Best Affordable Neighborhoods in Frederick, MD
Some of the cheapest neighborhoods in Frederick are Frederick Heights, The Residences at the Manor, and Kingsbrook. These neighborhoods offer some of the lowest rent prices in Frederick, making them ideal for renters on a budget. As of March 19, 2026, the average rent in Frederick is $1,725, which is 0.4% 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.
Frederick Heights
Average Rent
$1,366/Month
Year-Over-Year Rent Change
23%
Units Available
12 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.
The Residences at the Manor
Average Rent
$1,705/Month
Units Available
21 Rentals
The Residences at the Manor is a top choice for budget-conscious renters for a variety of reasons. The average rent in The Residences at the Manor is $1,705 while the city average is $1,725. Residents enjoy convenient access to Washington Dulles International, Hagerstown Regional/Richard A Henson Field, and Willowtree Plaza.
Kingsbrook
Average Rent
$1,744/Month
Units Available
20 Rentals
When you’re looking for a great Frederick neighborhood on a budget, check out Kingsbrook. The average rent is $1,744, compared to the city average of $1,725. Kingsbrook is convenient to Summers Farm, Westview Corner, and Fountain Rock Park and Nature Center.
Kingsbrook Townhomes
Average Rent
$1,744/Month
Units Available
20 Rentals
Kingsbrook Townhomes is an affordable neighborhood in Frederick with an average rent price of $1,744. Compare this to the city average of $1,725. Kingsbrook Townhomes provides easy access to Westview Corner, Mount Saint Mary's University, and Shepherd University.
Kingsbrook Sovereign
Average Rent
$1,744/Month
Units Available
20 Rentals
If you’re looking for a great, affordable neighborhood in Frederick, Kingsbrook Sovereign might be the perfect place! It has an average rent price of $1,744, while the city’s average stands at $1,725. Kingsbrook Sovereign is near Hood College, Mount Saint Mary's University, and Kingsbrook Crossing.
Waterford
Average Rent
$1,773/Month
Year-Over-Year Rent Change
5.2%
Units Available
10 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.
Ballenger Creek
Average Rent
$1,889/Month
Year-Over-Year Rent Change
0.6%
Units Available
62 Rentals
Ballenger Creek is a top choice for budget-conscious renters for a variety of reasons. The average rent in Ballenger Creek is $1,889 while the city average is $1,725. This is a 0.6% difference from last year. Residents enjoy convenient access to Westview Corner, Ballenger Creek Plaza, and Monocacy National Battlefield.
Old Farm
Average Rent
$1,986/Month
Units Available
10 Rentals
When you’re looking for a great Frederick neighborhood on a budget, check out Old Farm. The average rent is $1,986, compared to the city average of $1,725. Old Farm is convenient to Hood College, Fountain Rock Park and Nature Center, and Washington Dulles International.
Walnut Ridge
Average Rent
$1,986/Month
Year-Over-Year Rent Change
2.1%
Units Available
10 Rentals
Walnut Ridge is an affordable neighborhood in Frederick with an average rent price of $1,986. Compare this to the city average of $1,725. In the past year, rent prices have increased by 2.1%. Walnut Ridge provides easy access to Mount Saint Mary's University, Summers Farm, and Hood College.
Whittier Pond
Average Rent
$1,986/Month
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Frederick, Whittier Pond might be the perfect place! It has an average rent price of $1,986, while the city’s average stands at $1,725. Whittier Pond is near Whittier Lakefront Center, Gambrill State Park, and The Children's Museum of Rose Hill Manor Park.
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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.