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Apartments for Rent in Maryland under $500

Apartments for Rent in Maryland under $500. 12 Rentals Available
12 Rentals Available
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  • Only 3 units left
    Studio $125
    Base rent
    Verified Listing

    3.5 (7)
    401 N Eutaw St, Baltimore, MD 21201
    Apply online • Pet friendly
  • Only 1 unit left
    1 bd $433
    Base rent
    Verified Listing

    3.5 (6)
    5300 Newton Street, Bladensburg, MD 20710
    Fitness center • Air conditioner
  • Only 2 units left
    Studio $314+
    Base rent
    Verified Listing

    3.5 (11)
    150 E Main Street, Elkton, MD 21921
    Pet friendly • In unit laundry • Dishwasher
  • 2 bd $465
    Base rent
    Verified Listing

    4.0 (2)
    101 Quinn Circle, Denton, MD 21629
    In unit laundry • Dishwasher • Patio/Balcony
  • Ask for Pricing
    Income restricted
    Verified Listing

    4.0 (4)
    31 Lincoln Ave, Aberdeen, MD 21001
    Dishwasher • Patio/Balcony • Air conditioner
  • Ask for pricing
    Verified Listing

    6809 Bellona Avenue, Baltimore, MD 21212
    Pet friendly • Dishwasher • Air conditioner
  • 1 bd $377
    Base rent Income restricted
    Verified Listing

    5.0 (4)
    1007 Lake St Ste 100A, Salisbury, MD 21801
    Pet friendly • Fitness center • In unit laundry
  • 3 bd $483
    Base rent
    Verified Listing

    5.0 (5)
    117 Juniper Way, Cumberland, MD 21502
  • Studio $20
    Base rent
    Verified Listing

    7000 Belair Road, Baltimore, MD 21206
    Pet friendly
9-0-state
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Frequently asked questions

When were prices and availability in Maryland last updated?

Prices and availability in Maryland were last updated on 23 Jun 2026.

What are the best apartments in Maryland?
What type of rental buildings are in Maryland?

In Maryland, 32% of the residents are renting compared to 68% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 20% of Maryland's rentals, 66% are small-scale complexes with under 50 units, and 14% are single-family rentals.

Renting apartments in Maryland under $500

Searching for apartments for rent in Maryland under $500 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RentCafe can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In Maryland, where the average rent is $481 per month, there are 12 units available for less than $500. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.

We’ll help you find the cheapest rental near you

Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $500” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Maryland. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Maryland going for $125 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.