Cheapest Places to Live in Maryland

By PropertyClub Team
Jun 18th 2024
Like in other states nationwide, the cost of living in Maryland has recently soared due to economic conditions. However, there are still affordable towns and cities in the state. Read on to discover the ten cheapest places to live in Maryland. 

hash-mark10 Cheapest Places to Live in Maryland

  1. Cumberland
  2. Frostburg
  3. Baltimore
  4. Princess Anne
  5. Pocomoke
  6. Salisbury
  7. Cambridge
  8. Hagerstown
  9. Aberdeen
  10. Greenbelt

hash-mark1. Cumberland

Median Home Price: $139,300
Average Rent (one bedroom): $735
Cost of Living Compared to State Average: 34.5% lower than the Maryland average

The cheapest place to live in Maryland is Cumberland. Offering a unique blend of historical charm and natural beauty, this city is nestled in the Appalachian Mountains and is known for its picturesque landscapes, outdoor recreation opportunities, and a close-knit community atmosphere.

With its close proximity to the natural wonders of West Maryland, this city is perfect for outdoor enthusiasts and nature lovers. Home prices in Cumberland average $139,300, making it the most affordable place to live in Maryland. 

hash-mark2. Frostburg

Median Home Price: $161,300
Average Rent (one bedroom): $750
Cost of Living Compared to State Average: 34.3% lower than the Maryland average

The second most affordable place to live in Maryland is Frostburg. A charming residential area with small-town allure, this city is tucked amidst the Allegheny Mountains and offers a tranquil atmosphere that is accented by stunning historic architecture. Besides being affordable, Frostburg is also one of the safest places to live in Maryland

Home to Frostburg State University, this city's tightly-knit community places a large emphasis on education, which keeps the local population academically vibrant. Home values in Frostburg average $161,300, making it one of the cheapest cities to live in Maryland. 

hash-mark3. Baltimore

Median Home Price: $183,500
Average Rent (one bedroom): $1,250
Cost of Living Compared to State Average: 17.4% lower than the Maryland average

Baltimore is another one of Maryland's cheapest cities, with home prices averaging only $183,500. As the largest city in Maryland, Baltimore pulses with cultural diversity and urban energy. Baltimore is Situated along the Chesapeake Bay and boasts both a rich history and a thriving arts scene.

Residents of Baltimore experience a vibrant mix of culinary diversity, arts and entertainment venues, and a strong sense of community pride. Although Baltimore is affordable and offers a lot, it's also one of the most dangerous cities in the US.

Check out the worst neighborhoods in Baltimore so that you know which areas to avoid. 

hash-mark4. Princess Anne 

Median Home Price: $206,800
Average Rent (one bedroom): $995
Cost of Living Compared to State Average: 24.6% lower than the Maryland average

Princess Anne is also one of the cheapest places to live in Maryland and is a great choice for those who prefer life on the Eastern Shore. Set against a backdrop of rural landscapes and the nearby Chesapeake Bay, Princess Anne offers a peaceful respite from the bustle of city life.

Home to the University of Maryland Eastern Shore, the town combines an academic atmosphere with historic architecture, creating a unique blend of culture and heritage. Home values in Princess Anne average $206,800. 

hash-mark5. Pocomoke

Median Home Price: $213,700
Average Rent (one bedroom): $1,050
Cost of Living Compared to State Average: 23.2% lower than the Maryland average

In addition to being one of the most affordable places to live in Maryland, Pocomoke City is also one of the best. A hidden gem nestled along the banks of the Pocomoke River, this city is equipped with stunning waterfront views and small-town ambiance. The town's historic charm, vibrant arts community, and welcoming locals create an inviting atmosphere where residents can enjoy a slower pace of life and embrace the natural landscapes. Home values in Pocomoke average $213,700, making it the perfect place to find both quiet and affordable living. 

hash-mark6. Salisbury 

Median Home Price: $248,900
Average Rent (one bedroom): $1,050
Cost of Living Compared to State Average: 20.1% lower than the Maryland average

Salisbury is one of the cheapest places to live in Maryland for those who like vibrant city life. As the largest city on the Eastern Shore, it radiates a frenetic energy. Complete with a bustling downtown, cultural attractions, and proximity to the Wicomico River, Salisbury offers a dynamic blend of urban amenities and natural beauty.

Residents of Salisbury enjoy a diverse range of dining, entertainment, and shopping options, along with a strong community spirit evident through local events and gatherings. This makes Salisbury a city that thrives on its lively atmosphere and the charm of a tight-knit community. Although Salisbury offers a lot, visitors and residents should be aware of their surroundings as it's one of the most dangerous cities in Maryland

hash-mark7. Cambridge 

Median Home Price: $250,600
Average Rent (one bedroom): $1,090
Cost of Living Compared to State Average: 19.8% lower than the Maryland average

Another one of the cheapest places to live in Maryland is Cambridge. A waterfront haven along the Chesapeake Bay, Cambridge boasts a rich maritime history and a thriving arts scene — both of which add to the city's appeal.

Residents of Cambridge experience a strong sense of community, with events and festivals that celebrate the town's heritage, while the stunning bay views and nearby outdoor activities provide opportunities for relaxation and adventure. Home values in Cambridge average $250,600, keeping it an essential part of Maryland's cheapest cities.

hash-mark8. Hagerstown 

Median Home Price: $270,000
Average Rent (one bedroom): $1,125
Cost of Living Compared to State Average: 17% lower than the Maryland average

Hagerstown is also one of the most affordable places to live in Maryland. Living in this city offers a comforting blend of small-town charm and urban amenities, complete with ample options for affordable housing. Additionally, Hagerstown is home to natural attractions such as the C&O Canal, Antietam National Battlefield, and other historical sites. With homes for sale in Hagerstown averaging $270,000, this city is certain to impress those looking for a budget-friendly area.

hash-mark9. Aberdeen 

Median Home Price: $313,500
Average Rent (one bedroom): $1,300
Cost of Living Compared to State Average: 6.1% lower than the Maryland average

Aberdeen is one of the cheapest suburbs in Maryland. Equipped with convenient access to both Baltimore and Philadelphia, Aberdeen is perfect for those interested in living close to everything these cities have to offer. Additionally, residents can enjoy a range of recreational opportunities, from parks and waterfront activities along the Chesapeake Bay to cultural attractions in nearby cities. Home prices in Aberdeen average close to $313,500.

hash-mark10. Greenbelt

Median Home Price: $289,800
Average Rent (one bedroom): $1,525
Cost of Living Compared to State Average: 4.3% lower than the Maryland average

If you're looking for one of the cheapest places to live in Maryland, Greenbelt is an affordable option with plenty to offer. Living in Greenbelt gives residents a suburban atmosphere with convenient access to both Washington, D.C., and Baltimore. The city is known for its unique history as a planned community, as well as its commitment to maintaining environmental sustainability. From local parks and walking trails to local cultural events and affordable housing options, Greenbelt has something for everyone to enjoy.