
Cheap Homes for Rent in Lexington, MA from $1,200 (28 Rentals)
Search the lowest-cost Homes available for rent right now in Lexington.


4 Brattle Dr, Unit 6

71 Grove St

243 Lake St

5 Viking Ct

11 Hallmark Gdns, Unit 9, Unit 9

240 Sycamore St
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

10 Totman Dr, Unit 7

15 Dudley St, Unit A

898 Massachusetts Ave, Unit 45

33 Jacqueline Rd

8 Brattle Dr, Unit 5
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.

27 Captain Parker Arms, Unit 21

36 Worthen Rd E, Unit A3

163 Summer St, Unit 23

82 Lionel Ave

1 Viking Ct

76 Prospect St

32 Jacqueline Rd
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.

76 Prospect St, Unit 76 Prospect St Watertown, Unit 76 Prospect St Watertown

993 Massachusetts Ave

4 Colonial Village Dr

17 Old Colony Ln, Unit 10, Unit 10

2 Old Colony Ln, Unit 5, Unit 5

49 Jacqueline Rd, Unit 6, Unit 6

75 Lincoln St
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.
Lexington, MA Local Guide

How much does it cost to rent a home in Lexington?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Lexington 2 Bedroom Homes for Rent | $2,986 | $2,200 | $4,900 |
| Lexington 3 Bedroom Homes for Rent | $4,515 | $3,300 | $7,500 |
| Lexington 4 Bedroom Homes for Rent | $5,368 | $3,400 | $7,000 |
| Lexington 5 Bedroom Homes for Rent | $16,725 | $10,000 | $10,000+ |
| Lexington 6 Bedroom Homes for Rent | $17,142 | $10,000 | $10,000+ |
Browse Top Homes for Rent in Lexington
Explore Lexington
Lexington, MA Local Guide
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Cheapest Neighborhoods for Apartments in Lexington, MA
Pricing Updated: 04/13/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Lexington | $4,536 | $2,095 | 45 |
| Route 2 | $8,100 | $1,135 | 750 |
Cheapest Available Lexington Apartments for Rent
 The cheapest available apartment rental in Lexington, MA is a Studio unit found at Brattle Drive Apartments in the Rock Meadow neighborhood priced from $1,725. Old Colony Apartments in the Rock Meadow neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,750. Here is today’s list of the most affordable Lexington apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Brattle Drive Apartments | Studio | Studio,1BA | $1,725 |
| Old Colony Apartments | Studio | Studio,1BA | $1,750 |
| Lord Baron Apartments | One Bedroom | 1BR,1BA | $1,950 |
| Brookside Apartments | A1 | 1BR,1BA | $2,150 |
| Captain Parker Arms | 1 Bedroom / 1 Bath | 1BR,1BA | $2,250 |
| J.E. Furnished Apartments of Waltham | Furnished Studio | Studio,1BA | $2,325 |
| Windsor Village at Waltham | The Dartmouth | 1BR,1BA | $2,429 |
| 100 Plank | Type 2A | 1BR,1BA | $2,455 |
Best Value Apartments for Rent in Lexington, MA
As of April 13, 2026 the best value apartment in the Lexington area is the $0.67 price per square foot 1011 Massachusetts Ave Model at 1011 Massachusetts Ave, Unit 3-room1 in the in the Rock Meadow neighborhood starting from $1,110. The second greatest value Lexington apartment is the 2x1 Model at GlenBrook Estates starting at $2,750 with a $2.39 price per square foot in the Turning Mill neighborhood. Here is today’s list of the best values for Lexington apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1011 Massachusetts Ave, Unit 3-room1 | 1011 Massachusetts Ave | 5BR,2BA | $0.67 |
| GlenBrook Estates | 2x1 | 2BR,1BA | $2.39 |
| Battle Green Apartments | 2 Bed 2 Bath | 2BR,2BA | $2.75 |
| 840-846 Massachusetts Ave | 846 - 2 Bedroom | 2BR,1.5BA | $2.59 |
| 40 Townly Rd, Unit 3 | 40 Townly Rd | 2BR,2BA | $3.00 |
| 98 Sylvia St, Unit 1 | 98 Sylvia St | 2BR,1BA | $2.60 |
| 131 Madison Ave, Unit 1 | 131 Madison Ave | 3BR,1BA | $2.84 |
| Windsor Village at Waltham | The Clarendon | 1BR,1BA | $2.93 |
| Captain Parker Arms | 1 Bedroom / 1 Bath | 1BR,1BA | $3.00 |
| Lord Baron Apartments | One Bedroom | 1BR,1BA | $2.90 |
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.
Read ArticleBoston 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.
Read ArticleDon'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 ArticleTop 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
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 Lexington, MA
Maria Hastings Elementary School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lexington, MA Rentals by Map
See the most popular apartments and homes in Lexington, MA
Frequently Asked Questions about Lexington
What type of rentals are currently available in Lexington?
There are currently 150 Apartments for Rent in Lexington, MA with pricing that ranges from $1,110 to $7,174. There are also 127 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lexington ranging from $1,200 to $28,000.
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 $28,000 with an average monthly rent of $8,126.
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 $2,699 to $6,880, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,300 to $7,500. Four Bedroom Single-Family rentals are also available starting from $3,400 and Four Bedroom Apartments start at $4,300.
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.
Helpful Local Expert Guides

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.

A Local Experts Guide to the Top Boston Neighborhoods for College Renters
Written by: Amelia Ramstead
Hi! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, Massachusetts! We’re excited to help you find your new home, and getting to know the neighborhood is an important part of that process!

Explore Like a Local: The Insider's Guide to Boston
Written by: Amelia Ramstead
Hello from Boston, Massachusetts! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, and I’m here to give you the inside scoop on this unique city.

Boston Major Employer Neighborhood Guide: Living Near UMass, MGH, & State Street
Written by: Amelia Ramstead
Hi! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, Massachusetts. Getting to know your new neighborhood is one of the best parts of moving, and we’re excited to help you get started.
Articles, How-To's, and Tips

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.