Lexington, Massachusetts Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Lexington, Massachusetts rental market.
Lexington, Massachusetts
Average Apartment Rent
$3,483
Y-o-Y Change in Average
Apartment Rent
-3.5%
As of March 2026
Compared to a year ago, Lexington, Massachusetts apartments have recorded a -3.5% rent decrease.
Lexington, Massachusetts Average apartment rent trend
Lexington, Massachusetts Average Apartment Rent
Lexington, Massachusetts Apartment rent ranges
At 75.84%, apartments priced Over $3,000 represent the bulk of Lexington, Massachusetts rentals, while condos priced $2,000 - $2,500 hold the lowest share of the market – 11.52%.
Lexington, Massachusetts Housing tenure**
Renters take up 17% of Lexington, Massachusetts real estate, occupying a total of 2,146 units, while homeowners live in 10,239 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$98,356
Average household size of renter-occupied housing units**
2.28
Rental vacancy rate**
3.5%
Lexington, Massachusetts Renter-occupied housing units by no. of bedrooms**
There are 845 rentals in Lexington, Massachusetts with 2 beds making up the highest share of the market, at 39%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 39 units. Overall, the median number of rooms in Lexington, Massachusetts homes for rent is 4.1.
Lexington, Massachusetts Renter-occupied units by age of householder**
Most condos for rent in Lexington, Massachusetts are occupied by residents in the 45 - 54 years age group (30%), followed by those in the 75 - 84 years age group (17%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 1%.
Lexington, Massachusetts Renter-occupied housing units by family type**
Lexington, Massachusetts Renter-occupied housing units by the presence of own children**
A total of 1,248 apartments for rent in Lexington, Massachusetts, or 58% of all rentals are family households. Additionally, 42% of rental homes include children under the age of 18 – that’s 899 units. All in all, the median size of a renter-occupied household in Lexington, Massachusetts is 2.28.
Lexington, Massachusetts Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 80% of the rental market. In contrast, residents with less than a high school degree reside in 5% of the homes for rent in Lexington, Massachusetts.
Lexington, Massachusetts Renter-occupied units by year structure built**
The highest share of Lexington, Massachusetts apartment rentals, namely 23% or 484 units, were Built 1980 - 1989, followed by those Built 1939 or earlier (13%, 278 units), and the ones Built 2000 - 2009 (12%, 247 units).
Lexington, Massachusetts Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Lexington, Massachusetts renters (37%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Lexington, Massachusetts condos for rent is 2018.
Lexington, Massachusetts Renter-occupied housing units by vehicles available**
When it comes to transportation options, 51% of Lexington, Massachusetts renters have 1 vehicle available per household, 33% of them have 2 vehicles available, and 13% have No vehicle available.
Lexington, Massachusetts Means of transportation to work of householders living in renter-occupied housing units**
Lexington, Massachusetts Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Lexington, Massachusetts apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
