Last updated
Average Rent in Frederick 21702 & Rent Trends
Rent prices and market trends across 4 apartment communities in Frederick 21702, Frederick, MD. Updated daily.
Market Average
$1,920/mo
Lowest Available
$1,420/mo
cheapest unit on market
Communities
4
tracked daily
Units Listed
19
available now
Price Cuts This Week in Frederick 21702
11 listed units across 2 buildings offering 1 bed units in Frederick 21702 dropped their asking rent in the past 7 days, an average cut of $64/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| The Apartments at Elmwood Terrace | Unit 2 | $1,737 | $1,583 | $154 |
| Magnolia Haus | Unit 334, A1 | $2,046 | $1,971 | $75 |
| The Apartments at Elmwood Terrace | Unit 1 | $1,486 | $1,420 | $66 |
| Magnolia Haus | Unit 102, A2 | $1,985 | $1,920 | $65 |
| Magnolia Haus | Unit 323, A2 | $2,030 | $1,965 | $65 |
| Magnolia Haus | Unit 632, A4 | $2,135 | $2,070 | $65 |
| Magnolia Haus | Unit 121, A1 | $1,966 | $1,911 | $55 |
| Magnolia Haus | Unit 414, A2 | $2,000 | $1,945 | $55 |
Frederick 21702 vs Frederick, MD Average
Frederick 21702 is cheaper the Frederick, MD average by $260/mo (12%). The citywide average is $2,180/mo across all neighborhoods.
Is Rent Going Up or Down in Frederick 21702?
As of July 2026, the average rent in Frederick 21702 is $1,920 per month across 4 apartment communities and 19 available units.
The most affordable option is The Apartments at Elmwood Terrace starting at $1,420/mo. By unit type, a 1-bedroom averages $1,920/mo.
Prices range from $1,420 to $2,121 per month. The most common price point is the $2,000 range, where 9 units are currently listed.
Rent Price Distribution
Rent by Bedroom Type in Frederick 21702
Rent Prices by Apartment in Frederick 21702
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| The Apartments at Elmwood Terrace | $1,420/mo | $1,547/mo | 4 | 3.8 |
| Magnolia Haus | $1,920/mo | $2,023/mo | 13 | 4.3 |
| Vista View Apartments | $1,970/mo | $1,970/mo | 1 | 4.1 |
| The Park at Walnut Ridge | $2,025/mo | $2,025/mo | 1 | 4.7 |
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
$77,000/year
Based on the 30 percent rule, using our tracked average rent of $1,920/mo.
Comfortable income
$92,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,420/mo), you need to earn at least $57,000/year.
Cost of living in Frederick 21702
We only have live rent data for Frederick 21702 so far. The full cost of living breakdown (utilities, groceries, transportation, healthcare) is coming soon.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,920 |
| Estimated total | $1,920/mo |
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 are refreshed annually.
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 4 communities with daily-updated pricing and availability.