Cheap Homes for Rent in Lexington, MA from $1,200 (29 Rentals)

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

property at 7 Old Colony Ln

7 Old Colony Ln

ArlingtonMA02476
property at 12 Colonial Village Dr

12 Colonial Village Dr

ArlingtonMA02474
property at 3 Brattle Dr

3 Brattle Dr, Unit 3

3 Brattle Dr
ArlingtonMA02474
property at 9 Ryder St

9 Ryder St

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 4 Old Colony Ln

4 Old Colony Ln

ArlingtonMA02476
property at 892 Massachusetts Ave

892 Massachusetts Ave, Unit 50

892 Massachusetts Ave
ArlingtonMA02476

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 993 Massachusetts Ave

993 Massachusetts Ave

ArlingtonMA02476
property at 15 Old Colony Ln

15 Old Colony Ln

ArlingtonMA02476
property at 5 Fred St

5 Fred St

BurlingtonMA01803

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 3 Colonial Village Dr

3 Colonial Village Dr

ArlingtonMA02474
property at 1 Brattle Dr

1 Brattle Dr, Unit 9

1 Brattle Dr
ArlingtonMA02474
property at 1105 Lexington St

1105 Lexington St, Unit 2-9

1105 Lexington St
WalthamMA02452
property at 20 Second Ave

20 Second Ave

BurlingtonMA01803
property at 31 Marion Rd

31 Marion Rd

BedfordMA01730

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.

property at 1105 Lexington St

1105 Lexington St

WalthamMA02452

Lexington, MA Local Guide

Cheapest Neighborhoods for Apartments in Lexington, MA

Pricing Updated: 11/02/2025

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$2,20023
Route 2$7,100$1,175798

Cheapest Available Lexington Apartments for Rent and Nearby

 

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
Sanctuary Winchester WestA101BR,1BA$2,358
Shaker Glen VillageElm2BR,1BA$2,395

Best Value Apartments for Rent in Lexington, MA and Nearby

As of November 02, 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
April Lane Apartments2 Bedroom2BR,2BA$2.56
142 Page Rd, Unit 2FL142 Page Rd1BR,1BA$2.33
142R Page Rd, Unit BedfordWithGarage142R Page Rd1BR,1BA$2.33
35 Grant Ave, Unit 3535 Grant Ave3BR,1BA$2.47
40 Neillian Way, Unit 40 Neillian Way Bedford40 Neillian Way3BR,1BA$2.64
25 Laurel St, Unit 25 Laurel St.25 Laurel St2BR,1BA$2.64
3 Neillian St, Unit #23 Neillian St2BR,1BA$2.53
840-846 Massachusetts Ave846 - 1 Bedroom1BR,1BA$2.72

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!

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Frequently Asked Questions about Lexington

What type of rentals are currently available in Lexington?

There are currently 159 Apartments for Rent in Lexington, MA with pricing that ranges from $1,200 to $9,300. There are also 170 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lexington ranging from $1,200 to $40,000.

What is the current price range for Rental Homes in Lexington?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lexington ranges from $1,200 to $40,000 with an average monthly rent of $6,784.

How much are larger Three and Four Bedroom Rentals in Lexington?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lexington range from $2,600 to $5,523, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $7,500. Four Bedroom Single-Family rentals are also available starting from $3,800 and Four Bedroom Apartments start at $4,000.

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.