Cheap Homes for Rent in Lexington Terrace Neighborhood of Baltimore, MD from $400 (101 Rentals)

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

property at 2206 Penrose Ave

$600

Total Monthly Price

Total Monthly Price

Base Rent
$600
Total Monthly Price
$600

5 Bedroom, 2.5 Bath Townhome for Rent

Available Now

2206 Penrose Ave

BaltimoreMD21223

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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property at 646 W Conway St

$750 - $765

1 Bedroom, 1 Bath Townhome for Rent

Available Now

646 W Conway St

BaltimoreMD21230

Charm City Commute: The Best Baltimore Neighborhoods for Renting Near Top Employers

Explore the best places to live in Baltimore, from Charles Village to Fells Point, with a guide for employees of the city's major employers.

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property at 1216 W Lafayette Ave

$800 - $860

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Total Monthly Price

Base Rent
$800 - $860
Total Monthly Price
$800 - $860

1 Bedroom, 1 Bath Condo for Rent

Available Now

1216 W Lafayette Ave

BaltimoreMD21217

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 1232 W Lombard St

$850 - $880

Total Monthly Price

Total Monthly Price

Base Rent
$850 - $880
Total Monthly Price
$850 - $880

1 Bedroom, 0.5 Bath Home for Rent

Available Now

1232 W Lombard St

BaltimoreMD21223
property at 1620 N Calvert St

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$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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Showing Results 1-50, Page 1 of 3

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. Renaissance at Reservoir Hill has the second lowest priced unit, which is a 1 Bed apartment currently listed from $880. Here are the most affordable Lexington Terrace apartments for rent in Baltimore, MD:

Apartment ListingModel NameBed/BathPriced From
Penn Square1 bdr1BR,1BA$600
Renaissance at Reservoir HillOne Bedroom1BR,1BA$880
EastView on the AvenueOne Bedroom1BR,1BA$880
22 LightOne Bedroom1BR,1BA$915
Saint Paul RegencyStudio apartmentStudio,1BA$925

Best Value Apartments for Rent in Lexington Terrace, MD

As of March 14, 2026 the best value apartment in the Lexington Terrace area is the $0.96 price per square foot 1005 N Arlington Ave Model at 1005 N Arlington Ave, Unit Arlington A in the in the Inner Harbor neighborhood starting from $2,400. The second greatest value Lexington Terrace apartment is the 2026 Druid Hill Ave Model at 2026 Druid Hill Ave, Unit 2 starting at $1,950 with a $0.85 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.
1005 N Arlington Ave, Unit Arlington A1005 N Arlington Ave4BR,3BA$0.96
2026 Druid Hill Ave, Unit 22026 Druid Hill Ave3BR,3BA$0.85
2735 W North Ave, Unit #22735 W North Ave1BR,1BA$1.10
1720 McCulloh St, Unit 41720 McCulloh St1BR,1BA$0.85
834 N Carey St, Unit 3834 N Carey St1BR,1BA$0.85
1718 McCulloh St, Unit 11718 McCulloh St1BR,1BA$0.95
314 N Calhoun St, Unit 1314 N Calhoun St1BR,1BA$0.90
Penn Square2 bdr2BR,1BA$0.80
Queen Esther Apartments2 bedroom townhome2BR,1BA$1.05
HI-1911 W Baltimore St1/11BR,1BA$1.11

Frequently Asked Questions about Lexington Terrace

What type of rentals are currently available in Lexington Terrace?

There are currently 1474 Apartments for Rent in Lexington Terrace, MD with pricing that ranges from $500 to $8,026. There are also 456 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lexington Terrace ranging from $475 to $11,000.

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 $475 to $11,000 with an average monthly rent of $1,795.

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 $1,040 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 $600 and Four Bedroom Apartments start at $983.

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.

Helpful Local Expert Guides

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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.

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Beyond the Classroom: Discovering Baltimores Best Student Friendly Neighborhoods

Written by: Sarah Bregel

Baltimore, Maryland is an incredibly vibrant town known for some amazing colleges. I had the pleasure of growing up sandwiched between a few of them.

decorative image for Charm City Commute: The Best Baltimore Neighborhoods for Renting Near Top Employers article

Charm City Commute: The Best Baltimore Neighborhoods for Renting Near Top Employers

Written by: Sarah Bregel

Baltimore, Maryland may have a reputation for being crime-ridden and dirty (you really hurt us, The Wire). But honestly, as a longtime resident, I have to let you in on something: that couldn't be further from the truth.

Articles, How-To's, and Tips

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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.