Cheapest Neighborhoods in Silver Spring, MD
Some of the cheapest neighborhoods in Silver Spring are Montgomery Knolls, Gate Stone, and White Oak. These neighborhoods offer some of the lowest rent prices in Silver Spring, making them ideal for renters on a budget. As of July 31, 2026, the average rent in Silver Spring is $1,758, which is 1.6% 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.
Montgomery Knolls
Average Rent
$1,574/Month
Units Available
14 Rentals
When you’re looking for a great Silver Spring neighborhood on a budget, check out Montgomery Knolls. The average rent is $1,574, compared to the city average of $1,758.
Gate Stone
Average Rent
$1,578/Month
Units Available
35 Rentals
Gate Stone is an affordable neighborhood in Silver Spring with an average rent price of $1,578. Compare this to the city average of $1,758.
White Oak
Average Rent
$1,616/Month
Year-Over-Year Rent Change
1.3%
Units Available
76 Rentals
If you’re looking for a great, affordable neighborhood in Silver Spring, White Oak might be the perfect place! It has an average rent price of $1,616, while the city’s average stands at $1,758. In the last year, prices have decreased by 1.3%. White Oak is near Wheaton, UMD Observatory, and Brookside Gardens.
Glenmont Forest
Average Rent
$1,635/Month
Units Available
15 Rentals
Glenmont Forest is a top choice for budget-conscious renters for a variety of reasons. The average rent in Glenmont Forest is $1,635 while the city average is $1,758.
Glenmont Village
Average Rent
$1,645/Month
Units Available
15 Rentals
When you’re looking for a great Silver Spring neighborhood on a budget, check out Glenmont Village. The average rent is $1,645, compared to the city average of $1,758.
Greencastle Manor Condominiums
Average Rent
$1,721/Month
Units Available
17 Rentals
Greencastle Manor Condominiums is an affordable neighborhood in Silver Spring with an average rent price of $1,721. Compare this to the city average of $1,758.
Aspen Hill
Average Rent
$1,726/Month
Year-Over-Year Rent Change
0.3%
Units Available
125 Rentals
If you’re looking for a great, affordable neighborhood in Silver Spring, Aspen Hill might be the perfect place! It has an average rent price of $1,726, while the city’s average stands at $1,758. In the last year, prices have increased by 0.3%. Aspen Hill is near Ronald Reagan Washington Ntl, Montgomery Coll., Takoma Park, and Meadowside Nature Center.
Fairland
Average Rent
$1,728/Month
Year-Over-Year Rent Change
4.9%
Units Available
156 Rentals
Fairland is a top choice for budget-conscious renters for a variety of reasons. The average rent in Fairland is $1,728 while the city average is $1,758. This is a -4.9% difference from last year. Residents enjoy convenient access to Wheaton, Glenmont, and Greenbelt, Green/Yellow Line Center Platform.
Rossmoor
Average Rent
$1,736/Month
Units Available
56 Rentals
When you’re looking for a great Silver Spring neighborhood on a budget, check out Rossmoor. The average rent is $1,736, compared to the city average of $1,758. Rossmoor is convenient to Meadowside Nature Center, Baltimore/Washington International Thurgood Marshall, and White Flint.
Oxford Crossing
Average Rent
$1,736/Month
Units Available
56 Rentals
Oxford Crossing is an affordable neighborhood in Silver Spring with an average rent price of $1,736. Compare this to the city average of $1,758.
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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.