
Cheap Apartments for Rent in the Penn Fallsway Neighborhood of Baltimore, MD from $400 (289 Rentals)
Search the lowest-cost Apartments available for rent right now in the Penn Fallsway area of Baltimore.


888 W Lombard St

2115 N Charles St

The Tobee - Cathedral St 311 (19 W. Mulberry)

1763 Montpelier St

888 W Lombard St

837 N Fulton Ave

1421 S Carey St

888 W Lombard St

Total Monthly Price
812 Mangold St, Unit North bedroom
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.

Mt. Vernon Properties

1421 S Carey St

Oak Hill Townhomes

The Lyn

834 N Carey St, Unit 3

1720 McCulloh St, Unit 4

2726 Beryl Ave

7 S Carrollton Ave

Renaissance at Reservoir Hill

Total Monthly Price
20 N Carey St, Unit 3
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.

Hampton Court Apartments

1721 Guilford Ave

Total Monthly Price
314 N Calhoun St, Unit 1

Total Monthly Price
2708 Saint Paul St, Unit 2FF

Cathedral St 300

Westview on the Avenue

22 Light

15 E Read St

Saint Paul Regency

St Paul St 817
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.

Queen Esther Apartments

910 Edmondson Ave

Total Monthly Price
1718 McCulloh St, Unit 1

St James Place

Sharp Leadenhall Apartments

Live 501

Total Monthly Price
1820 Madison Ave, Unit Room 3F

EastView on the Avenue

Linden Park Apartments (Seniors 62+)

Total Monthly Price
1815 E 29th St, Unit 1
The Art of the Rental Viewing: What to look for during a property tour
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.

2572 McCulloh St

Total Monthly Price
Earl Court

The Calvert School Apartments

1507 Edmondson Ave

1918 McCulloh St

810 St Paul St

831 E Chase St

2026 Mt Royal Terrace

The James

936 N Calvert St
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Penn Fallsway, Baltimore, MD Local Guide

How much does it cost to rent an apartment in Penn Fallsway?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Penn Fallsway Studio Apartments | $1,544 | $600 | $6,000 |
| Penn Fallsway 1 Bedroom Apartments | $1,856 | $500 | $10,000+ |
| Penn Fallsway 2 Bedroom Apartments | $2,387 | $949 | $7,812 |
| Penn Fallsway 3 Bedroom Apartments | $2,516 | $1,040 | $5,720 |
| Penn Fallsway 4 Bedroom Apartments | $2,027 | $1,000 | $7,500 |
Browse Apartments in this Neighborhood
There are currently 289 rentals with your search options within a 2 mile radius of the Penn Fallsway Neighborhood of Baltimore, MD.
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Penn Fallsway, Baltimore, MD Local Guide
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Cheapest Available Penn Fallsway Apartments for Rent
 The cheapest available apartment rental in the Penn Fallsway area of Baltimore, MD is a 1 Bed unit found at Penn Square priced from $600. Oak Hill Townhomes has the second lowest priced unit, which is a Studio apartment currently listed from $825. Here are the most affordable Penn Fallsway apartments for rent in Baltimore, MD:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Penn Square | 1 bdr | 1BR,1BA | $600 |
| Oak Hill Townhomes | 0BR/1.0BA | Studio,1BA | $825 |
| Renaissance at Reservoir Hill | One Bedroom | 1BR,1BA | $880 |
| 22 Light | One Bedroom | 1BR,1BA | $915 |
| Saint Paul Regency | Studio apartment | Studio,1BA | $925 |
| Avon | 1 Beds, 1 Baths | 1BR,1BA | $925 |
| Printers Square Apartments | 1 Bedroom | 1BR,1BA | $933 |
| Queen Esther Apartments | 2 bedroom townhome | 2BR,1BA | $950 |
Best Value Apartments for Rent in Penn Fallsway, MD
As of March 01, 2026 the best value apartment in the Penn Fallsway area is the $0.96 price per square foot 1005 N Arlington Ave Model at 1005 N Arlington Ave, Unit Arlington A in the in the Inner Harbor neighborhood starting from $2,400. The second greatest value Penn Fallsway apartment is the 2026 Druid Hill Ave Model at 2026 Druid Hill Ave, Unit Unit 2 starting at $1,950 with a $0.85 price per square foot in the Inner Harbor neighborhood. Here is today’s list of the best values for Penn Fallsway apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1005 N Arlington Ave, Unit Arlington A | 1005 N Arlington Ave | 4BR,3BA | $0.96 |
| 2026 Druid Hill Ave, Unit Unit 2 | 2026 Druid Hill Ave | 3BR,3BA | $0.85 |
| HH Cresmont | 4 Bedroom / 2 Bathrooms (leased per bedroom) | 4BR,2BA | $0.66 |
| The Chateau and The Riviera | Riviera - Two Bedroom | 2BR,1BA | $1.13 |
| 1017 Hollins St | 1017 Hollins St | 1BR,1BA | $1.13 |
| Ashland Commons | Two-Bedroom | 2BR,2BA | $1.15 |
| 1720 McCulloh St, Unit 4 | 1720 McCulloh St | 1BR,1BA | $0.85 |
| 834 N Carey St, Unit 3 | 834 N Carey St | 1BR,1BA | $0.85 |
| Penn Square | 2 bdr | 2BR,1BA | $0.80 |
| Queen Esther Apartments | 2 bedroom townhome | 2BR,1BA | $1.05 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleBeyond 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestylePenn Fallsway, Baltimore, MD
Ranked #15
Among cities in Maryland for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving.com compiles millions of data points to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Penn Fallsway, Baltimore, and the greater Baltimore area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, kid and pet-friendly communities, availability of transit options, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Penn Fallsway Apartments
What is a cheap apartment in Penn Fallsway?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Penn Fallsway is under $950.
What is the price of a cheap apartment in Penn Fallsway?
The cheapest apartment in Penn Fallsway is Penn Square which is listed at $600, while the average apartment in Penn Fallsway costs $4,250.
What types of apartments are the cheapest in Penn Fallsway?
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 400 regular apartments in Penn Fallsway 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 Penn Fallsway?
Cheap apartments in Penn Fallsway have an average cost of $958 which is $3,292 cheaper than the average rent for all rentals in Penn Fallsway.
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

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.