$2,795 Per Month
- 2 Beds
- 1 Bath
- 1,200 Sq Ft
- Apartment for Rent
29 Vaille Ave Unit 29, Lexington, MA 02421
29 Vaille Ave Unit 29, Lexington, MA 02421
Frequently Asked Questions
How much does it cost to rent a home in Lexington, MA?
The median rent for a home in Lexington, MA is $4,500 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Lexington, MA?
To comfortably afford the median rent in Lexington, MA, a household needs to earn roughly $180,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $4,500 per month in Lexington, MA, renters typically need to show $13,500 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Lexington, MA?
In Lexington, MA, the price-to-rent ratio is 30.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Lexington, MA are best for renting a home?
The best neighborhood for renting in Lexington, MA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Munroe Hill, North Lexington, Follen Heights, Idylwilde and Countryside, each with its own character and price range.
