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

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Explore the Best Cheap Apartments in Lexington for Renters Looking for a Great Deal on Lower Cost Rent for the Area.

close
View Me
701 Franklin
Rent Specials
from $5004 Bedroom Apartments

701 Franklin

701 Franklin AveNormal, IL 61761
Student Housing
View Details
close
View Me
314 Mecherle
from $7751 Bedroom Apartments

314 Mecherle

314 Mecherle DrBloomington, IL 61701
View Details
close
View Me
2 Curtis Ct
from $9752 Bedroom Apartments

2 Curtis Ct

2 Curtis CtNormal, IL 61761
View Details
Showing Results 1-29, Page 1 of 1

Lexington, IL Local Guide

Cheapest Available Lexington Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lexington, IL is a Studio unit found at Ironwood Gardens Apartments priced from $733. Class Act Realty in the Downtown Normal neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $765. Here is today’s list of the most affordable Lexington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ironwood Gardens ApartmentsStudioStudio,1BA$733
Class Act Realty1 Bedroom1BR,1BA$765
Arbors at EastlandThe Oak1BR,1BA$795
Brookridge Heights ApartmentsStudio w/Balcony - ClassicStudio,1BA$848
East Douglas Apartments1BR/ 1BA1BR,1BA$850
Lancaster HeightsOne Bedroom1BR,1BA$975
300 Shelbourne2/12BR,1BA$999
Briarwood II2 bedroom2BR,1BA$1,015
The Social NormalThe Hancock1BR,1BA$1,035

Best Value Apartments for Rent in Lexington, IL and Nearby

As of December 28, 2024 the best value apartment in the Lexington area is the $1.23 price per square foot 4 Bedrooms or more Model at Class Act Realty in the in the Downtown Normal neighborhood starting from $1,850. The second greatest value Lexington apartment is the 3BR/2BA Model at Healing Stone Court Apartments starting at $1,500 with a $1.25 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.
Class Act Realty4 Bedrooms or more4BR,2.5BA$1.23
Healing Stone Court Apartments3BR/2BA3BR,2BA$1.25
3 Stortz DrAll units2BR,2BA$1.17
Wingover Luxury Apartments and TownhomesTwo Bedroom/Two Bath2BR,2BA$1.20
Harvest View2/2 First Floor2BR,2BA$1.25
BayOak ApartmentsBayberry | 2 Bedroom/2 Bath2BR,2BA$1.18
700 N Adelaide StRent Per Student for 22BR,1.5BA$0.69
East Douglas Apartments1BR/ 1BA1BR,1BA$0.94
Briarwood II2 bedroom2BR,1BA$1.21
312 W Main St, Unit 310312 W Main St1BR,1BA$1.11

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lexington, IL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Lexington, IL

View MapLexington, IL Apartments MapView MapLexington, IL Rental Homes Map

Getting Around Lexington, IL

Walk Score®

18 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

33 / 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 Ironwood Gardens Apartments listed at $733.

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

The lowest price for a Cheap One Bedroom Lexington Apartment is $765 at Class Act Realty.

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 $865 at Class Act Realty.

What is the most affordable Lexington Three Bedroom Apartment?

The best deal on a cheap Lexington Three Bedroom Apartment rental is at Briarwood II and starts from $1,199.

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 What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for Navigating the World of Low-Income Housing: A Comprehensive Guide article

Navigating the World of Low-Income Housing: A Comprehensive Guide

Written by: Kevin Ready

Are you having difficulty keeping up with bills or paying the rent? If so, you are not alone. Many families struggle to keep up with rents that have increased up to 40% in the past decade.

decorative image for Signing Your Apartment Lease: The Basics article

Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.

decorative image for Real Estate Term Glossary: Your Guide to The A to Zs of Renting article

Real Estate Term Glossary: Your Guide to The A to Zs of Renting

Written by: Kevin Ready

Navigating the world of real estate can reveal an abundance of terminology and phrasing around the topics of renting and buying that for some may seem like a brand-new language.