Baltimore, known for its rich history and vibrant culture, offers a range of neighborhoods catering to diverse lifestyles and budgets.
Affordable living doesn’t mean compromising on convenience or quality of life in Baltimore.
There are quite a few affordable neighborhoods to live in Baltimore and hare are the cheapest.
Locust Point is a neighborhood in the southern part of Baltimore known for its charming row houses and waterfront views.
This neighborhood offers affordable housing options, with an average home price of around $375,000. The average rent is $2,036, with affordable grocery stores and various dining options.
Utilities in Locust Point are generally affordable, with average costs for electricity, water, and gas falling within the city’s average range.
\While Locust Point may not offer an abundance of amenities, its proximity to the Inner Harbor, just a short walk away, provides residents access to a wide range of entertainment options.
Midway-Coldstream is a neighborhood in Northeast Baltimore, that offers affordable housing options for renters and home buyers.
The average home price in this area is around $150,000, making it one of the cheapest neighborhoods in Baltimore, allowing residents to save more on their housing expenses.
Utility costs in Midway-Coldstream are 25% lower than the city’s average, ensuring that residents can comfortably manage their electricity, water, and gas bills.
While amenities may be limited in this neighborhood, proximity to nearby areas such as Belair-Edison and Lauraville offers access to a broader range of amenities, including restaurants, parks, and recreational facilities.
While the Inner Harbor is not traditionally considered a cheap neighborhood, it is worth mentioning due to its significant transformation in recent years.
Once an industrial wasteland, the Inner Harbor has experienced substantial revitalization, increasing affordable housing options. The average home price in this area is around $338,000, offering a range of housing choices for individuals with different budget constraints.
The Inner Harbor provides residents access to various restaurants, shops, entertainment venues, and cultural attractions, making it a desirable place to live even with slightly higher housing costs.
The cost of living in this neighborhood maybe 12% higher overall, but the amenities and job opportunities available can help offset these expenses. Utility costs in the Inner Harbor are comparable to the city’s.
Berea is a neighborhood located in the eastern part of Baltimore, offering affordable housing options for residents. The average home price in Berea is around $120,000, making it one of the cheapest neighborhoods in the city.
Property taxes in this area are relatively low, providing homeowners additional savings. A single person’s living cost in Berea is $1,118.4 without rent. Utility costs in this neighborhood are relatively low, with average costs of $250 monthly.
While Berea may not offer as many amenities as other neighborhoods, its affordability and proximity to other areas, such as Clifton Park and Herring Run Park, provide residents with various recreational and leisure opportunities.
Mount Washington is a neighborhood in northern Baltimore renowned for its tree-lined streets and historic charm.
Despite its desirable location, housing prices in Mount Washington are relatively affordable, with the average home price around $400,000.
Property taxes in this area are moderate, ensuring that homeowners can still enjoy the benefits of the neighborhood without excessive tax burdens. The cost of living in Mount Washington is reasonable; monthly rent can range from $1,001 to $1,500.
Utility costs in this neighborhood are comparable, with average-sized apartments spending roughly $400. Amenities in Mount Washington include parks, walking trails, and easy access to nearby shopping centers.
Located in South Baltimore, Riverside is a neighborhood that offers affordable housing options for residents. The average housing prices in Riverside range from $200,000 to $350,000, making it an attractive option for those looking for more budget-friendly options.
In terms of the cost of living, Riverside offers a good balance between affordability and convenience.
Residents can enjoy a lower cost of housing with monthly rents at about $1200 for one-bedroom apartments, groceries, transportation, and other daily expenses. Utilities such as electricity, water, and gas can cost $400 monthly, further contributing to the affordability of living in Riverside.
The neighborhood has various parks, including Riverside Park, which provides residents with recreational opportunities such as jogging, walking trails, and sports facilities.
Riverside is near shopping centers, restaurants, and entertainment venues, so you’ll have easy access to your daily necessities and fun recreational activities.
Situated in northern Baltimore, Roland Park is another neighborhood known for its affordable housing options.
The average housing prices in Roland Park range from $250,000 to $350,000, making it an attractive choice for individuals or families looking for more affordable homes.
Residents can enjoy affordable groceries, transportation, and other daily necessities at $370 monthly, allowing them to save on their day-to-day expenses. Additionally, utility costs in this neighborhood are reasonable and within an affordable range.
In terms of amenities, Roland Park offers a variety of options for its residents. The neighborhood has several parks and green spaces, providing opportunities for outdoor activities such as walking, jogging, and picnics.
Cafes, restaurants, and shops are within easy reach, ensuring convenience and accessibility to daily needs.
Located in Northeast Baltimore, Bel Air is a neighborhood that offers affordable housing options for individuals and families. The average housing prices in Bel Air range from $150,000 to $250,000, making it a more affordable choice for those on a budget.
The cost of living in Bel Air is 13% lower than the city average, ensuring residents enjoy a more affordable lifestyle. Groceries, transportation, and other necessities, including electricity, water, and gas, fall within an affordable range.
In Bel Air, you can find convenient access to shopping centers, restaurants, and entertainment venues, ensuring their needs are met within the neighborhood.
Situated in Southwest Baltimore, the Fairfield Area is another neighborhood that offers affordable housing options.
The average housing prices in this neighborhood range from $100,000 to $180,000, which is relatively low reducing residential property expenses.
Daily expenses such as groceries, transportation, and other necessities are reasonably priced.
Utility costs in this neighborhood are within an affordable range of $250 to $320.
Baltimore offers several affordable neighborhoods for individuals and families on a budget.
Riverside, Roland Park, Bel Air, and Fairfield Area are among the cheapest neighborhoods in Baltimore, offering affordable housing options, lower property taxes, reasonable cost of living, and various amenities.
Whether you’re a first-time homebuyer or looking to downsize, these neighborhoods provide attractive options while ensuring a comfortable and affordable living experience.