Best 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 December 18, 2025, the average rent in Frederick is $1,700, which is 0.5% 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
$1,446/Month
Year-Over-Year Rent Change
14.1%
TransitScore® Rating
29/100
Units Available
11 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
$1,743/Month
TransitScore® Rating
28/100
Units Available
22 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 $1,743, while the city’s average stands at $1,700. The Residences at the Manor is near Hagerstown Regional/Richard A Henson Field, Hood College, and Monocacy National Battlefield.
Waterford
Average Rent
$1,760/Month
Year-Over-Year Rent Change
2.2%
TransitScore® Rating
27/100
Units Available
14 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
$1,783/Month
Units Available
21 Rentals
Kingsbrook is a top choice for budget-conscious renters for a variety of reasons. The average rent in Kingsbrook is $1,783 while the city average is $1,700. Residents enjoy convenient access to Fountain Rock Park and Nature Center, Crumland Farms, and Montgomery College.
Kingsbrook Townhomes
Average Rent
$1,783/Month
Units Available
21 Rentals
When you’re looking for a great Frederick neighborhood on a budget, check out Kingsbrook Townhomes. The average rent is $1,783, compared to the city average of $1,700. Kingsbrook Townhomes is convenient to Hood College, Summers Farm, and The Children's Museum of Rose Hill Manor Park.
Kingsbrook Sovereign
Average Rent
$1,783/Month
Units Available
21 Rentals
Kingsbrook Sovereign is an affordable neighborhood in Frederick with an average rent price of $1,783. Compare this to the city average of $1,700. Kingsbrook Sovereign provides easy access to Montgomery College, Fountain Rock Park and Nature Center, and Monocacy National Battlefield.
Ballenger Creek
Average Rent
$1,857/Month
Year-Over-Year Rent Change
2.8%
TransitScore® Rating
1/100
Units Available
60 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 $1,857, while the city’s average stands at $1,700. In the last year, prices have increased by 2.8%. Ballenger Creek is near Ballenger Creek Plaza, Washington Dulles International, and The Children's Museum of Rose Hill Manor Park.
Old Farm
Average Rent
$2,027/Month
TransitScore® Rating
18/100
Units Available
10 Rentals
Old Farm is a top choice for budget-conscious renters for a variety of reasons. The average rent in Old Farm is $2,027 while the city average is $1,700. Residents enjoy convenient access to Shepherd University, Hagerstown Regional/Richard A Henson Field, and Crumland Farms. The neighborhood is considered somewhat walkable with a WalkScore® of 57.
Walnut Ridge
Average Rent
$2,027/Month
Year-Over-Year Rent Change
9.2%
TransitScore® Rating
16/100
Units Available
10 Rentals
When you’re looking for a great Frederick neighborhood on a budget, check out Walnut Ridge. The average rent is $2,027, compared to the city average of $1,700. Rent prices have increased by 9.2%. Walnut Ridge is convenient to Shepherd University, Whittier Lakefront Center, and Crumland Farms. The community is car-dependent with a WalkScore® of 49.
Whittier Pond
Average Rent
$2,027/Month
Units Available
10 Rentals
Whittier Pond is an affordable neighborhood in Frederick with an average rent price of $2,027. Compare this to the city average of $1,700. Whittier Pond provides easy access to Hagerstown Community College, Hood College, and Walnut Ridge Shopping Center.
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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.