Cheap Homes for Rent in Penn Fallsway Neighborhood of Baltimore, MD from $500 (101 Rentals)

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

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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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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

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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 #19

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Penn Fallsway

What type of rentals are currently available in Penn Fallsway?

There are currently 1575 Apartments for Rent in Penn Fallsway, MD with pricing that ranges from $600 to $8,000. There are also 537 Single Family Homes for rent, Condos, and Townhome rentals currently available in Penn Fallsway ranging from $550 to $11,000.

What is the current price range for Rental Homes in Penn Fallsway?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Penn Fallsway ranges from $550 to $11,000 with an average monthly rent of $2,199.

How much are larger Three and Four Bedroom Rentals in Penn Fallsway?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Penn Fallsway range from $1,094 to $5,495, while Three Bedroom Homes, Condos, and Townhomes for rent range from $700 to $8,500. Four Bedroom Single-Family rentals are also available starting from $750 and Four Bedroom Apartments start at $1,175.

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.

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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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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.

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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.