Cheapest Neighborhoods in Frederick, MD
Some of the cheapest neighborhoods in Frederick are Waterford, Selwyn Farms, and Kingsbrook. These neighborhoods offer some of the lowest rent prices in Frederick, making them ideal for renters on a budget. As of August 3, 2026, the average rent in Frederick is $1,758, which is 0.6% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Waterford
Average Rent
$1,723/Month
Year-Over-Year Rent Change
5.3%
Units Available
17 Rentals
Waterford, a picturesque neighborhood, is known for its modern homes, well-maintained parks, and access to local schools. The tight-knit atmosphere and nearby shopping and dining options make it an ideal location for families seeking a suburban lifestyle with recreational activities at their doorstep.
Selwyn Farms
Average Rent
$1,763/Month
Year-Over-Year Rent Change
4%
Units Available
12 Rentals
Selwyn Farms, a residential neighborhood, is a haven of tranquility. It boasts spacious homes and scenic green spaces. The peaceful atmosphere, coupled with its proximity to shopping, dining, and recreational activities, makes it a perfect retreat for families and individuals alike.
Kingsbrook
Average Rent
$1,788/Month
Units Available
13 Rentals
Kingsbrook is a top choice for budget-conscious renters for a variety of reasons. The average rent in Kingsbrook is $1,788 while the city average is $1,758.
Kingsbrook Townhomes
Average Rent
$1,788/Month
Units Available
13 Rentals
When you’re looking for a great Frederick neighborhood on a budget, check out Kingsbrook Townhomes. The average rent is $1,788, compared to the city average of $1,758.
Kingsbrook Sovereign
Average Rent
$1,788/Month
Units Available
13 Rentals
Kingsbrook Sovereign is an affordable neighborhood in Frederick with an average rent price of $1,788. Compare this to the city average of $1,758.
Ballenger Creek
Average Rent
$1,850/Month
Year-Over-Year Rent Change
2.5%
Units Available
63 Rentals
If you’re looking for a great, affordable neighborhood in Frederick, Ballenger Creek might be the perfect place! It has an average rent price of $1,850, while the city’s average stands at $1,758. In the last year, prices have increased by 2.5%. Ballenger Creek is near Kingsbrook Crossing, Washington Dulles International, and Ballenger Creek Plaza.
Walnut Ridge
Average Rent
$1,865/Month
Year-Over-Year Rent Change
5%
Units Available
13 Rentals
Walnut Ridge is a top choice for budget-conscious renters for a variety of reasons. The average rent in Walnut Ridge is $1,865 while the city average is $1,758. This is a -5% difference from last year. Residents enjoy convenient access to Fountain Rock Park and Nature Center, The Children's Museum of Rose Hill Manor Park, and Hood College.
Whittier Pond
Average Rent
$1,865/Month
Units Available
13 Rentals
When you’re looking for a great Frederick neighborhood on a budget, check out Whittier Pond. The average rent is $1,865, compared to the city average of $1,758.
Monocacy Village
Average Rent
$1,886/Month
Units Available
13 Rentals
Monocacy Village is an affordable neighborhood in Frederick with an average rent price of $1,886. Compare this to the city average of $1,758. Monocacy Village provides easy access to Washington Dulles International, The Children's Museum of Rose Hill Manor Park, and Hagerstown Community College.
Old Farm
Average Rent
$1,946/Month
Units Available
12 Rentals
If you’re looking for a great, affordable neighborhood in Frederick, Old Farm might be the perfect place! It has an average rent price of $1,946, while the city’s average stands at $1,758. Old Farm is near Whittier Lakefront Center, Walnut Ridge Shopping Center, and Mount Saint Mary's University.
Ready to make your move to Frederick? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.