Cheap Apartments for Rent in Lexington, IN from $400 (20 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

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

Showing Results 1-20, Page 1 of 1

Lexington, IN Local Guide

Cheapest Available Lexington Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lexington, IN is a 1 Bed unit found at Stonebrook of Scottsburg priced from $750. Water's Edge has the second lowest priced unit, which is a 1 Bed apartment currently listed from $771. Here is today’s list of the most affordable Lexington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Stonebrook of ScottsburgA11BR,1BA$750
Water's EdgeOne Bedroom Reservation List1BR,1BA$771
281 E Main StOne Bed, One Bath1BR,1BA$775
Tracks at Seymour1 Bedroom, 1 Bath, 743 Sq Ft1BR,1BA$850
Stonebridge ApartmentsSecond Floor 1Bed/1Bath1BR,1BA$995

Best Value Apartments for Rent in Lexington, IN and Nearby

As of March 11, 2025 the best value apartment in the Lexington area is the $0.85 price per square foot 8119 Montero Dr Model at 8119 Montero Dr in the in the Harrods Creek neighborhood starting from $2,895. The second greatest value Lexington apartment is the Koehler Springs II Model at Koehler Springs starting at $1,200 with a $0.89 price per square foot in the Southern Indiana neighborhood. 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.
8119 Montero Dr8119 Montero Dr4BR,3BA$0.85
Koehler SpringsKoehler Springs II3BR,2.5BA$0.89
Williams Crossing TownhomesWITH Storage3BR,2.5BA$1.04
Rivers Edge Residences2 Beds, 2 baths2BR,2BA$1.10
Parkside Trace Apartments2 BEDROOM 2 BATHROOM NEW CONSTRUCTION2BR,2BA$1.14
Wolf Run Park2Bedroom/2Bathroom 1084 sqft2BR,2BA$1.05
Oldham Oaks2 Bedroom2BR,2BA$1.02
Lakeview Apartments2 BEDROOM 2 BATHROOM A2BR,2BA$1.08
281 E Main StOne Bed, One Bath1BR,1BA$0.97
Water's EdgeOne Bedroom Reservation List1BR,1BA$1.10

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, IN Rentals by Map

Decorative image of map

See the most popular apartments and homes in Lexington, IN

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

Getting Around Lexington, IN

Walk Score®

3 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

15 / 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 Lyric at Norton Commons listed at $1,172.

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

The lowest price for a Cheap One Bedroom Lexington Apartment is $750 at Stonebrook of Scottsburg.

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 $925 at Stonebrook of Scottsburg.

What is the most affordable Lexington Three Bedroom Apartment?

The best deal on a cheap Lexington Three Bedroom Apartment rental is at Water's Edge and starts from $1,006.

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.

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

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.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit article

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.