Best Affordable Neighborhoods in Frederick, MD
Some of the cheapest neighborhoods in Frederick are Frederick Heights, Selwyn Farms, and The Residences at the Manor. These neighborhoods offer some of the lowest rent prices in Frederick, making them ideal for renters on a budget. As of December 17, 2025, the average rent in Frederick is $1,696, which is 0.8% lower 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.
Frederick Heights
Average Rent
$1,418/Month
Year-Over-Year Rent Change
15.3%
TransitScore® Rating
29/100
Units Available
14 Rentals
Frederick Heights, a diverse neighborhood, is a hub for affordable housing. The community feel, access to local parks, schools, and proximity to downtown Frederick make it a sought-after location. It's a perfect fit for those who enjoy suburban living with city conveniences at their fingertips.
Selwyn Farms
Average Rent
$1,646/Month
Year-Over-Year Rent Change
3.6%
TransitScore® Rating
30/100
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.
The Residences at the Manor
Average Rent
$1,710/Month
TransitScore® Rating
28/100
Units Available
22 Rentals
When you’re looking for a great Frederick neighborhood on a budget, check out The Residences at the Manor. The average rent is $1,710, compared to the city average of $1,696. The Residences at the Manor is convenient to Mount Saint Mary's University, Washington Dulles International, and Gambrill State Park. The community is walkable with a WalkScore® of 76.
Waterford
Average Rent
$1,762/Month
Year-Over-Year Rent Change
2.2%
TransitScore® Rating
27/100
Units Available
16 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.
Kingsbrook
Average Rent
$1,797/Month
Units Available
21 Rentals
Kingsbrook is an affordable neighborhood in Frederick with an average rent price of $1,797. Compare this to the city average of $1,696. Kingsbrook provides easy access to Westview Corner, Hood College, and Monocacy National Battlefield.
Kingsbrook Townhomes
Average Rent
$1,797/Month
Units Available
21 Rentals
If you’re looking for a great, affordable neighborhood in Frederick, Kingsbrook Townhomes might be the perfect place! It has an average rent price of $1,797, while the city’s average stands at $1,696. Kingsbrook Townhomes is near Montgomery College, Fountain Rock Park and Nature Center, and Shepherd University.
Kingsbrook Sovereign
Average Rent
$1,797/Month
Units Available
21 Rentals
Kingsbrook Sovereign is a top choice for budget-conscious renters for a variety of reasons. The average rent in Kingsbrook Sovereign is $1,797 while the city average is $1,696. Residents enjoy convenient access to Westview Promenade, Summers Farm, and Crumland Farms.
Ballenger Creek
Average Rent
$1,879/Month
Year-Over-Year Rent Change
2.8%
TransitScore® Rating
1/100
Units Available
61 Rentals
When you’re looking for a great Frederick neighborhood on a budget, check out Ballenger Creek. The average rent is $1,879, compared to the city average of $1,696. Rent prices have increased by 2.8%. Ballenger Creek is convenient to Crumland Farms, Montgomery College, and Summers Farm. The community is car-dependent with a WalkScore® of 40.
Monocacy Meadows
Average Rent
$2,191/Month
Units Available
16 Rentals
Monocacy Meadows is an affordable neighborhood in Frederick with an average rent price of $2,191. Compare this to the city average of $1,696. Monocacy Meadows provides easy access to Crumland Farms, Summers Farm, and Fountain Rock Park and Nature Center.
Nicodemus
Average Rent
$2,191/Month
TransitScore® Rating
21/100
Units Available
16 Rentals
If you’re looking for a great, affordable neighborhood in Frederick, Nicodemus might be the perfect place! It has an average rent price of $2,191, while the city’s average stands at $1,696. Nicodemus is near Montgomery College, Hood College, and Monocacy Village.
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.