Cheap Apartments for Rent in the Panway Neighborhood of Baltimore, MD from $500 (40 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Panway 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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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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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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3320 Presstman St
1 to 2 Bedroom Apartments

3320 Presstman St

3320 Presstman StBaltimore, MD 21216
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Pangea Oaks
1 to 3 Bedroom Apartments

Pangea Oaks

2908-2910 Garrison BlvdBaltimore, MD 21216
  • Utilities Included
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3302 Clifton Ave
2 to 3 Bedroom Apartments

3302 Clifton Ave

3302-3306 Clifton AveBaltimore, MD 21216
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3512 Clifton Ave
2 Bedroom Apartments

3512 Clifton Ave

3512-3516 Clifton AveBaltimore, MD 21216

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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2210 Roslyn Ave
1 to 2 Bedroom Apartments

2210 Roslyn Ave

2210 Roslyn AveBaltimore, MD 21216
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Parkway Overlook
1 to 3 Bedroom Apartments

Parkway Overlook

1610 Hilton StBaltimore, MD 21216
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2905 Garrison Blvd
2 Bedroom Apartments

2905 Garrison Blvd

2905 Garrison BlvdBaltimore, MD 21216
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Alto Road Complex
1 to 2 Bedroom Apartments

Alto Road Complex

2609 Garrison BlvdBaltimore, MD 21216
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Parkside Manor
1 to 2 Bedroom Apartments

Parkside Manor

2910 Reisterstown RdBaltimore, MD 21215
  • Utilities Included

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 1-40, Page 1 of 1

Cheapest Available Panway Apartments for Rent

 

The cheapest available apartment rental in the Panway area of Baltimore, MD is a 1 Bed unit found at North Avenue Gateway II priced from $745. Penn Square I has the second lowest priced unit, which is a 2 Beds apartment currently listed from $797. Here are the most affordable Panway apartments for rent in Baltimore, MD:

Apartment ListingModel NameBed/BathPriced From
North Avenue Gateway II1 Bedroom/1 Bath C1BR,1BA$745
Penn Square I2 Bedroom/1 Bath B2BR,1BA$797
2210 Roslyn Ave1BR/1.0BA1BR,1BA$999
The Eleanor1BR/1.0BA1BR,1BA$1,199
Elgin Townhomes2BR/1.0BA2BR,1BA$1,250
3407 Elgin Ave2 Beds, 1 Baths2BR,1BA$1,250
Walbrook Mill Apartments2 Bedroom2BR,1BA$1,300

Best Value Apartments for Rent in Panway, MD

As of June 15, 2026 the best value apartment in the Panway area is the $0.69 price per square foot 3213 Dorchester Rd Model at 3213 Dorchester Rd, Unit 2 in the in the Burleith-Leighton neighborhood starting from $1,850. The second greatest value Panway apartment is the 2920 Auchentoroly Ter Model at 2920 Auchentoroly Ter, Unit A2 starting at $1,700 with a $0.89 price per square foot in the Druid Hill Park neighborhood. Here is today’s list of the best values for Panway apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3213 Dorchester Rd, Unit 23213 Dorchester Rd2BR,1BA$0.69
2920 Auchentoroly Ter, Unit A22920 Auchentoroly Ter2BR,1BA$0.89
Elgin Townhomes2BR/1.0BA2BR,1BA$1.25
Walbrook Mill Apartments2 Bedroom2BR,1BA$1.55
3407 Elgin Ave2 Beds, 1 Baths2BR,1BA$1.56
Penn Square I1 Bedroom/1 Bath A1BR,1BA$1.09
3609 W Forest Park Ave, Unit #23609 W Forest Park Ave1BR,1BA$1.48
North Avenue Gateway II1 Bedroom/1 Bath A1BR,1BA$1.46
2210 Roslyn Ave1BR/1.0BA1BR,1BA$1.67
The Eleanor1BR/1.0BA1BR,1BA$4.00

Frequently Asked Questions about Cheap Panway Apartments

What is the price of a cheap apartment in Panway?

The cheapest apartment in Panway is North Avenue Gateway II which is listed at $745, while the average apartment in Panway costs $1,312.

What types of apartments are the cheapest in Panway?

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 7 regular apartments in Panway 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.

decorative image for Beyond the Classroom: Discovering Baltimores Best Student Friendly Neighborhoods article

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.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

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.