Last updated
Average Rent in Penn-Fallsway & Rent Trends
Rent prices and market trends across 2 apartment communities in Penn-Fallsway, Baltimore, MD. Updated daily.
Market Average
$2,706/mo
▲ +34.3% from last month
Lowest Available
$2,581/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
9
available now
Penn-Fallsway vs Baltimore, MD Average
Penn-Fallsway is more expensive the Baltimore, MD average by $16/mo (1%). The citywide average is $2,690/mo across all neighborhoods.
Is Rent Going Up or Down in Penn-Fallsway?
As of June 2026, the average rent in Penn-Fallsway is $2,706 per month across 2 apartment communities and 9 available units. Rents have increased $826 (34.3%) over the past month.
The most affordable option is Avalon 555 President starting at $2,581/mo. By unit type, a 1-bedroom averages $2,706/mo.
Prices range from $2,581 to $2,837 per month. The most common price point is the $2,600 range, where 4 units are currently listed.
Penn-Fallsway Rent Price History
Rent Price Distribution
Rent by Bedroom Type in Penn-Fallsway
Rent Prices by Apartment in Penn-Fallsway
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Avalon 555 President | $2,581/mo | $2,690/mo | 8 | 4.4 |
| Liberty Harbor East | $2,837/mo | $2,837/mo | 1 | 4.8 |
Google Search Trends for Penn-Fallsway Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Penn-Fallsway
What is the average rent in Penn-Fallsway?
Is rent going up or down in Penn-Fallsway?
What is the cheapest apartment in Penn-Fallsway?
How much is a 1-bedroom apartment in Penn-Fallsway?
How many apartments are available in Penn-Fallsway?
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
$108,000/year
Based on the 30 percent rule, using our tracked average rent of $2,706/mo.
Comfortable income
$130,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($2,581/mo), you need to earn at least $103,000/year.
Median household income in Penn-Fallsway is $59,623 , about 54% below the comfortable-living threshold.
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) | $2,706 |
| Utilities | $502 |
| Groceries | $548 |
| Transportation | $1,198 |
| Healthcare | $584 |
| Other goods and services | $935 |
| Estimated total | $6,473/mo |
Population
577,193
Median household income
$59,623
Census median rent
$1,290/mo
Rent as % of income
32.1%
Median age
36.1
Mean commute
29 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
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
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
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.
Explore Penn-Fallsway Apartments
Browse all 2 communities with daily-updated pricing and availability.