Cheap Apartments for Rent in the Penn North Neighborhood of Baltimore, MD from $400 (323 Rentals)

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

property at 2311 Anoka Ave

2311 Anoka Ave

BaltimoreMD21215

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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property at 7 N Carey St

7 N Carey St

BaltimoreMD21223

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Penn North, Baltimore, MD Local Guide

Cheapest Available Penn North Apartments for Rent

 

The cheapest available apartment rental in the Penn North area of Baltimore, MD is a 1 Bed unit found at Penn Square priced from $600. St Paul St 817 has the second lowest priced unit, which is a Studio apartment currently listed from $745. Here are the most affordable Penn North apartments for rent in Baltimore, MD:

Apartment ListingModel NameBed/BathPriced From
Penn Square1 bdr1BR,1BA$600
St Paul St 8170BR/1.0BAStudio,1BA$745
North Avenue Gateway2 bdr2BR,1BA$749
North Avenue Gateway II2 bdr2BR,1BA$751
Avon1 Beds, 1 Baths1BR,1BA$800
Oak Hill TownhomesStudio ApartmentStudio,1BA$830
Cathedral St 300Studio ApartmentStudio,1BA$849
Mt. Vernon PropertiesStudioStudio,1BA$850

Best Value Apartments for Rent in Penn North, MD

As of July 13, 2025 the best value apartment in the Penn North area is the $0.55 price per square foot 2030 Park Ave Model at 2030 Park Ave, Unit #1 in the in the Inner Harbor neighborhood starting from $1,900. The second greatest value Penn North apartment is the 30 E Preston St Model at 30 E Preston St, Unit B starting at $2,890 with a $1.00 price per square foot in the Inner Harbor neighborhood. Here is today’s list of the best values for Penn North apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2030 Park Ave, Unit #12030 Park Ave2BR,1BA$0.55
30 E Preston St, Unit B30 E Preston St3BR,3BA$1.00
324 Park Ave, Unit 324324 Park Ave4BR,2BA$0.98
Calvert Property1BR/1.0BA1BR,1BA$1.02
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
3306 Powhatan Ave, Unit 2nd floor south3306 Powhatan Ave1BR,1BA$1.02
Penn Square2 bdr2BR,1BA$0.80
North Avenue Gateway II2 bdr2BR,1BA$0.81

Quick Rent Budget Calculator

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Lifestyle Ratings

Our team works hard to bring you comprehensive Lifestyle Ratings of neighborhoods, cities, and rental properties across Maryland including Penn North, Baltimore, and the greater Baltimore area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and proximity to parks, transit availability, pet-friendly communities, apartment communities for the kids, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Penn North Neighborhood in Baltimore, MD

Walk Score®

80 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

67 / 100

Bikeable

Some bike infrastructure

Transit Score®

84 / 100

Excellent Transit

Transit is convenient for most trips

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 North Apartments

What is a cheap apartment in Penn North?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Penn North is under $850.

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

The cheapest apartment in Penn North is Penn Square which is listed at $600, while the average apartment in Penn North costs $3,095.

What types of apartments are the cheapest in Penn North?

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 190 regular apartments in Penn North 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 North?

Cheap apartments in Penn North have an average cost of $619 which is $2,476 cheaper than the average rent for all rentals in Penn North.

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 Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.