The average apartment rent in Fells Point is approximately $2,585 per month — well above the Baltimore City average of roughly $1,653, and the highest of any neighborhood we manage in the city apart from Otterbein. Pricing varies significantly based on location, property type, bedroom count, building amenities, and condition.
| Apartment Type | Published Range |
|---|---|
| Studio | $1,959 - $2,254 |
| One bedroom | $2,163 - $2,514 |
| Two bedrooms | $2,944 - $3,742 |
| Three bedrooms | $3,604 - $5,730 |
These figures represent active market listings rather than the rent paid by every existing resident. Individual properties may be priced above or below these averages.
Source: RentCafe Market Analysis / Yardi Matrix, updated August 1, 2026
Fells Point has one of the highest concentrations of renters in Baltimore. Approximately 66% of occupied homes in the neighborhood are renter-occupied, while about 34% are owner-occupied, based on U.S. Census estimates — well above the Baltimore City figure of roughly 52% renter-occupied. That reflects a housing stock built for a working waterfront: dense historic rowhomes, many long since converted to multi-unit rentals, alongside newer apartment and condominium buildings along the water at Thames Street, Aliceanna Street, and Harbor Point. For investors, Fells Point offers the deepest and most consistent tenant demand of any neighborhood in the city, with rents to match.
Fells Point offers a combination of waterfront access, preserved historic character, and everyday walkability that few neighborhoods in the country can match. Residents can reach a public market, a mile of harbor promenade, dozens of restaurants and pubs, and a water taxi stop entirely on foot, while sitting minutes from downtown offices and the Johns Hopkins medical campus.
Housing runs from two- and three-story brick rowhomes dating to the late eighteenth and nineteenth centuries — many subdivided into apartments generations ago — through renovated rowhomes with roof decks, converted warehouses and industrial buildings, and modern waterfront apartment and condominium buildings along the harbor edge. That range supports an unusually broad tenant base, from medical residents and graduate students to young professionals and long-tenured local households.
Whether a resident is drawn by harbor views, a walkable commute, a neighborhood with genuine history underfoot, or one of the most active dining and nightlife scenes in Baltimore, Fells Point delivers a living experience that is difficult to replicate.
Fells Point sits between two of Baltimore’s largest employment centers — the downtown business district to the west and the Johns Hopkins medical campus to the north — which is a significant driver of rental demand in the neighborhood. Residents reach Harbor East in minutes on foot, downtown in roughly ten, and the Johns Hopkins Hospital campus in about the same. Healthcare, higher education, financial and professional services, port and logistics operations, government, and hospitality make up the bulk of local employment. Major employers in and near Fells Point include:
Fells Point is a city, state, and national historic district, and one of the most intact eighteenth- and nineteenth-century waterfront neighborhoods in the country, with hundreds of contributing buildings on the National Register. Its Belgian block streets were paved with stone carried as ballast on returning trade ships. The Robert Long House on South Ann Street, built in 1765, is the oldest surviving urban residence in Baltimore and is maintained by the Fell’s Point Preservation Society. The neighborhood’s designation in 1969 was itself a landmark event — it was won by residents organizing against a planned expressway that would have cleared much of the waterfront, and the historic listing is what stopped the road.
The Frederick Douglass-Isaac Myers Maritime Park on Thames Street occupies the site of the first African American-owned shipyard in the United States, founded by Isaac Myers in 1866, and tells the story of Black maritime labor in Baltimore — including Frederick Douglass, who worked as a caulker in the Fells Point shipyards before escaping enslavement in 1838 and later returned to own property in the neighborhood. Nearby, the Baltimore Museum of Industry and the Reginald F. Lewis Museum of Maryland African American History and Culture are both a short trip along the harbor, and the National Aquarium and Star-Spangled Banner Flag House sit just to the west.
The waterfront is the neighborhood’s primary open space. Thames Street Park and the Broadway Pier sit at the foot of Broadway, where the Baltimore Water Taxi docks and where the harbor promenade runs east toward Canton and west toward Harbor East and the Inner Harbor. Patterson Park lies a short distance north, offering more than 130 acres with a boat lake, recreational fields, a pool, an ice rink, and the landmark Pagoda. Closer in, Bond Street Wharf and the promenade’s benches and green edges give residents harbor frontage within a block or two of nearly anywhere in the neighborhood, and the flat, connected waterfront path makes it a natural fit for running and cycling.
Fells Point has been Baltimore’s nightlife center for the better part of two centuries and still holds one of the densest concentrations of pubs and live music venues in the city. The annual Fells Point Fun Festival fills the streets each fall with music stages, vendors, and food, and the waterfront hosts outdoor events, festivals, and markets through the warmer months. Ghost tours and history walks run year-round, trading on a neighborhood with genuine claim to the material. Harbor East, immediately west, adds a cinema and additional venues, and Canton and Patterson Park are within easy reach for more.
Broadway Market has anchored the neighborhood since the 1780s and reopened after a full renovation with food stalls, produce and seafood vendors, prepared-food counters, and long-standing local delis that reflect the neighborhood’s immigrant history. Thames Street, Aliceanna Street, and the blocks around Broadway hold an unusually dense mix of independent restaurants, cafes, bakeries, antique shops, record stores, and boutiques — the kind of independent retail that has largely disappeared from other harbor neighborhoods. Harbor East, a few minutes west, adds a full-service grocery, a cinema, and higher-end retail.
Owning and managing rental properties is a big job with tons of work and stress. However, with boundless opportunities and growth potential, as well as the hope of supplementing income well into retirement, investment property owners continue to work hard.
Bay Property Management Group Baltimore can help you reap the benefits of owning a rental property without the stress!
By taking advantage of our property management services in Fells Point, your property managers handle everything while you maintain ownership and control of your rental property!
There is a lot of work that goes into owning and managing Fells Point rental properties and the tenants that reside there. Take the stress and work out of being a landlord by hiring a Baltimore property management company!
Let our Baltimore team help you today!
Bay Property Management Group Baltimore has become one of the most trustworthy property management companies in the Fells Point area, and for good reason. We have a friendly and knowledgeable management team on hand to answer all of your property-related questions and concerns, as well as those of your tenants. Further, we offer competitively low property management rates, making our property management services worth the money you spend. Take a look at some of the services Bay Property Management Group can provide for your Fells Point rental properties:
Taking a professional approach to
rent collection, Bay Property
Management Group guarantees
your tenants fully understand the
rent collection policies and
procedures prior to move-in. With
high expectations and a no-excuse
policy for late rent, know that your
money will hit your bank account
on time, every time.
So that you don’t have to make
midnight emergency calls to your
properties, Bay Management Group
offers a 24/7 on-call maintenance
staff to handle all property
maintenance and repair requests.
Using only qualified and insured
contractors, you never have to
worry about shoddy work that
breaks the bank.
When tenant issues arise, Bay Property Management Group is here to help. Our team understands Maryland landlord-tenant law and Baltimore City rental regulations, manages the eviction process through the District Court of Maryland from start to finish, and provides guidance through property-related legal matters to help protect your interests.