Cheap Homes for Rent in Lexington Terrace Neighborhood of Baltimore, MD from $500 (123 Rentals)

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Search the lowest-cost Homes available for rent right now in the Lexington Terrace area of Baltimore.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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property at 1620 N Calvert St

$850

1 Bedroom, 1 Bath Townhome for Rent

Available Now

1620 N Calvert St

BaltimoreMD21202

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 517 Mosher St

$899 - $974

1 To 2 Bedroom Rentals

Available Now

517 Mosher St

BaltimoreMD21217

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Cheapest Available Lexington Terrace Apartments for Rent

 

The cheapest available apartment rental in the Lexington Terrace area of Baltimore, MD is a 1 Bed unit found at Penn Square priced from $600. Midtown at Coppin Heights has the second lowest priced unit, which is a 3 Beds apartment currently listed from $848. Here are the most affordable Lexington Terrace apartments for rent in Baltimore, MD:

Apartment ListingModel NameBed/BathPriced From
Penn Square1 bdr1BR,1BA$600
Midtown at Coppin Heights3 Bed 1.5 Bath3BR,1BA$848
EastView on the AvenueTwo Bedroom B2BR,1BA$865
Renaissance at Reservoir HillOne Bedroom1BR,1BA$880
912 Saint Paul St1 Beds, 1 Baths1BR,1BA$900
Hampton Court ApartmentsOne Bedroom1BR,1BA$900
22 LightOne Bedroom1BR,1BA$915

Best Value Apartments for Rent in Lexington Terrace, MD

As of January 20, 2026 the best value apartment in the Lexington Terrace area is the $1.07 price per square foot 30 E Preston St Model at 30 E Preston St, Unit B in the in the Inner Harbor neighborhood starting from $2,790. The second greatest value Lexington Terrace apartment is the 2026 Druid Hill Ave Model at 2026 Druid Hill Ave, Unit 2 starting at $2,100 with a $0.91 price per square foot in the Inner Harbor neighborhood. Here is today’s list of the best values for Lexington Terrace apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
30 E Preston St, Unit B30 E Preston St3BR,3BA$1.07
2026 Druid Hill Ave, Unit 22026 Druid Hill Ave3BR,3BA$0.91
The Chateau and The RivieraRiviera - Two Bedroom2BR,1BA$1.13
2735 W North Ave, Unit #22735 W North Ave1BR,1BA$1.12
1720 McCulloh St, Unit 41720 McCulloh St1BR,1BA$0.85
834 N Carey St, Unit 3834 N Carey St1BR,1BA$0.85
1015 N Calvert St1 Bedroom1BR,1BA$0.95
Penn Square2 bdr2BR,1BA$0.80
Queen Esther Apartments2 bedroom townhome2BR,1BA$1.05
1013 St Paul St, Unit 41013 St Paul St4BR,2BA$0.74

Frequently Asked Questions about Lexington Terrace

What type of rentals are currently available in Lexington Terrace?

There are currently 1465 Apartments for Rent in Lexington Terrace, MD with pricing that ranges from $595 to $6,750. There are also 466 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lexington Terrace ranging from $500 to $12,500.

What is the current price range for Rental Homes in Lexington Terrace?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lexington Terrace ranges from $500 to $12,500 with an average monthly rent of $3,304.

How much are larger Three and Four Bedroom Rentals in Lexington Terrace?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lexington Terrace range from $848 to $5,720, while Three Bedroom Homes, Condos, and Townhomes for rent range from $700 to $8,500. Four Bedroom Single-Family rentals are also available starting from $650 and Four Bedroom Apartments start at $595.

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

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A Baltimore Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

Written by: Sarah Bregel

There are few cities more eclectic and diverse than Baltimore, Maryland. I should know. I've lived in various parts of Baltimore for most of my life.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.