Cheap Apartments for Rent in the Penn North Neighborhood of Baltimore, MD from $400 (299 Rentals)

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

$650 - $1,300

1 To 2 Bedroom Rentals

Available Now

710 N Fulton Ave

BaltimoreMD21217

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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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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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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 3 Beds unit found at Mulberry at Park priced from $739. North Avenue Gateway II has the second lowest priced unit, which is a 1 Bed apartment currently listed from $745. Here are the most affordable Penn North apartments for rent in Baltimore, MD:

Apartment ListingModel NameBed/BathPriced From
Mulberry at ParkThree Bedroom3BR,2BA$739
North Avenue Gateway II1 Bedroom/1 Bath C1BR,1BA$745
Penn Square I2 Bedroom/1 Bath B2BR,1BA$797
809 Park Ave0 Beds, 1 BathsStudio,1BA$800
Oak Hill Townhomes0BR/1.0BAStudio,1BA$850
1224 St Paul St0 Beds, 1 BathsStudio,1BA$850
221-223 E Preston St0 Beds, 1 BathsStudio,1BA$850
Ashburton Woods ApartmentsOne Bedroom/1 Bath1BR,1BA$855
2931 N Charles St0 Beds, 1 BathsStudio,1BA$875
Renaissance at Reservoir HillOne Bedroom1BR,1BA$880

Best Value Apartments for Rent in Penn North, MD

As of June 19, 2026 the best value apartment in the Penn North area is the $0.89 price per square foot 2920 Auchentoroly Ter Model at 2920 Auchentoroly Ter, Unit A2 in the in the Druid Hill Park neighborhood starting from $1,700. The second greatest value Penn North apartment is the 4 Bedroom / 2 Bathrooms (leased per bedroom) Model at HH Cresmont starting at $1,079 with a $0.67 price per square foot in the Burleith-Leighton 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.
2920 Auchentoroly Ter, Unit A22920 Auchentoroly Ter2BR,1BA$0.89
HH Cresmont4 Bedroom / 2 Bathrooms (leased per bedroom)4BR,2BA$0.67
Barclay Greenmount3 Bedroom3BR,1BA$0.99
The Chateau and The RivieraRiviera - Two Bedroom2BR,1BA$1.13
1017 Hollins St1017 Hollins St1BR,1BA$1.04
Ashburton Woods ApartmentsTwo Bedroom/1 Bath2BR,1BA$1.00
313 W Madison St, Unit DUPLEX313 W Madison St2BR,1BA$1.20
Mulberry at ParkOne Bedroom1BR,1BA$1.19
Renaissance at Reservoir HillOne Bedroom1BR,1BA$1.15
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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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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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!

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 $880.

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

The cheapest apartment in Penn North is North Avenue Gateway II which is listed at $745, while the average apartment in Penn North costs $3,820.

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 305 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 $1,000 which is $2,820 cheaper than the average rent for all rentals in Penn North.

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

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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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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.

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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

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.