Cheap Apartments for Rent in the Pegg Run Neighborhood of Lexington Park, MD from $1,000 (8 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Pegg Run area of Lexington Park.

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Carpenter Park
3 to 4 Bedroom Apartments

Carpenter Park

700-740 Carpenter ParkPatuxent River, MD 20670
Military
  • Utilities Included

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Pegg Run, Lexington Park, MD Local Guide

Cheapest Available Pegg Run Apartments for Rent

 

The cheapest available apartment rental in the Pegg Run area of Lexington Park, MD is a 2 Beds unit found at Spring Valley Apartments priced from $1,246. St. Marys Landing Apartments and Townhomes has the second lowest priced unit, which is a Studio apartment currently listed from $1,400. Here are the most affordable Pegg Run apartments for rent in Lexington Park, MD:

Apartment ListingModel NameBed/BathPriced From
Spring Valley Apartments2BR/2BA2BR,2BA$1,246
St. Marys Landing Apartments and TownhomesStudio - 321 sqftStudio,1BA$1,400
Spyglass at Cedar CoveCape Cod2BR,2BA$1,985

Best Value Apartments for Rent in Pegg Run, MD

As of June 16, 2025 the best value apartment in the Pegg Run area is the $1.32 price per square foot 3BR/2BA Model at Spring Valley Apartments in the in the Pegg Run neighborhood starting from $1,561. The second greatest value Pegg Run apartment is the Cape Cod Model at Spyglass at Cedar Cove starting at $1,985 with a $2.24 price per square foot in the Pegg Run neighborhood. Here is today’s list of the best values for Pegg Run apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Spring Valley Apartments3BR/2BA3BR,2BA$1.32
Spyglass at Cedar CoveCape Cod2BR,2BA$2.24
St. Marys Landing Apartments and TownhomesStudio - 321 sqftStudio ,1BA$4.36

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Pet Friendly Lifestyle
Pegg Run, Lexington Park, MD

Ranked #1

Among neighborhoods in Lexington Park, MD for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Pegg Run Apartments

What is the price of a cheap apartment in Pegg Run?

The cheapest apartment in Pegg Run is St. Marys Landing Apartments and Townhomes which is listed at $1,630, while the average apartment in Pegg Run costs $1,802.

What types of apartments are the cheapest in Pegg Run?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2 regular apartments in Pegg Run that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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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.

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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.

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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.

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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.