Cheap Apartments for Rent in the Panway Neighborhood of Baltimore, MD from $600 (27 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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.

property at 1615 N Ellamont St

$650

Total Monthly Price

Total Monthly Price

Base Rent
$650

Total Monthly Price
$650

1 Bedroom, 2 Bath Home for Rent

Available Now

1615 N Ellamont St

BaltimoreMD21216

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.

close
View Me
Penn Square I
1 to 3 Bedroom Apartments

Penn Square I

2632 Pennsylvania AveBaltimore, MD 21217

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.

close
View Me
3320 Presstman St
1 to 2 Bedroom Apartments

3320 Presstman St

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

Pangea Oaks

2908-2910 Garrison BlvdBaltimore, MD 21216
  • Utilities Included

Charm City Commute: The Best Baltimore Neighborhoods for Renting Near Top Employers

Explore the best places to live in Baltimore, from Charles Village to Fells Point, with a guide for employees of the city's major employers.

close
View Me
3302 Clifton Ave
2 to 3 Bedroom Apartments

3302 Clifton Ave

3302-3306 Clifton AveBaltimore, MD 21216
  • Utilities Included
close
View Me
3512 Clifton Ave
2 Bedroom Apartments

3512 Clifton Ave

3512-3516 Clifton AveBaltimore, MD 21216
close
View Me
Parkway Overlook
1 to 3 Bedroom Apartments

Parkway Overlook

1610 Hilton StBaltimore, MD 21216
  • Utilities Included

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
The Eleanor1BR/1.0BA1BR,1BA$1,199
Elgin Townhomes2BR/1.0BA2BR,1BA$1,250
Northwest TownhomesThe Axis2BR,1BA$1,280
Ashburton3b3BR,1BA$1,300
Walbrook Mill Apartments2 Bedroom2BR,1BA$1,300

Best Value Apartments for Rent in Panway, MD

As of April 30, 2026 the best value apartment in the Panway area is the $1.37 price per square foot 3b_r Model at Ashburton in the in the Burleith-Leighton neighborhood starting from $1,399. The second greatest value Panway apartment is the The Axis Model at Northwest Townhomes starting at $1,280 with a $1.27 price per square foot in the Burleith-Leighton 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.
Ashburton3b_r3BR,1BA$1.37
Northwest TownhomesThe Axis2BR,1BA$1.27
Elgin Townhomes2BR/1.0BA2BR,1BA$1.25
Walbrook Mill Apartments2 Bedroom2BR,1BA$1.55
Penn Square I1 Bedroom/1 Bath A1BR,1BA$1.09
3609 W Forest Park Ave, Unit #23609 W Forest Park Ave1BR,1BA$1.63
North Avenue Gateway II1 Bedroom/1 Bath D1BR,1BA$1.36
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 $1,565.

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 3 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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

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.