Cheap Apartments for Rent in the Downtown Frederick Neighborhood of Frederick, MD from $1,105 (13 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Frederick area of Frederick.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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401 S Market St
1 to 2 Bedroom Apartments

401 S Market St

401 S Market StFrederick, MD 21701
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23-27 E 3rd St
Studio Apartments

23-27 E 3rd St

23-27 E 3rd StFrederick, MD 21701
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Lincoln Apartments
1 to 3 Bedroom Apartments

Lincoln Apartments

200-296 Phebus AveFrederick, MD 21701

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Cheapest Available Downtown Frederick Apartments for Rent

 

The cheapest available apartment rental in the Downtown Frederick area of Frederick, MD is a 1 Bed unit found at Foundry Square Apartments priced from $1,299. Ox Fibre Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,324. Here are the most affordable Downtown Frederick apartments for rent in Frederick, MD:

Apartment ListingModel NameBed/BathPriced From
Foundry Square Apartments1 Bedroom- Sterling Lodge (Senior 62+)1BR,1BA$1,299
Ox Fibre ApartmentsTwo Bedroom2BR,2BA$1,324
Francis Scott KeyTwo Bedroom/1.5 Bath Affordable2BR,1BA$1,648

Best Value Apartments for Rent in Downtown Frederick, MD

As of September 10, 2026 the best value apartment in the Downtown Frederick area is the $1.18 price per square foot 243 E 2nd St Model at 243 E 2nd St in the in the Taskers Chance neighborhood starting from $1,300. The second greatest value Downtown Frederick apartment is the Two Bedroom/1.5 Bath Affordable Model at Francis Scott Key starting at $1,648 with a $1.78 price per square foot in the Taskers Chance neighborhood. Here is today’s list of the best values for Downtown Frederick apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
243 E 2nd St243 E 2nd St1BR,1BA$1.18
Francis Scott KeyTwo Bedroom/1.5 Bath Affordable2BR,1.5BA$1.78
Ox Fibre ApartmentsThree Bedroom3BR,2BA$2.17
Foundry Square Apartments1 Bedroom- Iron Hall1BR,1BA$2.38

Frequently Asked Questions about Cheap Downtown Frederick Apartments

What is the price of a cheap apartment in Downtown Frederick?

The cheapest apartment in Downtown Frederick is Foundry Square Apartments which is listed at $1,299, while the average apartment in Downtown Frederick costs $1,649.

What types of apartments are the cheapest in Downtown Frederick?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 8 regular apartments in Downtown Frederick that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Downtown Frederick?

Cheap apartments in Downtown Frederick have an average cost of $991 which is $658 cheaper than the average rent for all rentals in Downtown Frederick.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.