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Last updated July 9 2019 at 11:33 AM

172 Apartments for rent in Lexington, MA

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Last updated September 23 at 06:21am
West Newton
1 Unit Available
281 Prince St
281 Prince Street, Newton, MA
5 Bedrooms
$18,000
7000 sqft
Rarely offered Beautiful Granite Stone house in the heart of the highly coveted West Newton Hill area.
Last updated August 16 at 06:10pm
Newtonville
1 Unit Available
268 Newtonville Ave
268 Newtonville Avenue, Newton, MA
2 Bedrooms
$2,300
1200 sqft
4 Bedrooms
Ask
2 bedroom offering within an owner occupied duplex. Gorgeous kitchen boasts new appliances, white cabinets, recessed lights, tiled backsplash, crown moldings, and granite counters.

Average Rent in Lexington

Last updated Aug. 2019
The average rent for a 1 bedroom apartment in Lexington is $3,327, while the average rent for a 2 bedroom apartment is $4,125.
Studio
$2,916
1 Bed
$3,327
2 Beds
$4,125
3+ Beds
$5,185
City GuideLexington
"When the porter yells Massachusetts, I'll be there with bells / Massachusetts. Homesick as can be, Massachusetts / Only place for me, Massachusetts / [...] As you walk to Lexington, you think of glory / When those Minutemen were done, they left a story." (-Anita O'Day, "Massachusetts")

A suburb rich with history, Lexington, Massachusetts, is the birthplace of the Revolutionary War. Just 15 miles from downtown Boston, it's rife with monuments and parks lining its historical streets. The most prominent among these are the Battle Green, the first war memorial in the country, the Revolutionary Monument, and the Center Depot, which presently serves as the headquarters of the Lexington Historical Society. You'll pay for such a refined and history-infused existence. Invest sufficient time searching for a rental home in Lexington, however, and you could walk away with a really good deal.

Tips for Renting in Lexington

The homes in Lexington are set in idyllic locations, and there is a wide variety of styles, catering to a range of clientele, from the brick Georgian houses near Pheasant Brook Estates to the the early 1800s Massachusetts Avenue farmhouses. No matter the type of rental housing you prefer, there's something to please everyone's tastes. What follows are a few tips to help you score your dream apartment.

List your priorities: It’s easier to pick a neighborhood when you have a strong idea of what you want. Before you do anything else, make a list of every “must have” and “would like to have” so that you have a strong starting point for your search. Also look into the transportation system and the traffic density in the area.

Round up the neighborhoods: There are many resources online to help you find that perfect neighborhood, but it doesn't hurt to get a second opinion from friends or potential neighbors, especially if you’re an out-of-towner. Look for information on local attractions, community life, parks, and recreation. But most of all, narrow your search down to a locality that fits into your lifestyle and interests.

Check them out in person: Once you've listed your top choices, it pays to visit in person (anyone who's bought something blind off of Craigslist knows what we're talking about). Check out the apartment at different times of the day to study traffic patterns, talk to people about what they like or dislike about the neighborhood, and take note of nearby grocery stores and other amenities.

Lexington Neighborhoods

While it may be a little difficult to determine which neighborhood you should choose, you can’t really go wrong with any of the Lexington areas. Each of them has their own unique personality and charm. Here's a quick description and relative price guide to your choices:

Turning Mill: Turning Hill is rampant with contemporary style homes. The area sees a high demand for rental properties.

Woodhaven/Concord Avenue: With a diverse range of housing options and a lot of art galleries and museums here, this area is highly desirable.

Countryside: Countryside is located near the Winchester/Woburn line. This neighborhood has a relaxed charm about it and ranks high on the "walkability" meter.

Life in Lexington

At the heart of Lexington is the town center, where you will find a plethora of dining, shopping, and entertainment options, from an adorable independent movie theater to a gourmet ice cream shop to a fabulous pizzeria. A host of fine art galleries can be found all over town for those looking to satiate their cultural diet. In a town alive and kickin' with tradition, the residents of Lexington are proud of their local arts and heritage. Apart from selling the freshest produce, the vibrant Lexington Farmers' Market also hosts a number of local artisans selling handicrafts, such as jewelry and ceramics.

Immerse yourself in the old world charm and and present-day poshness that defines this historic place!

September 2019 Lexington Rent Report

Welcome to the September 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

September 2019 Lexington Rent Report

Welcome to the September 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 increased moderately over the past month

Lexington rents have increased 0.3% over the past month, and have increased moderately by 3.2% in comparison to the same time last year. Currently, median rents in Lexington stand at $3,327 for a one-bedroom apartment and $4,126 for a two-bedroom. This is the ninth straight month that the city has seen rent increases after a decline in November of last year. Lexington's year-over-year rent growth leads the state average of 2.5%, as well as the national average of 1.5%.

    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, all of them have seen prices rise. The state as a whole logged rent growth of 2.5% 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 $2,322; of the 10 largest Massachusetts cities that we have data for, all have seen rents rise year-over-year, with Newton experiencing the fastest growth (+4.5%).
    • Quincy, Somerville, and Cambridge have all experienced year-over-year growth above the state average (4.2%, 2.8%, and 2.7%, respectively).

    Many large cities nationwide show more affordable rents compared to Lexington

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

    • Lexington's median two-bedroom rent of $4,126 is above the national average of $1,191. Nationwide, rents have grown by 1.5% over the past year compared to the 3.2% increase in Lexington.
    • While Lexington's rents rose moderately over the past year, many cities nationwide also saw increases, including Phoenix (+3.7%), Dallas (+2.0%), and New York (+1.7%).
    • Renters will generally find more expensive prices in Lexington than most large cities. For example, Detroit has a median 2BR rent of $895, where Lexington is more than 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.

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