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Average Rent in Penn-Fallsway & Rent Trends

What is the average rent in Penn-Fallsway?

The average listed apartment rent in Penn-Fallsway is $1,957 per month, as of October 17, 2026. This sample includes 154 priced apartments in 6 buildings. These are tracked asking prices, not signed leases.

We use published total monthly rent when known and base rent otherwise. Unknown fees remain unknown. Buildings without a qualifying price do not count in this sample. The guide directory can include more buildings.

Rent prices and market trends across 6 apartment communities in Penn-Fallsway, Baltimore, MD. Prices update after successful source checks.

Area All Areas Penn-Fallsway Bromo Arts District Shipley Hill Upper Fells Point Westport
Beds All Bedrooms Studio 1 Bed 2 Bed 3 Bed 4 Bed

Showing any bedrooms in Penn-Fallsway.

Market Average

$1,957/mo

▲ +1.9% from last month

Lowest Available

$750/mo

cheapest unit on market

Communities

6

tracked daily

Units Listed

154

available now

Rent Watch: cuts and increases

Open Rent Watch →

0 cuts and 0 increases among 16 comparable listings this week. Filter by bedrooms and budget, then inspect each building’s history.

Penn-Fallsway vs Baltimore, MD Average

Penn-Fallsway is cheaper than the Baltimore, MD average by $21/mo (1%). The citywide average is $1,978/mo across all neighborhoods.

Is Rent Going Up or Down in Penn-Fallsway?

As of October 2026, the average rent in Penn-Fallsway is $1,957 per month across 6 apartment communities and 154 available units. Rents have increased $36 (1.9%) over the past month.

The most affordable option is The Munsey starting at $750/mo. By unit type, a studio averages $2,035/mo, a 1-bedroom averages $2,131/mo, a 2-bedroom averages $3,028/mo, a 3-bedroom averages $4,158/mo, a 4-bedroom averages $3,000/mo.

Prices range from $750 to $4,581 per month. The most common price point is the $1,600 range, where 27 units are currently listed.

Penn-Fallsway Rent Price History

Timeframe
View as table
Month Avg Rent Change Properties
October 2026 $1,934 - 6

The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.

Average Rent by Bedroom

Rent Price Distribution

Rent by Bedroom Type in Penn-Fallsway

Studio
$2,035
from $1,705 · 7 units
1 Bed
$2,131
from $1,275 · 32 units
2 Bed
$3,028
from $1,250 · 15 units
3 Bed
$4,158
from $3,569 · 5 units
4 Bed
$3,000
from $3,000 · 1 units

Rent Prices by Apartment in Penn-Fallsway

Property Starting at Average Units Rating
The Munsey $750/mo $1,593/mo 94 3.3
The Lenore $1,250/mo $1,250/mo 1 4
26 Calvert Street Apartments $1,275/mo $1,275/mo 1 2.8
Baltimore Loft Apartments $1,500/mo $2,381/mo 8 4.8
Luminary at One Light $1,589/mo $2,473/mo 34 4.8
Avalon 555 President $1,857/mo $2,875/mo 16 4.4

Frequently Asked Questions About Rent in Penn-Fallsway

How many bedrooms are you looking for?

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Any bedrooms

What is the average rent in Penn-Fallsway?
The average listed apartment rent in Penn-Fallsway is $1,957 per month, as of October 17, 2026. This sample includes 154 priced apartments in 6 buildings. These are tracked asking prices, not signed leases.

What rent range can I find in Penn-Fallsway?
The apartment listings we track in Penn-Fallsway range from $750 to $4,581 per month, as of October 17, 2026. These are the lowest and highest listed prices. They are not a typical price for every apartment. The building, floor plan, and lease terms can affect the price.

Are rents going up or down in Penn-Fallsway?
There is not enough comparable history to report a reliable 30-day rent change for apartment listings in Penn-Fallsway. Missing dates or a change in the buildings we track can prevent a comparison. Missing history does not mean rents stayed flat.

How much is a studio apartment in Penn-Fallsway?
Studio apartments average $2,035 per month across 7 priced listings in Penn-Fallsway. Listed rents range from $1,705 to $2,571 per month, as of October 17, 2026. Compare apartments with similar floor plans and lease terms.

How much is a 1-bedroom apartment in Penn-Fallsway?
1-bedroom apartments average $2,131 per month across 32 priced listings in Penn-Fallsway. Listed rents range from $1,275 to $3,000 per month, as of October 17, 2026. Compare apartments with similar floor plans and lease terms.

How much is a 2-bedroom apartment in Penn-Fallsway?
2-bedroom apartments average $3,028 per month across 15 priced listings in Penn-Fallsway. Listed rents range from $1,250 to $3,576 per month, as of October 17, 2026. Compare apartments with similar floor plans and lease terms.

How much is a 3-bedroom apartment in Penn-Fallsway?
3-bedroom apartments average $4,158 per month across 5 priced listings in Penn-Fallsway. Listed rents range from $3,569 to $4,581 per month, as of October 17, 2026. Compare apartments with similar floor plans and lease terms.

How much is a 4-bedroom apartment in Penn-Fallsway?
4-bedroom apartments average $3,000 per month across 1 priced listing in Penn-Fallsway. Listed rents range from $3,000 to $3,000 per month, as of October 17, 2026. Compare apartments with similar floor plans and lease terms.

How do 1-bedroom and 2-bedroom rents compare in Penn-Fallsway?
The 1-bedroom average is $2,131 per month across 32 listings. The 2-bedroom average is $3,028 across 15 listings, $897 (42.1%) higher. This is a comparison of listing groups, not the cost to upgrade a specific apartment.

Which tracked building has the lowest starting rent in Penn-Fallsway?
The Munsey has the lowest starting rent among the buildings in the comparison table, at $750 per month. We track 94 priced listings matching your bedroom choice in that building, as of October 17, 2026. The starting price applies to its lowest-priced matching apartment. Check that apartment's latest price and availability.

Which rent range has the most listings in Penn-Fallsway?
The $1,600 to $1,800 monthly range has the most matching listings: 27 units, or 17.5% of the priced apartments we track in Penn-Fallsway. This count does not tell us how fast the apartments rent.

How many apartment listings do you track in Penn-Fallsway?
We track 154 priced units at 6 apartment buildings, as of October 17, 2026. This is not the total number of apartments in those buildings. A listing can change or become unavailable. Open the apartment details to check its latest status.

How much rent history is available for Penn-Fallsway?
We have recorded rent data on 7 days from October 2026 through October 2026 for apartment listings in Penn-Fallsway. Some dates can be missing. The chart only shows recorded data. The current month includes the days recorded so far.

Why can the headline rent differ from the trend chart in Penn-Fallsway?
The average at the top of the page gives each matching apartment equal weight. The chart first averages recorded prices within each building, then compares buildings. It removes the highest and lowest groups when at least ten buildings contribute and omits days with fewer than five buildings. Different dates, building counts, and listing mixes can produce different figures. The monthly table averages the recorded daily figures.

Does my bedroom choice change the prices and answers?
Yes. Your chosen area and bedroom count filter the asking rents, listing counts, rent ranges, and answers on this page. When you choose a bedroom count, the history chart uses recorded prices for matching apartments with a known identity. If those records are missing, we leave the chart empty rather than use prices for other bedroom types. Open an individual apartment to check its own price history.

Do these rents include utilities, parking, and other fees?
We use the published total monthly rent when it is available and the base rent otherwise. Unknown fees are not zero. Utilities, parking, pet charges, deposits, and one-time costs can add to the amount you pay. Check the selected unit and lease terms for a complete quote.

How should I compare free-rent offers with listed rent?
A free-rent offer can reduce the effective cost over a lease without changing the listed monthly rent. Compare the same lease length and move-in date, then include required charges and the offer conditions. The market averages do not assume an unconfirmed discount.

Does this page represent every rental in the market?
These figures describe the priced apartment listings we track, not every rental home or every occupied apartment. Coverage and the mix of bedrooms, buildings, and locations can change. A lower market average does not prove that the same apartment received a price cut.

How fresh are the Penn-Fallsway rent figures?
We schedule rent updates each day, but buildings can have different price-check dates. The latest accepted price check for these listings was October 17, 2026. The month label does not mean we checked every price today. Open the building or apartment details for its latest price and availability.

What salary do I need to live comfortably in Penn-Fallsway?

Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.

Minimum to afford average rent

$78,000/year

Based on the 30 percent rule, using our tracked average rent of $1,957/mo.

Comfortable income

$94,000/year

Based on the 25 percent rule, leaving more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($750/mo), you need to earn at least $30,000/year.

Median household income in Penn-Fallsway is $59,623 , about 37% below the comfortable-living threshold.

Explore Penn-Fallsway Apartments

Browse all 6 communities with daily-updated pricing and availability.

Browse All Apartments Find Your Match

Cost of living in Penn-Fallsway

Overall prices in Penn-Fallsway runs above the national average by about 3% (BEA Regional Price Parity index 103.2, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Penn-Fallsway's regional price parities.

Category Monthly estimate
Rent (market average) $1,957
Utilities $502
Groceries $548
Transportation $1,198
Healthcare $584
Other goods and services $935
Estimated total $5,724/mo

Population

577,193

Median household income

$59,623

Census median rent

$1,290/mo

Census rent burden

32.1%

Median age

36.1

Mean commute

29 min

Methodology

Rent data

We use listed asking rents and schedule daily data updates. Individual buildings can have different verification dates. Check the building or unit page for its latest price and availability.

Cost of living

Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.

Salary to live comfortably

We estimate annual income by dividing annual rent by 30 percent for the affordability figure and 25 percent for the comfortable-income figure. These estimates are a guide, not a guarantee of rental approval.

Demographic figures

Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.

Cost of living and demographic figures were last published in 2023.
Maryland Rent Trends
Compare rent across all Maryland cities
Baltimore, MD Neighborhood Rent Map
See rent history by neighborhood on a map
Explore Baltimore, MD on Map
See neighborhoods and rent data interactively
US-wide rent comparison
See how Baltimore, MD rents stack up against the national median

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