
Cheap Homes for Rent in Pegg Run Neighborhood of Lexington Park, MD from $800 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Pegg Run area of Lexington Park.

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.

20934 Freedom Run Dr
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.

21085 Jenna Ct
Pegg Run, Lexington Park, MD Local Guide

How much does it cost to rent a home in Pegg Run?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Pegg Run 3 Bedroom Homes for Rent | $2,100 | $2,100 | $2,100 |
| Pegg Run 5 Bedroom Homes for Rent | $3,300 | $3,300 | $3,300 |
Explore Lexington Park
Best Value Apartments for Rent in Pegg Run, MD
As of June 23, 2026 the best value apartment in the Pegg Run area is the $1.44 price per square foot Topsail Renovated Model at Towns at Pax River, A Linden Community in the in the Pegg Run neighborhood starting from $1,861. The second greatest value Pegg Run apartment is the Alloway Model at Abberly Crest Apartment Homes starting at $2,029 with a $2.46 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Towns at Pax River, A Linden Community | Topsail Renovated | 3BR,2BA | $1.44 |
| Abberly Crest Apartment Homes | Alloway | 1BR,1BA | $2.46 |
| Spyglass at Cedar Cove | Chesapeake | 1BR,1BA | $2.81 |
Frequently Asked Questions about Pegg Run
What type of rentals are currently available in Pegg Run?
There are currently 6 Apartments for Rent in Pegg Run, MD with pricing that ranges from $1,450 to $3,739. There are also 5 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pegg Run ranging from $800 to $3,300.
What is the current price range for Rental Homes in Pegg Run?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Pegg Run ranges from $800 to $3,300 with an average monthly rent of $2,100.
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

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.