
Cheap Apartments for Rent in the Downtown Lexington Neighborhood of Lexington, MA from $1,350 (3 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Lexington area of Lexington.

Boston's Best Affordable Neighborhoods
Learn about Boston and the best places to live around the area with original content written by our Boston, MA Local Expert Amelia Ramstead

Captain Parker Arms
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Seven Springs
Downtown Lexington, Lexington, MA Local Guide

How much does it cost to rent an apartment in Downtown Lexington?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Downtown Lexington 1 Bedroom Apartments | $3,022 | $2,400 | $3,385 |
| Downtown Lexington 2 Bedroom Apartments | $3,421 | $2,600 | $4,226 |
| Downtown Lexington 3 Bedroom Apartments | $4,499 | $4,499 | $4,499 |
Browse Apartments in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Downtown Lexington Neighborhood of Lexington, MA.
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Downtown Lexington, Lexington, MA Local Guide
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Best Value Apartments for Rent in Downtown Lexington, MA
As of August 26, 2026 the best value apartment in the Downtown Lexington area is the $3.27 price per square foot 3 Bedroom / 2 Bath Model at Captain Parker Arms in the in the Woodhaven neighborhood starting from $4,400. The second greatest value Downtown Lexington apartment is the 2 Bed 2 Bath Model at Battle Green Apartments starting at $2,775 with a $2.72 price per square foot in the Woodhaven neighborhood. Here is today’s list of the best values for Downtown Lexington apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Captain Parker Arms | 3 Bedroom / 2 Bath | 3BR,1BA | $3.27 |
| Battle Green Apartments | 2 Bed 2 Bath | 2BR,2BA | $2.72 |
| Seven Springs | A3 One Bedroom | 1BR,1BA | $3.51 |
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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Downtown Lexington, Lexington, MA
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Frequently Asked Questions about Cheap Downtown Lexington Apartments
How much is rent for a Cheap One Bedroom Downtown Lexington Apartment?
The lowest price for a Cheap One Bedroom Downtown Lexington Apartment is $2,945 at Seven Springs.
What is the lowest price for a Cheap Two Bedroom Downtown Lexington Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Lexington is starting from $2,775 at Battle Green Apartments.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.