Last updated
Average Rent in Frederick 21702 & Rent Trends
Rent prices and market trends across 12 apartment communities in Frederick 21702, Frederick, MD. Updated daily.
Market Average
$1,894/mo
Lowest Available
$1,300/mo
cheapest unit on market
Communities
12
tracked daily
Units Listed
237
available now
Rent Watch: cuts and increases
Open Rent Watch →24 cuts and 22 increases among 56 comparable listings this week. Filter by bedrooms and budget, then inspect each building’s history.
- The Apartments at Elmwood Terrace
↓ $33/mo
Cut of 1.9% · Unit K-101
- Magnolia Haus
↑ $30/mo
Increase of 1.6% · Unit 415
Frederick 21702 vs Frederick, MD Average
Frederick 21702 is cheaper than the Frederick, MD average by $111/mo (6%). The citywide average is $2,005/mo across all neighborhoods.
Is Rent Going Up or Down in Frederick 21702?
As of October 2026, the average rent in Frederick 21702 is $1,894 per month across 12 apartment communities and 237 available units.
The most affordable option is Hickory Hill Apartments starting at $1,300/mo. By unit type, a 1-bedroom averages $1,733/mo, a 2-bedroom averages $1,866/mo, a 3-bedroom averages $2,265/mo, a 4-bedroom averages $3,029/mo.
Prices range from $1,300 to $3,758 per month. The most common price point is the $1,600 range, where 91 units are currently listed.
Frederick 21702 Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| July 2026 | $2,110 | - | 5 |
| August 2026 | $2,099 | -$11 | 5 |
| September 2026 | $2,058 | -$41 | 5 |
| October 2026 | $1,963 | -$95 | 14 |
The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Frederick 21702
Rent Prices by Apartment in Frederick 21702
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Hickory Hill Apartments | $1,300/mo | $1,300/mo | 1 | 3.1 |
| Creekside at Taskers Chance | $1,355/mo | $1,355/mo | 1 | 4.1 |
| Westwinds Apartments | $1,371/mo | $2,163/mo | 10 | 3.5 |
| The Apartments at Elmwood Terrace | $1,423/mo | $1,704/mo | 45 | 3.8 |
| The Apartments at Elmwood Terrace/Hunters Glen | $1,423/mo | $1,704/mo | 45 | 5 |
| Willowdale Crossing Apartments | $1,540/mo | $1,708/mo | 55 | 3.8 |
| Residences At The Manor | $1,604/mo | $1,993/mo | 11 | 4 |
Frequently Asked Questions About Rent in Frederick 21702
What is the average rent in Frederick 21702?
Is rent going up or down in Frederick 21702?
What is the cheapest apartment in Frederick 21702?
How much is a 1-bedroom apartment in Frederick 21702?
How many apartments are available in Frederick 21702?
What salary do I need to live comfortably in Frederick 21702?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$76,000/year
Based on the 30 percent rule, using our tracked average rent of $1,894/mo.
Comfortable income
$91,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,300/mo), you need to earn at least $52,000/year.
Median household income in Frederick 21702 is $95,150 , about 5% above the comfortable-living threshold.
Cost of living in Frederick 21702
Overall prices in Frederick 21702 runs above the national average by about 10% (BEA Regional Price Parity index 109.5, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Frederick 21702's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,894 |
| Utilities | $653 |
| Groceries | $574 |
| Transportation | $1,557 |
| Healthcare | $759 |
| Other goods and services | $1,215 |
| Estimated total | $6,652/mo |
Population
80,617
Median household income
$95,150
Census median rent
$1,688/mo
Census rent burden
31.3%
Median age
37.1
Mean commute
30 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Frederick 21702 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Frederick 21702 Apartments
Browse all 12 communities with daily-updated pricing and availability.