Cheap Apartments for Rent in Lexington, MA from $1,200 (35 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lexington.

property at 7 Old Colony Ln

7 Old Colony Ln

ArlingtonMA02476

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.

property at 10 Beaver Brook Rd

10 Beaver Brook Rd

WalthamMA02452
property at 109 Trapelo Rd

109 Trapelo Rd

WalthamMA02452
property at 85 Trapelo Rd

85 Trapelo Rd

WalthamMA02452

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.

property at 4 Old Colony Ln

4 Old Colony Ln

ArlingtonMA02476
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Waltham Overlook
$2,125 - $3,582
Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$2,125 - $3,582

Total Monthly Price
$2,125 - $3,582
1 to 2 Bedroom Apartments Available Now

Waltham Overlook

15 Dolores AveWaltham, MA 02452
Affordability
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4 Colonial Village Dr, Unit 4
$2,200
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200
1 Bedroom Apartment Available Now

4 Colonial Village Dr, Unit 4

4 Colonial Village DrArlington, MA 02474
Affordability
property at 146 Hibbert St

146 Hibbert St

ArlingtonMA02476
property at 8 Menotomy Rd

8 Menotomy Rd

ArlingtonMA02476

Boston Major Employer Neighborhood Guide: Living Near UMass, MGH, & State Street

Get the local scoop! ApartmentHomeLiving's Boston Expert reveals the best neighborhoods to rent for employees of UMass Boston, Mass General Hospital, State Street, and more.

property at 50 Cambridge Rd

50 Cambridge Rd

WoburnMA01801
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The Artemis at Arlington Heights
Rent Specials
$2,252 - $4,950
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,252 - $4,950

Total Monthly Price
$2,252 - $4,950
Studio to 3 Bedroom Apartments Available Now

The Artemis at Arlington Heights

1163 Massachusetts AveArlington, MA 02476
Pet Friendly
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61-63 Moraine St
1 to 2 Bedroom Apartments

61-63 Moraine St

61-63 Moraine StBelmont, MA 02478
  • Utilities Included
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Brookside Apartments
1 to 2 Bedroom Apartments

Brookside Apartments

5-7-10-12 Totman DrWoburn, MA 01801
  • Utilities Included

Explore Like a Local: The Insider's Guide to Boston

Explore Boston like a local with our guide to neighborhoods, history, and hidden gems. Discover the city's best apartments, from historic brownstones to modern high-rises, and find your perfect Boston home.

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Mass Ave, 898
Studio to 1 Bedroom Apartments

Mass Ave, 898

898 Massachusetts AveArlington, MA 02476
  • Utilities Included
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The Tremont
1 to 3 Bedroom Apartments

The Tremont

32 2nd AveBurlington, MA 01803
Corporate Housing
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Shaker Glen Village
1 to 2 Bedroom Apartments

Shaker Glen Village

241 Lexington StWoburn, MA 01801
  • Utilities Included

Lexington, MA Local Guide

Cheapest Neighborhoods for Apartments in Lexington, MA

Pricing Updated: 10/31/2025

Current apartment rentals in the Lexington, MA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Lexington Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Lexington$4,000$2,20022
Route 2$7,100$1,175727

Cheapest Available Lexington Apartments for Rent

 

The cheapest available apartment rental in Lexington, MA is a Studio unit found at 840-846 Massachusetts Ave in the Arlington Center neighborhood priced from $1,200. Old Colony Apartments in the Rock Meadow neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,850. Here is today’s list of the most affordable Lexington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
840-846 Massachusetts Ave840 - StudioStudio,1BA$1,200
Old Colony ApartmentsStudioStudio,1BA$1,850
Brookside ApartmentsA11BR,1BA$2,150
Tudor Glen VillageThe Cherry1BR,1BA$2,195
J.E. Furnished Apartments of WalthamFurnished StudioStudio,1BA$2,325
Shaker Glen VillageElm2BR,1BA$2,395
Sanctuary Winchester WestA31BR,1BA$2,437
Windsor Village at WalthamThe Dartmouth1BR,1BA$2,480

Best Value Apartments for Rent in Lexington, MA

As of October 31, 2025 the best value apartment in the Lexington area is the $0.33 price per square foot 48 Moulton Rd Model at 48 Moulton Rd, Unit 2 in the in the Rock Meadow neighborhood starting from $3,300. The second greatest value Lexington apartment is the 18 Moulton Rd Model at 18 Moulton Rd, Unit 2 starting at $2,600 with a $1.92 price per square foot in the Rock Meadow neighborhood. Here is today’s list of the best values for Lexington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
48 Moulton Rd, Unit 248 Moulton Rd3BR,2BA$0.33
18 Moulton Rd, Unit 218 Moulton Rd3BR,1BA$1.92
31 Captain Parker Arms, Unit 231 Captain Parker Arms3BR,2BA$3.08
25 Laurel St, Unit 25 Laurel St.25 Laurel St2BR,1BA$2.64
Windsor Village at WalthamThe Faneuil2BR,1.5BA$3.12
Battle Green Apartments2 Bed 2 Bath2BR,2BA$2.85
Shaker Glen VillageElm2BR,1BA$2.82
Tudor Glen VillageThe Cherry1BR,1BA$3.14
840-846 Massachusetts Ave846 - 1 Bedroom1BR,1BA$2.72
Brookside ApartmentsA11BR,1BA$3.20

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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Boston Neighborhood Guide: Living Near UMass, MGH, and State Street

Get the local scoop! ApartmentHomeLiving's Boston Expert reveals the best neighborhoods to rent for employees of UMass Boston, Mass General Hospital, State Street, and more.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Top Neighborhoods Near Boston Colleges and Universities

Learn About the Best Neighborhoods to Rent Near College Campuses in Boston, MA | Find Boston Off-Campus Student Housing at ApartmentHomeLiving.com

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lexington, MA Rentals by Map

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Getting Around Lexington, MA

Walk Score®

50 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

56 / 100

Bikeable

Some bike infrastructure

Transit Score®

26 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Lexington Apartments

What is a cheap apartment in Lexington?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lexington is under $2,480.

What is the price of a cheap apartment in Lexington?

The cheapest apartment in Lexington is 840-846 Massachusetts Ave which is listed at $1,900, while the average apartment in Lexington costs $5,550.

What types of apartments are the cheapest in Lexington?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 109 regular apartments in Lexington that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lexington?

Cheap apartments in Lexington have an average cost of $414 which is $5,136 cheaper than the average rent for all rentals in Lexington.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The 10 Best Affordable Neighborhoods in Boston, MA

Written by: Amelia Ramstead

Boston is known for its exciting combination of early American history and modern high-tech universities and employers.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.