
Cheap Apartments for Rent in the Homewood Neighborhood of Baltimore, MD from $700 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in the Homewood area of Baltimore.


Jefferson House Apartments

Vivo Living Baltimore
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Mount Vernon Apartments

The Baltimorean Apartments
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The Marylander Apartment Homes

The Broadview Apartments
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100 West University Apartments
Baltimore's Best Affordable Neighborhoods
Learn about Baltimore and the best places to live with original content written by our Local Expert Sarah Bregel

305 W 31st St

2938 St Paul St
Homewood, Baltimore, MD Local Guide

How much does it cost to rent an apartment in Homewood?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Homewood Studio Apartments | $1,632 | $950 | $3,705 |
Homewood 1 Bedroom Apartments | $1,963 | $1,199 | $3,955 |
Homewood 2 Bedroom Apartments | $2,732 | $1,399 | $5,845 |
Homewood 3 Bedroom Apartments | $2,125 | $1,149 | $6,595 |
Homewood 4 Bedroom Apartments | $1,454 | $1,025 | $1,590 |
Browse Apartments in this Neighborhood
There are currently 14 rentals with your search options within a 2 mile radius of the Homewood Neighborhood of Baltimore, MD.
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Homewood, Baltimore, MD Local Guide
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Cheapest Available Homewood Apartments for Rent
 The cheapest available apartment rental in the Homewood area of Baltimore, MD is a Studio unit found at Vivo Living Baltimore priced from $975. Mount Vernon Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,019. Here are the most affordable Homewood apartments for rent in Baltimore, MD:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Vivo Living Baltimore | The Petite Studio | Studio,1BA | $975 |
Mount Vernon Apartments | Studio | Studio,1BA | $1,019 |
Vision on Lombard | A1 | Studio,1BA | $1,190 |
The Marylander Apartment Homes | Studio | Studio,1BA | $1,210 |
The Broadview Apartments | STC | Studio,1BA | $1,215 |
Best Value Apartments for Rent in Homewood, MD
As of May 12, 2025 the best value apartment in the Homewood area is the $1.92 price per square foot 3 Bedroom 1 Bath Model at Mount Vernon Apartments in the in the Southeast Baltimore neighborhood starting from $2,299. The second greatest value Homewood apartment is the 2BR/2.0BA Model at Wyman Towers, LLC starting at $1,900 with a $1.78 price per square foot in the Morgan State University neighborhood. Here is today’s list of the best values for Homewood apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Mount Vernon Apartments | 3 Bedroom 1 Bath | 3BR,1BA | $1.92 |
Wyman Towers, LLC | 2BR/2.0BA | 2BR,2BA | $1.78 |
ReNew Mt. Vernon | Bridgeport | 2BR,1BA | $2.05 |
Nine East 33rd | 2x1 | 2BR,1BA | $2.34 |
314 W 31st St, Unit B | 314 W 31st St | Studio ,1BA | $2.00 |
Redwood Campus Center, LLC | The George | 1BR,1BA | $3.46 |
The Marylander Apartment Homes | Studio | Studio ,1BA | $2.61 |
The Broadview Apartments | STB | Studio ,1BA | $2.88 |
Vision on Lombard | D | Studio ,1BA | $3.13 |
Vivo Living Baltimore | The Furnished Studio | Studio ,1BA | $3.52 |
Quick Rent Budget Calculator
How much rent can you afford?
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Pet Friendly Lifestyle
Ranked #
Pet Friendliness Lifestyle Score
Getting Around the Homewood Neighborhood in Baltimore, MD
Walk Score®
81 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
74 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
65 / 100
Good Transit
Many nearby public transportation options
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 Homewood Apartments
What is a cheap apartment in Homewood?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Homewood is under $2,080.
What is the price of a cheap apartment in Homewood?
The cheapest apartment in Homewood is Mount Vernon Apartments which is listed at $1,199, while the average apartment in Homewood costs $2,160.
What types of apartments are the cheapest in Homewood?
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 70 regular apartments in Homewood 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 Homewood?
Cheap apartments in Homewood have an average cost of $1,487 which is $673 cheaper than the average rent for all rentals in Homewood.
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.

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.

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.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.