
Cheap Apartments for Rent in the Schley Neighborhood of Frederick, MD from $1,012 (39 Rentals)
Search the lowest-cost Apartments available for rent right now in the Schley area of Frederick.


Ox Fibre Apartments

6378 Meandering Woods Ct

Foundry Square Apartments

Total Monthly Price
113 E Patrick St, Unit 3

41 E Patrick St

Sinclair Way

106 S Market St

Applegate
Rent According to Income: A Look at Income-Restricted Rentals
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The Junction (MD)

Total Monthly Price
344B W Patrick St, Unit Patrick Place

Total Monthly Price
208 E 3rd St, Unit 208 E 3rd

Total Monthly Price
25 N Market St

Potomac Commons

Francis Scott Key

Overlook East

Fieldpointe

Apartments at Sunset
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East of Market

Total Monthly Price
404 Elm St, Unit Apartment 2

446 E Patrick St

Derbyshire

1 W 10th St

2 James St

217 E Church St

Parkview Apartments

316 Upper College Ter
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The Cascades of Frederick - Ages 62+

100 E 5th St

Frederick Greenes Apartments

244 E Patrick St

501 Heather Ridge Dr

North Market - South Carroll Apartments

10 W All Saints St

4 Winchester St

222 Canfield Terrace
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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.

815 Stratford Way

232 E 2nd St

204 Broadway St
Schley, Frederick, MD Local Guide

How much does it cost to rent an apartment in Schley?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Schley Studio Apartments | $1,967 | $1,514 | $2,205 |
| Schley 1 Bedroom Apartments | $1,995 | $1,105 | $2,485 |
| Schley 2 Bedroom Apartments | $2,353 | $1,324 | $3,345 |
| Schley 3 Bedroom Apartments | $2,729 | $1,950 | $3,262 |
| Schley 4 Bedroom Apartments | $2,601 | $2,100 | $3,100 |
Browse Apartments in this Neighborhood
There are currently 39 rentals with your search options within a 2 mile radius of the Schley Neighborhood of Frederick, MD.
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Schley, Frederick, MD Local Guide
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Cheapest Available Schley Apartments for Rent
 The cheapest available apartment rental in the Schley 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 Schley apartments for rent in Frederick, MD:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Foundry Square Apartments | 1 Bedroom- Sterling Lodge (Senior 62+) | 1BR, 1BA | $1,299 |
| Ox Fibre Apartments | Two Bedroom | 2BR, 2BA | $1,324 |
| Sinclair Way | One Bedroom | 1BR, 1BA | $1,494 |
| 316 Upper College Ter | 1BR/1.0BA | 1BR, 1BA | $1,525 |
| The Cascades of Frederick - Ages 62+ | 1 Bedroom, 1 Bathroom | 1BR, 1BA | $1,531 |
| The Junction (MD) | 1H | 1BR, 1BA | $1,550 |
| Frederick Greenes Apartments | 2 Bedroom | 2BR, 1BA | $1,580 |
Best Value Apartments for Rent in Schley, MD
As of September 20, 2026 the best value apartment in the Schley area is the $1.48 price per square foot 404 Elm St Model at 404 Elm St, Unit Apartment 2 in the Taskers Chance neighborhood starting from $1,800. The second greatest value Schley apartment is the The Elm Model at Fieldpointe in the Taskers Chance neighborhood starting at $2,385 with a $1.99 price per square foot. Here is today’s list of the best values for Schley apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 404 Elm St, Unit Apartment 2 | 404 Elm St | 2BR, 1BA | $1.48 |
| Fieldpointe | The Elm | 3BR, 2BA | $1.99 |
| Applegate | 3 Bedroom | 3BR, 2BA | $2.00 |
| Potomac Commons | 1 Bedroom | 1BR, 1BA | $1.80 |
| Francis Scott Key | Two Bedroom/1.5 Bath Affordable | 2BR, 1.5BA | $1.78 |
| Ox Fibre Apartments | Three Bedroom | 3BR, 2BA | $2.17 |
| 25 N Market St | 25 N Market St | 1BR, 1BA | $1.78 |
| Fairway Vista Apartments | One Bedroom | 1BR, 1BA | $2.21 |
| Apartments at Sunset | Reno 1x1 | 1BR, 1BA | $2.15 |
| Foundry Square Apartments | 1 Bedroom- Sterling Lodge (Senior 62+) | 1BR, 1BA | $1.92 |
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.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
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Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Best Local Schools in Schley, Frederick, MD
North Frederick Elementary
Gov. Thomas Johnson High School
Gov. Thomas Johnson Middle
School data provided by Great Schools
Lifestyle Ratings
Our team of engineers and researchers compares millions of points of data to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities across the United States and customized analysis for Central Frederick. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, transit availability, pet-friendly communities, apartment communities for the kids, and more. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Schley Apartments
What is the price of a cheap apartment in Schley?
The cheapest apartment in Schley is Foundry Square Apartments which is listed at $1,299, while the average apartment in Schley costs $2,169.
What types of apartments are the cheapest in Schley?
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 27 regular apartments in Schley 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 Schley?
Cheap apartments in Schley have an average cost of $208 which is $1,961 cheaper than the average rent for all rentals in Schley.
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

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.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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.

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.