
Cheap Apartments for Rent in the Franklin Knolls Neighborhood of Silver Spring, MD from $700 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in the Franklin Knolls area of Silver Spring.


1840 Apartments

Northwest Park Apartments

Tanglewood Apartments
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.

Croydon Manor Apartments

Nob Hill

Ken Mil Apartments

Forest Park
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Franklin Knolls, Silver Spring, MD Local Guide

How much does it cost to rent an apartment in Franklin Knolls?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin Knolls Studio Apartments | $1,253 | $705 | $1,510 |
| Franklin Knolls 1 Bedroom Apartments | $1,408 | $1,268 | $1,651 |
| Franklin Knolls 2 Bedroom Apartments | $1,736 | $1,565 | $1,998 |
| Franklin Knolls 3 Bedroom Apartments | $2,031 | $1,957 | $2,139 |
Browse Apartments in this Neighborhood
There are currently 8 rentals with your search options within a 1 mile radius of the Franklin Knolls Neighborhood of Silver Spring, MD.
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Franklin Knolls, Silver Spring, MD Local Guide
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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 Northwest Park Apartments priced from $1,268. Wayne Manchester Towers Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,363. Here are the most affordable Franklin Knolls apartments for rent in Washington, MD:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Northwest Park Apartments | 1 BR + 1 BA Apartment | 1BR,1BA | $1,268 |
| Wayne Manchester Towers Apartments | 1 Bedroom, 1 Bath | 1BR,1BA | $1,363 |
| Park Montgomery West | 1 Bedroom | 1BR,1BA | $1,376 |
Best Value Apartments for Rent in Franklin Knolls, MD
As of June 07, 2026 the best value apartment in the Franklin Knolls area is the $1.89 price per square foot 2 Bedrooms, 1 Bath Model at Wayne Manchester Towers Apartments in the in the Kilmarock neighborhood starting from $1,869. The second greatest value Franklin Knolls apartment is the Sligo Model at 1840 Apartments starting at $1,775 with a $1.90 price per square foot in the Kilmarock neighborhood. Here is today’s list of the best values for Franklin Knolls apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Wayne Manchester Towers Apartments | 2 Bedrooms, 1 Bath | 2BR,1BA | $1.89 |
| 1840 Apartments | Sligo | 2BR,1BA | $1.90 |
| Forest Park | 2 Bedroom 1 Bath Floor Plan | 2BR,1BA | $2.03 |
| Park Montgomery West | 2 Bedroom | 2BR,1.5BA | $2.15 |
| Northwest Park Apartments | 2 BR + 1 BA Townhome | 2BR,1BA | $2.13 |
| 8705 Plymouth St | 2 Beds, 1 Baths | 2BR,1BA | $2.39 |
| Hampshire West | 1Bedroom 1Bathroom | 1BR,1BA | $2.24 |
| Nob Hill | 1 Bed 1 Bath | 1BR,1BA | $2.69 |
| Croydon Manor Apartments | 1 Bedroom / 1 Bath | 1BR,1BA | $2.72 |
| Tanglewood Apartments | Studio | Studio ,1BA | $4.60 |
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 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.
Pet Friendly LifestyleFranklin Knolls, Silver Spring, MD
Ranked #66
Among cities in Maryland for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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 Northwest Park Apartments which is listed at $1,268, while the average apartment in Franklin Knolls costs $2,039.
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 6 regular apartments in Franklin Knolls that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
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