Landlord Resources
How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
•11 min read
What to Know About
Life in Lexington & Beyond
Lexington shares many of the great qualities that make Massachusetts a desirable place to live.
Massachusetts is rich in American history and renowned for its beautiful cities and breathtaking natural landscapes. Visit historical sites such as the Freedom Trail and USS Constitution Museum to experience the birthplace of America. In addition, it's the home to world-class universities such as Harvard University, Massachusetts Institute of Technology (MIT), and Boston College, adding to the state's innovation and education. Massachusetts also has a strong job market and a thriving economy.
For sports fans, Massachusetts is home to the New England Patriots (NFL), Boston Bruins (NFL), Boston Red Sox (MLB), Boston Celtics (NBA), and iconic venues such as Fenway Park and Gillette Stadium. In addition, the state offers a diverse range of outdoor experiences for those seeking adventure, from whale watching on the Cape Cod coast to hiking in the scenic Berkshire Mountains. See famous attractions like the Salem Witch Trials Memorial, the New England Aquarium, and the charming Martha's Vineyard.
With its warm and welcoming atmosphere, rich historical heritage, and endless opportunities, embrace the Bay State and discover why Massachusetts is the ideal place to call home.
Rental Market Trends
Lexington, MA
As of June 2026, Lexington's rental market is highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers. Lexington's average rent is 24.0% ($663) higher than the Massachusetts average of $2,761 and 90.5% ($1,627) higher than the U.S. average of $1,797.
Average Rent
$3,424
Monthly ChangeMonth Over Month Change
0.4% ($14)
Yearly ChangeYear Over Year Change
2.9% ($104)
Avg. Days on MarketAverage Days on Market
25
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $3,107 | 3.2% ($97) | 0.1% ($3) |
| 2 Beds | $3,667 | No change | 0.8% ($29) |
| 3 Beds | $4,645 | 5.6% ($248) | 8.3% ($420) |
| Nearby Cities | Average Rent | Avg. Rent vs. LexingtonAverage Rent vs. Lexington | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Arlington | $2,984 | 12.9% ($440) | 58 days |
| Winchester | $3,000 | 12.4% ($424) | 27 days |
| Burlington | $2,938 | 14.2% ($486) | 27 days |
| Bedford | $3,556 | 3.9% ($132) | 25 days |
| Woburn | $2,808 | 18% ($616) | 22 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Lexington Rental Market FAQs
Explore rental prices, market trends, and availability in Lexington, MA.
The average rent in Lexington, MA is $3,424 per month.
Homes in Lexington typically rent for between $2,175 and $6,039 per month, with an average of $3,424 per month.
In Lexington, the average rent for a 1-bedroom home is $3,107 per month, for a 2-bedroom home, $3,667 per month, and a 3-bedroom home is $4,645 per month.
The average rent in Lexington is 90.5% ($1,627) higher than the national average of $1,797 per month.
The average rent in Lexington has decreased by 0.4% ($14) in the last month and decreased by 2.9% ($104) over the past year.
The rental market in Lexington, MA, is currently highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers.
In Lexington, MA, the average rental stays on the market for approximately 25 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 22 rental properties available in Lexington, MA.
Based on the current averages, a household would need an annual income of $146,680 to comfortably afford a 2-bedroom home in Lexington.
