Cheap Apartments for Rent in the Penn Fallsway Neighborhood of Baltimore, MD from $400 (279 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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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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property at 2572 McCulloh St

$995 - $1,350

1 To 4 Bedroom Rentals

Available Now

2572 McCulloh St

BaltimoreMD21217

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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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.

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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.

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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 2 Beds unit found at Penn Square I priced from $797. 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 ListingModel NameBed/BathPriced From
Penn Square I2 Bedroom/1 Bath B2BR,1BA$797
Oak Hill Townhomes0BR/1.0BAStudio,1BA$825
Renaissance at Reservoir HillOne Bedroom1BR,1BA$880
HI-1001 W Lafayette Ave1/11BR,1BA$900
Hampton Court ApartmentsOne Bedroom1BR,1BA$900
22 LightOne Bedroom1BR,1BA$915
Saint Paul RegencyStudio apartmentStudio,1BA$925
Avon1 Beds, 1 Baths1BR,1BA$925

Best Value Apartments for Rent in Penn Fallsway, MD

As of April 16, 2026 the best value apartment in the Penn Fallsway area is the $1.10 price per square foot 836 Park Ave Model at 836 Park Ave, Unit Penthouse w-Roof-Top Deck in the in the Inner Harbor neighborhood starting from $3,250. The second greatest value Penn Fallsway apartment is the 2026 Druid Hill Ave Model at 2026 Druid Hill Ave, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
836 Park Ave, Unit Penthouse w-Roof-Top Deck836 Park Ave2BR,2.5BA$1.10
2026 Druid Hill Ave, Unit 22026 Druid Hill Ave3BR,3BA$0.85
1034 S Charles St, Unit 10341034 S Charles St2BR,2BA$1.09
HH Cresmont4 Bedroom / 2 Bathrooms (leased per bedroom)4BR,2BA$0.67
1719 Saint Paul St1719 Saint Paul St1BR,1BA$1.08
1720 McCulloh St, Unit 41720 McCulloh St2BR,1BA$1.00
1718 McCulloh St, Unit 11718 McCulloh St1BR,1BA$0.95
1716 McCulloh St, Unit 21716 McCulloh StStudio ,1BA$0.88
Queen Esther Apartments2 bedroom townhome2BR,1BA$1.05
Penn Square I1 Bedroom/1 Bath A1BR,1BA$1.09

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The 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.

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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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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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Quick Rent Budget Calculator

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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 #16

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 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 $925.

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

The cheapest apartment in Penn Fallsway is Penn Square I which is listed at $797, 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 321 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 $994 which is $3,256 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

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 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.

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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.

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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.