Cheap Apartments for Rent in the Mount Olivet Heights Neighborhood of Frederick, MD from $800 (67 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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316 East Patrick Street
$1,550
Total Monthly Price

Total Monthly Price

Base Rent
$1,550
Total Monthly Price
$1,550
1 Bedroom Apartment Available May 1

316 East Patrick Street

316 East Patrick StreetFrederick, MD 21701
Affordability
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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Derbyshire
Studio to 2 Bedroom Apartments

Derbyshire

798 Wembley DrFrederick, MD 21701
  • Utilities Included
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2 James St
2 Bedroom Apartments

2 James St

2 James StFrederick, MD 21701
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Creekside at Taskers Chance
1 to 2 Bedroom Apartments

Creekside at Taskers Chance

100 Burgess Hill WayFrederick, MD 21702
Senior Living
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Hamilton Station
1 to 3 Bedroom Apartments

Hamilton Station

33 Hamilton AveFrederick, MD 21701

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Mount Olivet Heights, Frederick, MD Local Guide

Cheapest Available Mount Olivet Heights Apartments for Rent

 

The cheapest available apartment rental in the Mount Olivet Heights area of Frederick, MD is a 2 Beds unit found at Sinclair Way priced from $886. Princeton Court has the second lowest priced unit, which is a Studio apartment currently listed from $1,224. Here are the most affordable Mount Olivet Heights apartments for rent in Frederick, MD:

Apartment ListingModel NameBed/BathPriced From
Sinclair WayTwo Bedroom2BR,1BA$886
Princeton CourtStudioStudio,1BA$1,224
The Westwinds1 Bedroom, 1 Bath1BR,1BA$1,289
Foundry Square Apartments1 Bedroom- Sterling Lodge (Senior 62+)1BR,1BA$1,299
Creekside at Taskers Chance1 Bed, 1 Bath1BR,1BA$1,305
Ox Fibre ApartmentsOne Bedroom1BR,1BA$1,388
The Cascades of Frederick - Ages 62+1 Bedroom, 1 Bathroom1BR,1BA$1,531
Frederick Greenes Apartments1 Bedroom1BR,1BA$1,534
Francis Scott KeyTwo Bedroom/Two Bath Affordable2BR,2BA$1,648

Best Value Apartments for Rent in Mount Olivet Heights, MD

As of April 25, 2026 the best value apartment in the Mount Olivet Heights area is the $1.75 price per square foot 419 N Market St Model at 419 N Market St, Unit Apt A in the in the Taskers Chance neighborhood starting from $1,745. The second greatest value Mount Olivet Heights apartment is the 1 Bedroom Model at Potomac Commons starting at $1,789 with a $1.88 price per square foot in the Taskers Chance neighborhood. Here is today’s list of the best values for Mount Olivet Heights apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
419 N Market St, Unit Apt A419 N Market St2BR,1BA$1.75
Potomac Commons1 Bedroom1BR,1BA$1.88
116 E Patrick St, Unit 6116 E Patrick St1BR,1BA$1.89
Francis Scott KeyTwo Bedroom/1.5 Bath (TC)2BR,1.5BA$1.94
Prospect Hall ApartmentsWilde1BR,1BA$2.13
Clearbrook ApartmentsThe Amsterdam1BR,1BA$2.02
478A W South St, Unit B478A W South St1BR,1BA$1.75
Foundry Square Apartments1 Bedroom- Iron Hall1BR,1BA$2.15
The Westwinds1 Bedroom, 1 Bath1BR,1BA$1.76
Sinclair WayOne Bedroom1BR,1BA$1.51

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Best Local Schools in
Mount Olivet Heights, Frederick, MD

School data provided by Great Schools

Lifestyle Ratings

This website is happy to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities, and rental properties across Maryland including Mount Olivet Heights, Frederick, and the greater Frederick area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and easy access to the parks, transit availability, pet-friendly communities, family-friendly amenities, and other valuable search options. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Mount Olivet Heights Apartments

What is a cheap apartment in Mount Olivet Heights?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Mount Olivet Heights is under $1,648.

What is the price of a cheap apartment in Mount Olivet Heights?

The cheapest apartment in Mount Olivet Heights is Sinclair Way which is listed at $1,015, while the average apartment in Mount Olivet Heights costs $2,539.

What types of apartments are the cheapest in Mount Olivet Heights?

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 15 regular apartments in Mount Olivet Heights 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 Mount Olivet Heights?

Cheap apartments in Mount Olivet Heights have an average cost of $226 which is $2,313 cheaper than the average rent for all rentals in Mount Olivet Heights.

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

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.