Cheap Homes for Rent in Lexington Neighborhood of Baltimore, MD from $400 (59 Rentals)

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Search the lowest-cost Homes available for rent right now in the Lexington area of Baltimore.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Baltimore's Best Affordable Neighborhoods

Learn about Baltimore and the best places to live with original content written by our Local Expert Sarah Bregel

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Lexington, Baltimore, MD Local Guide

Cheapest Available Lexington Apartments for Rent

 

The cheapest available apartment rental in the Lexington area of Baltimore, MD is a 1 Bed unit found at North Avenue Gateway II priced from $723. Penn Square has the second lowest priced unit, which is a 2 Beds apartment currently listed from $768. Here are the most affordable Lexington apartments for rent in Baltimore, MD:

Apartment ListingModel NameBed/BathPriced From
North Avenue Gateway II1 bdr1BR,1BA$723
Penn Square2 bdr2BR,1BA$768
Cathedral St 300StudioStudio,1BA$849
Mt. Vernon PropertiesStudioStudio,1BA$850
North Avenue Gateway2 bdr2BR,1BA$857
The Tobee - Cathedral St 3112 Bedroom2BR,1BA$895

Best Value Apartments for Rent in Lexington, MD

As of May 16, 2025 the best value apartment in the Lexington area is the $0.92 price per square foot 1038 S Charles St Model at 1038 S Charles St, Unit 1 in the in the Inner Harbor neighborhood starting from $1,650. The second greatest value Lexington apartment is the 815 N Calhoun St Model at 815 N Calhoun St, Unit 1 starting at $1,650 with a $0.92 price per square foot in the Inner Harbor neighborhood. Here is today’s list of the best values for Lexington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1038 S Charles St, Unit 11038 S Charles St2BR,2BA$0.92
815 N Calhoun St, Unit 1815 N Calhoun St2BR,2BA$0.92
1038 S Charles St, Unit 10381038 S Charles St2BR,2BA$0.89
2254 Annapolis Rd, Unit 22254 Annapolis Rd1BR,1BA$0.67
Renaissance at Reservoir HillTwo Bedrooms One Bath2BR,1BA$0.81
1721 McCulloh St, Unit 31721 McCulloh St1BR,1BA$0.85
832 N Carey St, Unit 2832 N Carey St1BR,1BA$0.88
834 N Carey St, Unit 3834 N Carey St1BR,1BA$0.85
Penn Square2 bdr2BR,1BA$0.80
North Avenue Gateway2 bdr2BR,1BA$0.90

Quick Rent Budget Calculator

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Frequently Asked Questions about Lexington

What type of rentals are currently available in Lexington?

There are currently 1090 Apartments for Rent in Lexington, MD with pricing that ranges from $600 to $7,690. There are also 296 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lexington ranging from $450 to $6,800.

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 $450 to $6,800 with an average monthly rent of $2,049.

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 $915 to $5,188, while Three Bedroom Homes, Condos, and Townhomes for rent range from $700 to $2,790. Four Bedroom Single-Family rentals are also available starting from $600 and Four Bedroom Apartments start at $1,104.

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.

decorative image for A Baltimore Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

A Baltimore Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

Written by: Sarah Bregel

There are few cities more eclectic and diverse than Baltimore, Maryland. I should know. I've lived in various parts of Baltimore for most of my life.

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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.