Cheap Homes for Rent in Cheltenham, MD from $1,200 (6 Rentals)

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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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Cheltenham, MD Local Guide

Cheapest Available Cheltenham Apartments for Rent and Nearby

 

The cheapest available apartment rental in Cheltenham, MD is a Studio unit found at The Courts of Camp Springs in the Metroplace neighborhood priced from $1,050. North Hills Apartments in the Metroplace neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,250. Here is today’s list of the most affordable Cheltenham apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Courts of Camp SpringsStudio Income RestrictedStudio,1BA$1,050
North Hills Apartments1 Bedroom1BR,1BA$1,250
Heather Hill1BR | 1BA A1BR,1BA$1,293

Best Value Apartments for Rent in Cheltenham, MD and Nearby

As of June 11, 2026 the best value apartment in the Cheltenham area is the $1.59 price per square foot 3A Model at Flats of Forestville in the in the Metroplace neighborhood starting from $1,895. The second greatest value Cheltenham apartment is the 2 Model at Windham Creek starting at $1,810 with a $1.62 price per square foot in the Metroplace neighborhood. Here is today’s list of the best values for Cheltenham apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Flats of Forestville3A3BR,1.5BA$1.59
Windham Creek22BR,2BA$1.62
The Woods of MarltonTHE ASPEN LARGE (2C 2CR)2BR,2BA$1.74
Andrews Ridge ApartmentsB1 Pine2BR,1BA$1.64
Gateway Station by OneWall2B1B2BR,1BA$1.49
Woodland CreekManor II - Two Bedroom2BR,1BA$1.76
The Courts of Camp SpringsTwo Bedroom2BR,1BA$1.91
North Hills Apartments1 Bedroom1BR,1BA$1.49
Surrey SquareVictoria1BR,1BA$1.84
Harbor Place Apartment HomesOne Bedroom - 717 sqft1BR,1BA$1.91

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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Rent Smart in Washington DC: Best Neighborhoods to Rent for University Students

Discover the top neighborhoods for university students to rent in Washington D.C. Find affordable, convenient, and vibrant areas near major campuses on ApartmentHomeLiving.com.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheltenham

What type of rentals are currently available in Cheltenham?

There are currently 40 Apartments for Rent in Cheltenham, MD with pricing that ranges from $1,050 to $5,190. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Cheltenham ranging from $1,200 to $5,000.

What is the current price range for Rental Homes in Cheltenham?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Cheltenham ranges from $1,200 to $5,000 with an average monthly rent of $3,266.

How much are larger Three and Four Bedroom Rentals in Cheltenham?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Cheltenham range from $1,695 to $4,412, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,600 to $3,600. Four Bedroom Single-Family rentals are also available starting from $2,900 and Four Bedroom Apartments start at $3,592.

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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I'm Steve, your ApartmentHomeLiving.com Local Expert for Washington, DC.

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Rent Smart in Washington DC: Best Neighborhoods to Rent for University Students

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Greetings from Washington, DC! I'm Stephen, your ApartmentHomeLiving.com Local Expert for Washington, and I'd love to give you the inside scoop on a city that many people only think of in terms of visiting, not living in.

Articles, How-To's, and Tips

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

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Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.