
Cheap Apartments for Rent in the Downtown Lexington Neighborhood of Lexington, MA from $1,300 (3 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Lexington area of Lexington.

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.

Captain Parker Arms
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.

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 Studio Apartments | $2,200 | $2,200 | $2,200 |
| Downtown Lexington 1 Bedroom Apartments | $3,002 | $1,995 | $3,335 |
| Downtown Lexington 2 Bedroom Apartments | $3,480 | $1,900 | $4,226 |
| Downtown Lexington 3 Bedroom Apartments | $4,447 | $4,395 | $4,499 |
| Downtown Lexington 4 Bedroom Apartments | $5,200 | $5,200 | $5,200 |
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 July 12, 2026 the best value apartment in the Downtown Lexington area is the $3.04 price per square foot 2 Bed 2 Bath Model at Battle Green Apartments in the in the Woodhaven neighborhood starting from $3,100. The second greatest value Downtown Lexington apartment is the A3 One Bedroom Model at Seven Springs starting at $3,095 with a $3.69 price per square foot in the Turning Mill 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. |
|---|---|---|---|
| Battle Green Apartments | 2 Bed 2 Bath | 2BR,2BA | $3.04 |
| Seven Springs | A3 One Bedroom | 1BR,1BA | $3.69 |
| Captain Parker Arms | 1 Bedroom / 1 Bath | 1BR,1BA | $3.33 |
| 1628 Massachusetts Ave, Unit 1628 | 1628 Massachusetts Ave | 1BR,1BA | $2.85 |
| 14 Massachusetts Ave, Unit Lexington studio | 14 Massachusetts Ave | 2BR,1BA | $9.50 |
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.
Read ArticleQuick Rent Budget Calculator
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
School data provided by Great Schools
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 $2,500 at Captain Parker Arms.
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 $3,100 at Captain Parker Arms.
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

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.