Cheap Apartments for Rent in the Penn Fallsway Neighborhood of Baltimore, MD from $400 (298 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Penn Fallsway 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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property at 710 N Fulton Ave

$750 - $1,100

1 To 2 Bedroom Rentals

Available Now

710 N Fulton Ave

BaltimoreMD21217
property at 210 N Mount St

$800 - $1,350

1 To 2 Bedroom Rentals

Available Now

210 N Mount St

BaltimoreMD21223

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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834 N Carey St, Unit 3
$850
Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850
1 Bedroom Apartment Available Now

834 N Carey St, Unit 3

834 N Carey StBaltimore, MD 21217
Cost Per Sq.Ft.

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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property at 1108 N Bond St

$950 - $1,150

1 To 2 Bedroom Rentals

Available Now

1108 N Bond St

BaltimoreMD21213

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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property at 2572 McCulloh St

$995 - $1,350

1 To 4 Bedroom Rentals

Available Now

2572 McCulloh St

BaltimoreMD21217
property at 2213 Belair Rd

$1,000 - $1,100

1 To 2 Bedroom Rentals

Available Now

2213 Belair Rd

BaltimoreMD21213

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-50, Page 1 of 6

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 Columbus School Limited Partnership priced from $720. Mulberry at Park has the second lowest priced unit, which is a 3 Beds apartment currently listed from $739. Here are the most affordable Penn Fallsway apartments for rent in Baltimore, MD:

Apartment ListingModel NameBed/BathPriced From
Columbus School Limited Partnership1 Bedroom/1 Bath J1BR,1BA$720
Mulberry at ParkThree Bedroom3BR,2BA$739
1224 St Paul St0 Beds, 1 BathsStudio,1BA$795
Penn Square I1 Bedroom/1 Bath A1BR,1BA$797
1908 Aliceanna St.0BR/1.0BAStudio,1BA$800
221-223 E Preston St0 Beds, 1 BathsStudio,1BA$850
Oak Hill Townhomes0BR/1.0BAStudio,1BA$850
Renaissance at Reservoir HillOne Bedroom1BR,1BA$880
2629 N Charles St0 Beds, 1 BathsStudio,1BA$899

Best Value Apartments for Rent in Penn Fallsway, MD

As of July 15, 2026 the best value apartment in the Penn Fallsway area is the $1.04 price per square foot Unit 401 Model at The Brown's Loft in the in the Inner Harbor neighborhood starting from $1,590. The second greatest value Penn Fallsway apartment is the 1016 S Charles St Model at 1016 S Charles St, Unit 2 starting at $1,599 with a $1.07 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 Brown's LoftUnit 4012BR,1.5BA$1.04
1016 S Charles St, Unit 21016 S Charles St3BR,1BA$1.07
446 N Linwood Ave446 N Linwood Ave1BR,1BA$1.08
1017 Hollins St1017 Hollins St1BR,1BA$1.04
The Chateau and The RivieraRiviera - Two Bedroom2BR,1BA$1.13
Union Rowe2 Bedroom2BR,1BA$1.10
834 N Carey St, Unit 3834 N Carey St1BR,1BA$0.85
Queen Esther Apartments2 bedroom townhome2BR,1BA$1.05
Printers Square Apartments1 Bedroom1BR,1BA$1.13
Penn Square I1 Bedroom/1 Bath A1BR,1BA$1.09

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.

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Beyond 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.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 #9

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!

Frequently Asked Questions about Cheap Penn Fallsway Apartments

What is the Cheapest Studio apartment in Penn Fallsway?

Currently the most affordable Cheap Studio Apartment in Penn Fallsway is at 1224 St Paul St listed at $795.

How much is rent for a Cheap One Bedroom Penn Fallsway Apartment?

The lowest price for a Cheap One Bedroom Penn Fallsway Apartment is $720 at Columbus School Limited Partnership.

What is the lowest price for a Cheap Two Bedroom Penn Fallsway Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Penn Fallsway is starting from $950 at Queen Esther Apartments.

What is the most affordable Penn Fallsway Three Bedroom Apartment?

The best deal on a cheap Penn Fallsway Three Bedroom Apartment rental is at Mulberry at Park and starts from $739.

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.

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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 Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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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.