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110 Studio Apartments for rent in Lexington, MA

1029 Beacon St
1029 Beacon Street
Brookline, MA
Updated February 19 at 09:37am
Studio
$2,200
17 Clark
17 Clark Road
Brookline, MA
Updated February 19 at 09:37am
Studio
$1,500
44 Washington St.
44 Washington Street
Brookline, MA
Updated February 19 at 09:37am
Studio
$2,300
20 Sunnyside St
20 Sunnyside Street
Boston, MA
Updated February 19 at 12:51pm
Studio
$2,225
1163 Boylston St
1163 Boylston Street
Boston, MA
Updated February 19 at 12:52pm
Studio
$1,810
1185 Boylston St
1185 Boylston Street
Boston, MA
Updated February 19 at 12:51pm
Studio
$1,825
4000 Mystic Valley Parkway
4000 Mystic Valley Parkway
Medford, MA
Updated February 20 at 01:59am
Studio
$2,000
6 Whittier Pl
6 Whittier Place
Boston, MA
Updated February 20 at 01:59am
Studio
$1,995
1 Bedroom
Ask
270 Third Street
270 Third Street
Cambridge, MA
Updated February 19 at 09:37am
Studio
$3,590
173 Saint Botolph Street
173 Saint Botolph Street
Boston, MA
Updated February 20 at 03:54am
Studio
$1,700
172 Saint Botolph Street
172 Saint Botolph Street
Boston, MA
Updated February 20 at 03:54am
Studio
$1,650
10 Florence Street, 102
10 Florence Street
Malden, MA
Updated February 20 at 04:09am
Studio
$1,750
2 Bedrooms
Ask

February 2019 Lexington Rent Report

Welcome to the February 2019 Lexington Rent Report. Lexington rents increased over the past month. In this report, we'll evaluate trends in the Lexington rental market, including comparisons to cities throughout the state and nation.

View full Rent Report

February 2019 Lexington Rent Report

Welcome to the February 2019 Lexington Rent Report. Lexington rents increased over the past month. In this report, we'll evaluate trends in the Lexington rental market, including comparisons to cities throughout the state and nation.

Lexington rents increase sharply over the past month

Lexington rents have increased 0.7% over the past month, and are up sharply by 8.1% in comparison to the same time last year. Currently, median rents in Lexington stand at $3,190 for a one-bedroom apartment and $3,950 for a two-bedroom. Lexington's year-over-year rent growth leads the state average of 2.3%, as well as the national average of 1.0%.

    Rents rising across cities in Massachusetts

    Throughout the past year, rent increases have been occurring not just in the city of Lexington, but across the entire state. Of the largest 10 cities that we have data for in Massachusetts, 8 of them have seen prices rise. The state as a whole logged rent growth of 2.3% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

    • Looking throughout the state, Cambridge is the most expensive of all Massachusetts' major cities, with a median two-bedroom rent of $2,230; of the 10 largest cities in Massachusetts that we have data for, Brockton and Newton, where two-bedrooms go for $1,540 and $2,170, are the only two major cities in the state to see rents fall year-over-year (-4.8% and -2.1%).
    • Lawrence, Framingham, and Somerville have all experienced year-over-year growth above the state average (4.7%, 4.5%, and 4.3%, respectively).

    Many large cities nationwide show more affordable rents compared to Lexington

    As rents have increased sharply in Lexington, a few large cities nationwide have seen rents grow more modestly. Compared to most large cities across the country, Lexington is less affordable for renters.

    • Lexington's median two-bedroom rent of $3,950 is above the national average of $1,170. Nationwide, rents have grown by 1.0% over the past year compared to the 8.1% rise in Lexington.
    • While Lexington's rents rose sharply over the past year, many cities nationwide also saw increases, including Phoenix (+3.6%), San Francisco (+2.7%), and Denver (+2.5%).
    • Renters will generally find more expensive prices in Lexington than most large cities. For example, Detroit has a median 2BR rent of $890, where Lexington is nearly four-and-a-half times that price.

    For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

    Methodology - Recent Updates:

    Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

    Read more about our new methodology below, or see a more detailed post here.

    Methodology:

    Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

    Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

    Read more about our methodology here.

    About Rent Reports:

    Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

    We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.