Most Affordable Neighborhoods in Silver Spring, MD
Some of the cheapest neighborhoods in Silver Spring are Montgomery Knolls, Highland View of Sligo Park, and Gate Stone. These neighborhoods offer some of the lowest rent prices in Silver Spring, making them ideal for renters on a budget. As of July 29, 2025, the average rent in Silver Spring is $1,816, which is 1.7% 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.
Montgomery Knolls
Average Rent
$1,477/Month
Units Available
18 Rentals
Montgomery Knolls is an affordable neighborhood in Silver Spring with an average rent price of $1,477. Compare this to the city average of $1,816. Montgomery Knolls provides easy access to Wheaton Regional Park, Forest Glen, and Trinity Washington University.
Highland View of Sligo Park
Average Rent
$1,538/Month
TransitScore® Rating
55/100
Units Available
11 Rentals
If you’re looking for a great, affordable neighborhood in Silver Spring, Highland View of Sligo Park might be the perfect place! It has an average rent price of $1,538, while the city’s average stands at $1,816. Highland View of Sligo Park is near Montgomery College Planetarium, Montgomery Coll., Takoma Park, and Flower Center.
Gate Stone
Average Rent
$1,613/Month
TransitScore® Rating
53/100
Units Available
58 Rentals
Gate Stone is a top choice for budget-conscious renters for a variety of reasons. The average rent in Gate Stone is $1,613 while the city average is $1,816. Residents enjoy convenient access to UMD Observatory, Trinity Washington University, and Forest Glen. The neighborhood is considered car-dependent with a WalkScore® of 35.
White Oak
Average Rent
$1,624/Month
Year-Over-Year Rent Change
2.6%
TransitScore® Rating
41/100
Units Available
107 Rentals
When you’re looking for a great Silver Spring neighborhood on a budget, check out White Oak. The average rent is $1,624, compared to the city average of $1,816. Rent prices have increased by 2.6%. White Oak is convenient to Ronald Reagan Washington Ntl, Univ. District of Columbia, and White Oak. The community is somewhat walkable with a WalkScore® of 52.
Dumont Oaks
Average Rent
$1,652/Month
Units Available
20 Rentals
Dumont Oaks is an affordable neighborhood in Silver Spring with an average rent price of $1,652. Compare this to the city average of $1,816. Dumont Oaks provides easy access to Silver Spring, Woodmoor Shopping Center, and White Oak.
Glenmont Forest
Average Rent
$1,652/Month
TransitScore® Rating
59/100
Units Available
20 Rentals
If you’re looking for a great, affordable neighborhood in Silver Spring, Glenmont Forest might be the perfect place! It has an average rent price of $1,652, while the city’s average stands at $1,816. Glenmont Forest is near Wheaton Regional Park, Glenmont Shopping Center, and Montgomery College, Rockville.
Oakfield
Average Rent
$1,652/Month
TransitScore® Rating
58/100
Units Available
20 Rentals
Oakfield is a top choice for budget-conscious renters for a variety of reasons. The average rent in Oakfield is $1,652 while the city average is $1,816. Residents enjoy convenient access to Wheaton Regional Park, Glenmont Shopping Center, and Glenmont. The neighborhood is considered somewhat walkable with a WalkScore® of 62.
The Vineyards Condominiums
Average Rent
$1,655/Month
TransitScore® Rating
46/100
Units Available
17 Rentals
When you’re looking for a great Silver Spring neighborhood on a budget, check out The Vineyards Condominiums. The average rent is $1,655, compared to the city average of $1,816. The Vineyards Condominiums is convenient to Catholic University, College Park-U Of Md, Green/Yellow Line Center Platform, and Montgomery Coll., Takoma Park. The community is car-dependent with a WalkScore® of 49.
Glenmont Village
Average Rent
$1,666/Month
Units Available
20 Rentals
Glenmont Village is an affordable neighborhood in Silver Spring with an average rent price of $1,666. Compare this to the city average of $1,816. Glenmont Village provides easy access to Wheaton Park, Ronald Reagan Washington Ntl, and Wheaton Shopping Center.
Layhill South
Average Rent
$1,744/Month
TransitScore® Rating
0/100
Units Available
11 Rentals
If you’re looking for a great, affordable neighborhood in Silver Spring, Layhill South might be the perfect place! It has an average rent price of $1,744, while the city’s average stands at $1,816. Layhill South is near Montgomery Coll., Takoma Park, Meadowside Nature Center, and University of Maryland.
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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.