Most Affordable Neighborhoods in Frederick, MD
Some of the cheapest neighborhoods in Frederick are Frederick Heights, The Residences at the Manor, and Waterford. These neighborhoods offer some of the lowest rent prices in Frederick, making them ideal for renters on a budget. As of November 1, 2025, the average rent in Frederick is $1,700, which is 0.2% 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
$1,455/Month
Year-Over-Year Rent Change
12.3%
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.
The Residences at the Manor
Average Rent
$1,703/Month
TransitScore® Rating
28/100
Units Available
19 Rentals
If you’re looking for a great, affordable neighborhood in Frederick, The Residences at the Manor might be the perfect place! It has an average rent price of $1,703, while the city’s average stands at $1,700. The Residences at the Manor is near Hood College, Hagerstown Community College, and Crumland Farms.
Waterford
Average Rent
$1,765/Month
Year-Over-Year Rent Change
2%
TransitScore® Rating
27/100
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.
Kingsbrook
Average Rent
$1,872/Month
Units Available
17 Rentals
Kingsbrook is a top choice for budget-conscious renters for a variety of reasons. The average rent in Kingsbrook is $1,872 while the city average is $1,700. Residents enjoy convenient access to Mount Saint Mary's University, Shepherd University, and Hagerstown Regional/Richard A Henson Field.
Kingsbrook Townhomes
Average Rent
$1,872/Month
Units Available
17 Rentals
When you’re looking for a great Frederick neighborhood on a budget, check out Kingsbrook Townhomes. The average rent is $1,872, compared to the city average of $1,700. Kingsbrook Townhomes is convenient to Mount Saint Mary's University, Hagerstown Regional/Richard A Henson Field, and Fountain Rock Park and Nature Center.
Kingsbrook Sovereign
Average Rent
$1,872/Month
Units Available
17 Rentals
Kingsbrook Sovereign is an affordable neighborhood in Frederick with an average rent price of $1,872. Compare this to the city average of $1,700. Kingsbrook Sovereign provides easy access to Fountain Rock Park and Nature Center, Mount Saint Mary's University, and Hood College.
Ballenger Creek
Average Rent
$1,913/Month
Year-Over-Year Rent Change
4.7%
TransitScore® Rating
1/100
Units Available
40 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 $1,913, while the city’s average stands at $1,700. In the last year, prices have increased by 4.7%. Ballenger Creek is near Hagerstown Regional/Richard A Henson Field, Summers Farm, and The Children's Museum of Rose Hill Manor Park.
Fredericktowne Village
Average Rent
$2,009/Month
Year-Over-Year Rent Change
0.9%
TransitScore® Rating
21/100
Units Available
12 Rentals
Fredericktowne Village is a great neighborhood known for its community parks and access to local schools. Renters will appreciate the suburban feel while being close to major shopping centers and restaurants. The area is ideal for families seeking a close-knit community with modern conveniences.
Monocacy Village
Average Rent
$2,009/Month
Units Available
12 Rentals
Monocacy Village is a top choice for budget-conscious renters for a variety of reasons. The average rent in Monocacy Village is $2,009 while the city average is $1,700. Residents enjoy convenient access to Hagerstown Community College, Washington Dulles International, and Monocacy Village.
Tuscarora Creek
Average Rent
$2,046/Month
Year-Over-Year Rent Change
3.4%
TransitScore® Rating
0/100
Units Available
15 Rentals
Tuscarora Creek is a scenic, master-planned community offering modern homes, beautiful green spaces, and access to walking trails. Renters will enjoy the peaceful atmosphere and proximity to local amenities. The area is perfect for families and outdoor enthusiasts seeking a nature-focused suburban lifestyle.
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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.