Cheap Apartments for Rent in the Locust Point Neighborhood of Baltimore, MD from $500 (149 Rentals)

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

property at 219 Penn St

$695 - $720

Total Monthly Price

Total Monthly Price

Base Rent
$695 - $720
Total Monthly Price
$695 - $720

1 Bedroom, 1 Bath Townhome for Rent

Available Now

219 Penn St

BaltimoreMD21230
property at 2926 E Fayette St

$750 - $2,650

Total Monthly Price

Total Monthly Price

Base Rent
$750 - $2,650
Total Monthly Price
$750 - $2,650

1 To 5 Bedroom Townhomes for Rent

Available Now

2926 E Fayette St

BaltimoreMD21224
property at 646 W Conway St

$750 - $765

1 Bedroom, 1 Bath Townhome for Rent

Available Now

646 W Conway St

BaltimoreMD21230

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

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

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property at 500 N Rose St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

3 Bedroom, 2 Bath Townhome for Rent

Available Now

500 N Rose St

BaltimoreMD21205

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.

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property at 111 N Bethel St

$1,250 - $2,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,250 - $2,600
Total Monthly Price
$1,250 - $2,600

1 To 2 Bedroom Townhomes for Rent

Available Aug 1

111 N Bethel St

BaltimoreMD21231

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.

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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 3 Beds unit found at Mulberry at Park priced from $739. Live 501 has the second lowest priced unit, which is a Studio apartment currently listed from $970. Here are the most affordable Locust Point apartments for rent in Baltimore, MD:

Apartment ListingModel NameBed/BathPriced From
Mulberry at ParkThree Bedroom3BR,2BA$739
Live 501S1AStudio,1BA$970
Phoenix on ParkStudioStudio,1BA$1,050
The Apartments at Charles PlazaCharles Towers StudioStudio,1BA$1,050
St James PlaceNoraStudio,1BA$1,080
Vision on LombardA1Studio,1BA$1,085
VIVO Living BaltimoreThe Petite StudioStudio,1BA$1,099
611 Park AvenueStudioStudio,1BA$1,175
Middle Branch Manor2 Bedroom Back2BR,1BA$1,189

Best Value Apartments for Rent in Locust Point, MD

As of June 12, 2026 the best value apartment in the Locust Point area is the $0.85 price per square foot Four Bedroom Model at Riverfront in the in the South Baltimore neighborhood starting from $2,036. The second greatest value Locust Point apartment is the 403 N Charles St Model at 403 N Charles St, Unit Suite 300 starting at $3,250 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.
RiverfrontFour Bedroom4BR,3BA$0.85
403 N Charles St, Unit Suite 300403 N Charles St3BR,2.5BA$1.35
3001 Hudson St3001 Hudson St2BR,2BA$1.23
511 Rappolla St, Unit Bayview hospital511 Rappolla St2BR,1BA$0.73
446 N Linwood Ave446 N Linwood Ave2BR,1BA$1.25
The Brown's LoftUnit 5012BR,2BA$1.33
500 W Fayette St.2BR/2.0BA2BR,2BA$1.57
19 E Fayette StOne Bedroom1BR,1BA$1.57
Chesapeake Commons1x11BR,1BA$1.56
Mulberry at ParkOne Bedroom1BR,1BA$1.19

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

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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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Real 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.

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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 $1,189.

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

The cheapest apartment in Locust Point is Mulberry at Park which is listed at $1,009, while the average apartment in Locust Point costs $3,889.

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 340 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 $1,344 which is $2,545 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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Charm City Commute: The Best Baltimore Neighborhoods for Renting Near Top Employers

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Articles, How-To's, and Tips

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

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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

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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.