Cheap Homes for Rent in Downtown Lexington Neighborhood of Lexington, MA from $2,800 (16 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Showing Results 1-16, Page 1 of 1

Downtown Lexington, Lexington, MA Local Guide

Cheapest Available Downtown Lexington Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Captain Parker Arms1 Bedroom / 1 Bath1BR,1BA$2,500
Seven SpringsA2 One Bedroom Townhouse1BR,1BA$2,795

Best Value Apartments for Rent in Downtown Lexington, MA

As of July 28, 2025 the best value apartment in the Downtown Lexington area is the $2.89 price per square foot 991 Massachusetts Ave Model at 991 Massachusetts Ave, Unit 1 in the in the Woodhaven neighborhood starting from $3,180. The second greatest value Downtown Lexington apartment is the A2 One Bedroom Townhouse Model at Seven Springs starting at $2,795 with a $3.65 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 ListingModel NameBed/BathPrice Per Sq.Ft.
991 Massachusetts Ave, Unit 1991 Massachusetts Ave2BR,1BA$2.89
Seven SpringsA2 One Bedroom Townhouse1BR,1BA$3.65
Captain Parker Arms1 Bedroom / 1 Bath1BR,1BA$3.33

Quick 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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Downtown Lexington

What type of rentals are currently available in Downtown Lexington?

There are currently 25 Apartments for Rent in Downtown Lexington, MA with pricing that ranges from $1,900 to $4,400. There are also 59 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lexington ranging from $2,895 to $40,000.

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 $2,895 to $40,000 with an average monthly rent of $9,850.

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.