
Cheap Homes for Rent in Panway Neighborhood of Baltimore, MD from $500 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Panway area of Baltimore.


2933 Presstman St

2311 Anoka Ave

3113 Presbury St

1211 Poplar Grove St

1615 N Ellamont St
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.

2933 Presstman St

1211 Poplar Grove St

1633 N Payson St

2311 Anoka Ave

3011 Garrison Blvd

3512 Holmes Ave
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.
Panway, Baltimore, MD Local Guide

How much does it cost to rent a home in Panway?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Panway 2 Bedroom Homes for Rent | $1,418 | $900 | $1,800 |
| Panway 3 Bedroom Homes for Rent | $1,764 | $1,199 | $2,500 |
| Panway 4 Bedroom Homes for Rent | $1,966 | $550 | $3,280 |
| Panway 5 Bedroom Homes for Rent | $2,050 | $2,050 | $2,050 |
Browse Homes for Rent in this Neighborhood
There are currently 12 rentals with your search options within a 1 mile radius of the Panway Neighborhood of Baltimore, MD.
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| North Avenue Gateway II | 1 Bedroom/1 Bath C | 1BR,1BA | $745 |
| Penn Square I | 2 Bedroom/1 Bath B | 2BR,1BA | $797 |
| Midtown at Coppin Heights | 1 Bed 1 Bath | 1BR,1BA | $995 |
| The Eleanor | 1BR/1.0BA | 1BR,1BA | $1,199 |
| Elgin Townhomes | 2BR/1.0BA | 2BR,1BA | $1,250 |
Best Value Apartments for Rent in Panway, MD
As of April 26, 2026 the best value apartment in the Panway area is the $1.00 price per square foot 3404 Alto Rd Model at 3404 Alto Rd, Unit 2nd floor in the in the Burleith-Leighton neighborhood starting from $1,400. The second greatest value Panway apartment is the 3b_r Model at Ashburton starting at $1,399 with a $1.37 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 3404 Alto Rd, Unit 2nd floor | 3404 Alto Rd | 2BR,1BA | $1.00 |
| Ashburton | 3b_r | 3BR,1BA | $1.37 |
| Northwest Townhomes | The Axis | 2BR,1BA | $1.27 |
| Elgin Townhomes | 2BR/1.0BA | 2BR,1BA | $1.25 |
| Walbrook Mill Apartments | 2 Bedroom | 2BR,1BA | $1.55 |
| Midtown at Coppin Heights | 2 Bed 1 Bath | 2BR,1BA | $1.34 |
| Penn Square I | 1 Bedroom/1 Bath A | 1BR,1BA | $1.09 |
| 3609 W Forest Park Ave, Unit #2 | 3609 W Forest Park Ave | 1BR,1BA | $1.63 |
| North Avenue Gateway II | 1 Bedroom/1 Bath D | 1BR,1BA | $1.36 |
| The Eleanor | 1BR/1.0BA | 1BR,1BA | $4.00 |
Frequently Asked Questions about Panway
What type of rentals are currently available in Panway?
There are currently 129 Apartments for Rent in Panway, MD with pricing that ranges from $700 to $2,500. There are also 70 Single Family Homes for rent, Condos, and Townhome rentals currently available in Panway ranging from $550 to $3,280.
What is the current price range for Rental Homes in Panway?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Panway ranges from $550 to $3,280 with an average monthly rent of $1,600.
How much are larger Three and Four Bedroom Rentals in Panway?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Panway range from $1,418 to $1,475, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,199 to $2,500. Four Bedroom Single-Family rentals are also available starting from $550 and Four Bedroom Apartments start at $1,565.
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

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.

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.

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

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.

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.

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.