/1.0BA2BR,1BA$1.48
THE PORTLAND APARTMENTS2BR/2.0BA2BR,2BA$1.58
Chesapeake Commons1x11BR,1BA$1.56
Mulberry at ParkOne Bedroom1BR,1BA$1.60
3129 Eastern Ave, Unit Basement3129 Eastern Ave1BR,1BA$1.54
22 LightOne Bedroom1BR,1BA$1.44

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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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Best Local Schools in
Locust Point, Baltimore, MD

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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 $1,080.

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 $3,928.

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 474 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 $1,288 which is $2,640 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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Written by: Bob Mallory

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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.