Cheap Apartments for Rent in Lexington, AL from $500 (29 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lexington.

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Lexington, AL Local Guide

Cheapest Available Lexington Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lexington, AL is a Studio unit found at West Tennessee Street in the Downtown Florence neighborhood priced from $625. Creekside Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $655. Here is today’s list of the most affordable Lexington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
West Tennessee Street0BR/1.0BAStudio,1BA$625
Creekside Apartments1 Bedroom1BR,1BA$655
STONEBROOK VILLAGE1 Bedroom 1 Bathroom1BR,1BA$725
Brookfield Apartment Homes2 Bedroom 1.5 Bathroom2BR,1BA$850
Clinton Place1 BD 1 BA Renovated w/ Washer Dryer1BR,1BA$850
Arbor Village ApartmentsAzalea1BR,1BA$861
Brentwood2BR/2.0BA2BR,2BA$865
Creekside ApartmentsClassic V.22BR,2BA$895
Cleo ApartmentsOne Bedroom One Bathroom1BR,1BA$900
Harvest Hills Apartments2BR/2.0BA2BR,2BA$900

Best Value Apartments for Rent in Lexington, AL and Nearby

As of March 26, 2025 the best value apartment in the Lexington area is the $0.85 price per square foot 3 Bedroom Townhome Model at Cottonwood Apartments in the starting from $1,100. The second greatest value Lexington apartment is the 2BR/2.0BA Model at Harvest Hills Apartments starting at $900 with a $0.71 price per square foot . 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.
Cottonwood Apartments3 Bedroom Townhome3BR,2.5BA$0.85
Harvest Hills Apartments2BR/2.0BA2BR,2BA$0.71
The Oakley at DeerfieldDeerfield2BR,2BA$0.96
Seville Place Apartment Village2 BR/2 BA2BR,2BA$0.87
Villas at Riverside2 Bedroom 2 Bath2BR,2BA$1.02
Brentwood2BR/2.0BA2BR,2BA$0.89
Brookfield Apartment Homes2 Bedroom 1.5 Bathroom2BR,1.5BA$0.89
Creekside Apartments1 Bedroom1BR,1BA$0.87
Cypress Ridge1 Bedroom 1 Bathroom1BR,1BA$0.93
STONEBROOK VILLAGE1 Bedroom 1 Bathroom1BR,1BA$1.04

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Getting Around Lexington, AL

Walk Score®

24 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

34 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Lexington Apartments

What is the Cheapest Studio apartment in Lexington?

Currently the most affordable Cheap Studio Apartment in Lexington is at West Tennessee Street listed at $625.

How much is rent for a Cheap One Bedroom Lexington Apartment?

The lowest price for a Cheap One Bedroom Lexington Apartment is $650 at Cypress Ridge.

What is the lowest price for a Cheap Two Bedroom Lexington Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lexington is starting from $700 at West Tennessee Street.

What is the most affordable Lexington Three Bedroom Apartment?

The best deal on a cheap Lexington Three Bedroom Apartment rental is at Creekside Apartments and starts from $770.

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 Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.