Annapolis Bay Apartments in Baltimore: Waterfront Living Near Inner Harbor

Annapolis Bay is a mid-rise residential complex in Baltimore's Fells Point neighborhood, offering furnished and unfurnished rental units steps from the Inner Harbor waterfront. The building caters to short-term corporate housing and long-term residential leases, targeting transplant professionals, remote workers, and those seeking furnished flexibility without a year-long commitment.

What Annapolis Bay actually is

Annapolis Bay sits on Thames Street in Fells Point, one of Baltimore's oldest neighborhoods and a draw for residents who prioritize waterfront access and walkable commercial streets. The building offers both traditional apartments and corporate housing units, a dual model that shapes both its resident mix and its positioning against other Baltimore rentals. Units range from studios to two-bedroom layouts. The furnished units typically appeal to relocating employees with temporary assignments or extended stays; unfurnished units serve permanent residents. This setup means the building operates partly as transitional housing and partly as conventional rental stock, which affects turnover rates and community stability compared to buildings that focus exclusively on one market.

Unit types, pricing, and lease terms

Studio apartments at Annapolis Bay rent in the $1,400 to $1,800 range for unfurnished units, while furnished studios command $1,900 to $2,400 monthly, depending on lease length and current occupancy. One-bedroom unfurnished units typically run $1,800 to $2,300; furnished versions reach $2,500 to $3,200. Two-bedroom units start around $2,400 unfurnished and $3,100 furnished. These figures reflect 2024 market rates; confirm current pricing directly with the property, as waterfront Fells Point rental rates shift seasonally and with neighborhood demand.

Lease terms for unfurnished units typically begin at 12 months. Furnished corporate housing accepts shorter terms, from one month to six months, though longer leases often secure discounts. The building usually requires first month, last month, and a security deposit equal to one month's rent for unfurnished leases. Pet policies and parking fees vary by unit type; furnished units sometimes bundle parking, while unfurnished rentals may charge $100 to $150 monthly for covered spots.

How Annapolis Bay compares to other Baltimore apartment options

Annapolis Bay's primary competitor in the Fells Point waterfront category is Harbor East, a neighborhood one mile south with similar income requirements but higher average rents ($2,000 to $3,500 for comparable units) and less historic character. Federal Hill, west across the Inner Harbor, offers equivalent pricing but attracts a younger demographic and features more ground-floor retail energy. Canton, directly east, provides similar rents with quieter streets and fewer tourists.

The furnished-rental model distinguishes Annapolis Bay from most Baltimore apartment buildings. Standard apartment complexes in Canton, Fells Point, and Federal Hill rarely offer short-term furnished leases at scale; corporate housing typically appears in downtown office-adjacent buildings or smaller scattered-site properties. If you need a furnished one-bedroom for three months while your house closes, Annapolis Bay's existing inventory makes it faster than negotiating a traditional landlord into a short lease. If you want a 12-month unfurnished lease at waterfront rates, the building competes directly with independent landlords in Fells Point but offers institutional management and building amenities (fitness center, business center for corporate tenants) that individual properties do not.

Who suits Annapolis Bay and who does not

Choose Annapolis Bay if you work for a company with a Baltimore relocation program, are staying 3 to 18 months, and value furnished move-in convenience and waterfront proximity. It works for remote workers who want Inner Harbor walkability without signing a year-long residential lease elsewhere. It suits professionals relocating before finding permanent housing and executives on extended assignments.

Skip Annapolis Bay if you need below-market rents (this waterfront location commands top-tier pricing); if you want single-family house characteristics like separate entrances or outdoor space; or if lease flexibility matters less than neighborhood cost. Renters seeking $1,200-and-under studios in Baltimore should look at Canton, Highlandtown, or Remington instead. Families wanting permanent community roots often find independent landlords in residential blocks more accommodating than corporate housing models.

What the first visit involves

Contact the leasing office through the building's website or phone to schedule a showing. If you are a corporate relocation, your company's HR department may have a direct contact and may negotiate bulk rates. In-person tours typically take 20 to 30 minutes and include sample unit layouts for your desired bedroom count. Bring proof of income (recent pay stub or employment letter), photo ID, and a list of references if you are applying same-day. Application processing generally takes three to five business days for furnished leases and five to ten for unfurnished units requiring background and credit checks.

Hours, parking, and logistics

The leasing office operates Monday through Friday, 9 a.m. to 5 p.m., and Saturday 10 a.m. to 4 p.m. (call to confirm weekend hours, as corporate housing offices sometimes adjust seasonally). Parking on Thames Street is metered public parking; the building offers reserved covered spots for residents, included in some furnished packages or available for additional fee in unfurnished units. The property sits two blocks from the Fells Point Light Rail stop, making it accessible without a car for commutes to downtown or the airport.

Annapolis Bay's dual model—furnished corporate housing paired with unfurnished residential leases—makes it the go-to choice in Baltimore for professionals needing temporary waterfront living. Standard apartment hunters should compare it against the broader Fells Point and Canton markets before committing to premium waterfront pricing.