Cheap Apartments for Rent in the Penn Fallsway Neighborhood of Baltimore, MD from $400 (263 Rentals)

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

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property at 817 N Carey St

817 N Carey St

BaltimoreMD21217
property at 2572 McCulloh St

2572 McCulloh St

BaltimoreMD21217

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

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property at 307 Dolphin St

307 Dolphin St

BaltimoreMD21217

The Art of the Rental Viewing: What to look for during a property tour

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Penn Fallsway, Baltimore, MD Local Guide

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 Mary Harvin House priced from $575. Penn Square has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here are the most affordable Penn Fallsway apartments for rent in Baltimore, MD:

Apartment ListingModel NameBed/BathPriced From
Mary Harvin House1 bdr1BR,1BA$575
Penn Square1 bdr1BR,1BA$600
Columbus School1 bdr1BR,1BA$701
Oak Hill TownhomesStudio ApartmentStudio,1BA$830
Avon1 Beds, 1 Baths1BR,1BA$850
Vivo Living BaltimoreThe Petite StudioStudio,1BA$875
1018 N Calvert StStudioStudio,1BA$900
1017 Saint Paul St0 Beds, 1 BathsStudio,1BA$900

Best Value Apartments for Rent in Penn Fallsway, MD

As of September 15, 2025 the best value apartment in the Penn Fallsway area is the $0.73 price per square foot The Hall Model at The Hamlet Lofts in the in the Canton neighborhood starting from $2,850. The second greatest value Penn Fallsway apartment is the 2 bedroom, 2.5 bathroom Model at 1118 S Charles St starting at $2,100 with a $1.05 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Hamlet LoftsThe Hall3BR,2BA$0.73
1118 S Charles St2 bedroom, 2.5 bathroom2BR,2.5BA$1.05
800 E North Ave, Unit B800 E North Ave3BR,1BA$1.03
Prosper On FayetteThe Belvedere4BR,4BA$0.88
Calvert Property1BR/1.0BA1BR,1BA$1.00
Renaissance at Reservoir HillTwo Bedrooms One Bath2BR,1BA$0.81
834 N Carey St, Unit 3834 N Carey St1BR,1BA$0.85
1720 McCulloh St, Unit 41720 McCulloh St1BR,1BA$0.85
Penn Square2 bdr2BR,1BA$0.80
Mary Harvin House1 bdr1BR,1BA$0.83

Quick 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.

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Pet Friendly Lifestyle
Penn Fallsway, Baltimore, MD

Ranked #19

Among cities in Maryland for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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!

Getting Around the Penn Fallsway Neighborhood in Baltimore, MD

Walk Score®

91 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

81 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

100 / 100

Rider’s Paradise

World-class public transportation

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $900.

What is the price of a cheap apartment in Penn Fallsway?

The cheapest apartment in Penn Fallsway is Mary Harvin House which is listed at $575, while the average apartment in Penn Fallsway costs $2,820.

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 287 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 $747 which is $2,073 cheaper than the average rent for all rentals in Penn Fallsway.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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 The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.