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.

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.