12 Colonial Village Dr
ArlingtonMA02474
Cheap Homes for Rent in Downtown Lexington Neighborhood of Lexington, MA from $1,900 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Lexington area of Lexington.
1 Colonial Village Dr
ArlingtonMA02474
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.
1 Colonial Village Dr, Unit 3
1 Colonial Village Dr
ArlingtonMA02474
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$2,2751 Bedroom Apartments Available Now
36 Worthen Rd E, Unit A3
36 Worthen Rd ELexington, MA 02421
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.
4 Colonial Village Dr
ArlingtonMA02474
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Downtown Lexington, Lexington, MA Local Guide
How much does it cost to rent a home in Downtown Lexington?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Downtown Lexington 2 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
| Downtown Lexington 3 Bedroom Homes for Rent | $5,400 | $3,500 | $7,500 |
| Downtown Lexington 4 Bedroom Homes for Rent | $5,950 | $4,600 | $7,200 |
| Downtown Lexington 5 Bedroom Homes for Rent | $11,000 | $10,000 | $10,000+ |
| Downtown Lexington 6 Bedroom Homes for Rent | $17,400 | $9,100 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 5 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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Cheapest Available Downtown Lexington Apartments for Rent
The cheapest available apartment rental in the Downtown Lexington area of Lexington, MA is a 1 Bed unit found at Captain Parker Arms priced from $2,250. Battle Green Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $2,800. Here are the most affordable Downtown Lexington apartments for rent in Lexington, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Captain Parker Arms | 1 Bedroom / 1 Bath | 1BR,1BA | $2,250 |
| Battle Green Apartments | 2 Bed 2 Bath | 2BR,2BA | $2,800 |
| Seven Springs | A3 One Bedroom | 1BR,1BA | $2,895 |
Best Value Apartments for Rent in Downtown Lexington, MA
As of April 27, 2026 the best value apartment in the Downtown Lexington area is the $2.75 price per square foot 2 Bed 2 Bath Model at Battle Green Apartments in the in the Woodhaven neighborhood starting from $2,800. The second greatest value Downtown Lexington apartment is the 98 Sylvia St Model at 98 Sylvia St, Unit 1 starting at $2,500 with a $2.50 price per square foot in the Rock Meadow 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 | $2.75 |
| 98 Sylvia St, Unit 1 | 98 Sylvia St | 2BR,1BA | $2.50 |
| Seven Springs | A3 One Bedroom | 1BR,1BA | $3.45 |
| Captain Parker Arms | 1 Bedroom / 1 Bath | 1BR,1BA | $3.00 |
| 4 Colonial Village Dr, Unit 4 | 4 Colonial Village Dr | 1BR,1BA | $3.31 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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.
Read ArticleThe 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.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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.
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Best Local Schools in Downtown Lexington, Lexington, MA
School data provided by Great Schools
Frequently Asked Questions about Downtown Lexington
What type of rentals are currently available in Downtown Lexington?
There are currently 18 Apartments for Rent in Downtown Lexington, MA with pricing that ranges from $2,200 to $3,845. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lexington ranging from $1,900 to $28,000.
What is the current price range for Rental Homes in Downtown Lexington?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Lexington ranges from $1,900 to $28,000 with an average monthly rent of $7,408.
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
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.
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.
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.
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.