Cheap Apartments for Rent in the Franklin Knolls Neighborhood of Silver Spring, MD from $500 (8 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Franklin Knolls area of Silver Spring.

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Nob Hill
Studio to 3 Bedroom Apartments

Nob Hill

9120 Piney Branch RdSilver Spring, MD 20903
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Ken Mil Apartments
Studio to 3 Bedroom Apartments

Ken Mil Apartments

9119 Manchester RdSilver Spring, MD 20901
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Franklin Knolls, Silver Spring, MD Local Guide

Cheapest Available Franklin Knolls Apartments for Rent

 

The cheapest available apartment rental in the Franklin Knolls area of Washington, MD is a 1 Bed unit found at Park Montgomery West priced from $506. Northwest Park Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,368. Here are the most affordable Franklin Knolls apartments for rent in Washington, MD:

Apartment ListingModel NameBed/BathPriced From
Park Montgomery West1 Bedroom1BR,1BA$506
Northwest Park Apartments2 BR + 1 BA Apartment2BR,1BA$1,368
Croydon Manor Apartments1 Bedroom / 1 Bath1BR,1BA$1,400

Best Value Apartments for Rent in Franklin Knolls, MD

As of October 23, 2025 the best value apartment in the Franklin Knolls area is the $1.08 price per square foot 2 Bedroom Model at Park Montgomery West in the in the Kilmarock neighborhood starting from $959. The second greatest value Franklin Knolls apartment is the 2 BR + 1 BA Townhome Model at Northwest Park Apartments starting at $1,548 with a $1.94 price per square foot in the New Hampshire Estates neighborhood. Here is today’s list of the best values for Franklin Knolls apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Park Montgomery West2 Bedroom2BR,1.5BA$1.08
Northwest Park Apartments2 BR + 1 BA Townhome2BR,1BA$1.94
Forest Park1 Bedroom 1 Bath Floor Plan1BR,1BA$1.95
Hampshire West1Bedroom 1Bathroom1BR,1BA$2.16
1840 ApartmentsFillmore1BR,1BA$2.08
Wayne Manchester Towers Apartments1 Bedroom, 1 Bath1BR,1BA$2.10
Nob Hill1 Bed 1 Bath1BR,1BA$2.67
Croydon Manor Apartments1 Bedroom / 1 Bath1BR,1BA$2.72
Tanglewood ApartmentsStudioStudio ,1BA$4.92

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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Pet Friendly Lifestyle
Franklin Knolls, Silver Spring, MD

Ranked #66

Among cities in Maryland for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Franklin Knolls Neighborhood in Silver Spring, MD

Walk Score®

29 / 100

Car-Dependent

Most errands require a car

Bike Score®

29 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

49 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Franklin Knolls Apartments

What is the price of a cheap apartment in Franklin Knolls?

The cheapest apartment in Franklin Knolls is Park Montgomery West which is listed at $506, while the average apartment in Franklin Knolls costs $1,758.

What types of apartments are the cheapest in Franklin Knolls?

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 41 regular apartments in Franklin Knolls 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 Franklin Knolls?

Cheap apartments in Franklin Knolls have an average cost of $827 which is $931 cheaper than the average rent for all rentals in Franklin Knolls.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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A Washington DC Local Expert's Guide to Top Affordable Neighborhoods for Renters in the DC Metro

Written by: Steve Lilly

I'm Steve, your ApartmentHomeLiving.com Local Expert for Washington, DC.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.