Renting in Baltimore? Here Are the Best Affordable Neighborhoods to Explore

Baltimore’s history is everywhere, mixed with the energy of its neighborhoods and the rhythm of its working harbor. This is a city of opportunity, where hard work pays off and diverse communities forge a uniquely authentic experience.

But Baltimore’s appeal doesn’t stop here! The housing costs in Charm City are 35% below the state average and 6% lower than the national benchmark. This means apartment hunters in Baltimore can discover great value in numerous affordable neighborhoods that offer great value without sacrificing convenience or quality of life. Here’s a look at five budget-friendly neighborhoods that offer rental opportunities in Baltimore.

Cedonia

Average rent as of January 2025: $1,053

Cedonia stands out as one of the most affordable neighborhoods, providing renters with cost-effective living options in Baltimore. The average rent of $1,053 makes it one of the best picks for those looking to keep housing costs manageable.

Cedonia fosters a welcoming community, complete with local events and family-friendly amenities that make it ideal for renters seeking a comfortable place to call home. The area features multiple parks, recreational facilities, and a mix of single-family homes and apartment complexes. Plus, renters in Cedonia benefit from its proximity to major highways like Interstate 95 and I-695, making travel around the city quick and easy. Additionally, shopping centers, grocery stores, and casual dining options are within walking distance, enhancing convenience for residents.

Frankford

Average rent as of January 2025: $1,053

Frankford is another affordable neighborhood in Baltimore for renters looking for a mix of urban and suburban living. this Northeast Baltimore neighborhood provides a diverse community, varied housing options, and excellent public transportation.

Frankford boasts a diverse community with a range of housing options, from single-family homes to apartment complexes. Families will appreciate the multiple schools, while the area’s excellent public transportation options benefit commuters, with multiple bus routes connecting Frankford with other parts of the city. Active renters will feel at home here thanks to quite a few recreational spaces and parks. Plus, convenient shopping and dining options ensure everything you need is close at hand.

Rosemont East

Average rent as of January 2025: $1,053

If you’re looking for a peaceful residential environment with reasonable rent prices for apartments, Rosemont East is one of the affordable neighborhoods in Baltimore worth considering. Here too, the monthly rent is typically around $1,053 a month, so renters can enjoy a comfortable lifestyle without stretching their finances too thin.

Similar to other affordable neighborhoods in Northeast Baltimore, Rosemont East offers a tranquil retreat, characterized by green spaces, quiet streets, and a welcoming community vibe. Here, renters enjoy several parks for outdoor activities, while the neighborhood’s convenient access to major roads and public transportation makes commuting a breeze. Plus, the area also features a mix of shopping centers, grocery stores, and local dining options, ensuring renters have everything they need for comfortable living. That said, Rosemont East offers a peaceful neighborhood experience with convenient access to Baltimore’s urban attractions.

Cedmont

Average rent as of January 2025: $1,053

Another very budget-friendly neighborhood in Baltimore is Cedmont. With an average rent of just $1,053, which is almost 35% below the city average of $1,596, it provides a nice balance between cost and convenience for apartment seekers on a tight budget.

Also located in Northeast Baltimore, Cedmont is a quiet, residential neighborhood known for its small-town feel. Renters here enjoy a suburban atmosphere while still being close to Downtown Baltimore. The neighborhood offers easy access to several parks and green spaces, making it a great spot for outdoor enthusiasts. Local amenities, including shopping centers and dining options, add to the convenience. When it comes to public transportation options, renters can choose from bus routes and nearby Maryland Area Rail Commuter train stations, which make commuting to other parts of Baltimore simple and efficient.

Waltherson

Average rent as of January 2025: $1,062

Waltherson rounds out our list of affordable neighborhoods in Baltimore, providing renters with a wallet-friendly yet convenient place to live thanks to the average rent in the area clocking in at $1,062. This quiet enclave offers a mix of historic and modern homes and a variety of rental options.

The neighborhood offers a suburban feel with nearby parks, cozy cafes and a strong sense of community fueled by local associations and events that bring residents together. It is also conveniently located near major roads and public transportation routes, providing easy access to downtown Baltimore and beyond. When it comes to amenities, Waltherson counts shopping centers, grocery stores, and plenty of dining options.

That said, Baltimore has a good selection of affordable neighborhoods, each offering unique perks and excellent value for money to budget-conscious renters. So, if you’re searching for apartments in Baltimore but don’t want to stretch your rent budget too far, start exploring these affordable neighborhoods today.

Looking for wallet-friendly options in other major cities? Explore our guides for affordable neighborhoods in Milwaukee; Boston; Omaha, NE; Seattle; and Brooklyn, NY.