Cheap Homes for Rent in Lexington Terrace Neighborhood of Baltimore, MD from $400 (83 Rentals)

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

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.

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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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property at 646 W Conway St

$750 - $765

1 Bedroom, 1 Bath Townhome for Rent

Available Now

646 W Conway St

BaltimoreMD21230
property at 1232 W Lafayette Ave

$780 - $950

Total Monthly Price

Total Monthly Price

Base Rent
$780 - $950
Total Monthly Price
$780 - $950

1 Bedroom, 1 Bath Home for Rent

Available Now

1232 W Lafayette Ave

BaltimoreMD21217

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 2301 Harlem Ave

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800
Total Monthly Price
$800

1 Bedroom, 1 Bath Townhome for Rent

Available Now

2301 Harlem Ave

BaltimoreMD21216

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 214 S Regester St

$950 - $1,000

Total Monthly Price

Total Monthly Price

Base Rent
$950 - $1,000
Total Monthly Price
$950 - $1,000

1 Bedroom, 1 Bath Townhome for Rent

Available Jun 1

214 S Regester St

BaltimoreMD21231
property at 1725 Hollins St

$950 - $1,695

1 To 3 Bedroom Rentals

Available Now

1725 Hollins St

BaltimoreMD21223

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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Cheapest Available Lexington Terrace Apartments for Rent

 

The cheapest available apartment rental in the Lexington Terrace area of Baltimore, MD is a 2 Beds unit found at Penn Square I priced from $797. 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 Square I2 Bedroom/1 Bath B2BR,1BA$797
Renaissance at Reservoir HillOne Bedroom1BR,1BA$880
HI-1001 W Lafayette Ave1/11BR,1BA$900
Hampton Court ApartmentsOne Bedroom1BR,1BA$900
22 LightOne Bedroom1BR,1BA$915
Saint Paul RegencyStudio apartmentStudio,1BA$925
Printers Square Apartments1 Bedroom1BR,1BA$933
Queen Esther Apartments2 bedroom townhome2BR,1BA$950

Best Value Apartments for Rent in Lexington Terrace, MD

As of April 29, 2026 the best value apartment in the Lexington Terrace area is the $1.10 price per square foot 836 Park Ave Model at 836 Park Ave, Unit Penthouse w-Roof-Top Deck in the in the Inner Harbor neighborhood starting from $3,250. The second greatest value Lexington Terrace apartment is the 2026 Druid Hill Ave Model at 2026 Druid Hill Ave, Unit 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.
836 Park Ave, Unit Penthouse w-Roof-Top Deck836 Park Ave2BR,2.5BA$1.10
2026 Druid Hill Ave, Unit Unit 22026 Druid Hill Ave3BR,3BA$0.85
1034 S Charles St, Unit 10341034 S Charles St2BR,2BA$1.09
The Chateau and The RivieraRiviera - Two Bedroom2BR,1BA$1.13
1718 McCulloh St, Unit 11718 McCulloh St1BR,1BA$0.95
1716 McCulloh St, Unit 21716 McCulloh StStudio ,1BA$0.88
1720 McCulloh St, Unit 41720 McCulloh St2BR,1BA$1.00
Queen Esther Apartments2 bedroom townhome2BR,1BA$1.05
HI-1911 W Baltimore St1/11BR,1BA$1.11
Penn Square I1 Bedroom/1 Bath A1BR,1BA$1.09

Frequently Asked Questions about Lexington Terrace

What type of rentals are currently available in Lexington Terrace?

There are currently 1463 Apartments for Rent in Lexington Terrace, MD with pricing that ranges from $600 to $7,833. There are also 405 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 $1,742.

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 $5,596, while Three Bedroom Homes, Condos, and Townhomes for rent range from $720 to $8,500. Four Bedroom Single-Family rentals are also available starting from $600 and Four Bedroom Apartments start at $1,247.

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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.