
Cheap Homes for Rent in Lexington, IN from $1,200 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Lexington.


226 Yager Ave

303 W Madison St

2985 State Hwy 7

2954 Oak Hill Ct

10700 US-42

1304 Heatherbourne Dr

710 Latimer Ave

13236 Sunnybrook Dr
Lexington, IN Local Guide

How much does it cost to rent a home in Lexington?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lexington 2 Bedroom Homes for Rent | $1,825 | $1,250 | $2,800 |
Lexington 3 Bedroom Homes for Rent | $2,474 | $1,525 | $5,000 |
Lexington 4 Bedroom Homes for Rent | $2,819 | $1,500 | $5,000 |
Lexington 5 Bedroom Homes for Rent | $5,900 | $5,900 | $5,900 |
Browse Top Homes for Rent in Lexington
Explore Lexington
Lexington, IN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Stonebrook of Scottsburg | A1 | 1BR,1BA | $750 |
Water's Edge | One Bedroom Reservation List | 1BR,1BA | $771 |
281 E Main St | One Bed, One Bath | 1BR,1BA | $775 |
Best Value Apartments for Rent in Lexington, IN and Nearby
As of April 17, 2025 the best value apartment in the Lexington area is the $1.06 price per square foot 3 Bedroom Model at Oldham Oaks in the starting from $1,425. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Oldham Oaks | 3 Bedroom | 3BR,2BA | $1.06 |
Koehler Springs | Koehler Springs II | 3BR,2.5BA | $0.89 |
Williams Crossing Townhomes | WITH Storage | 3BR,2.5BA | $1.04 |
Plum Ridge Apartments | Two Bed | 2BR,2BA | $1.14 |
Rivers Edge Residences | 2 Beds, 2 baths | 2BR,2BA | $1.10 |
Parkside Trace Apartments | 2 BEDROOM 2 BATHROOM NEW CONSTRUCTION | 2BR,2BA | $1.14 |
Lakeview Apartments | 2 BEDROOM 2 BATHROOM B | 2BR,2BA | $1.12 |
Wolf Run Park | 2Bedroom/2Bathroom 986 sqft | 2BR,2BA | $1.05 |
281 E Main St | One Bed, One Bath | 1BR,1BA | $0.97 |
Water's Edge | One Bedroom Reservation List | 1BR,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.
Frequently Asked Questions about Lexington
What type of rentals are currently available in Lexington?
There are currently 42 Apartments for Rent in Lexington, IN with pricing that ranges from $487 to $3,558. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lexington ranging from $950 to $5,900.
What is the current price range for Rental Homes in Lexington?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lexington ranges from $950 to $5,900 with an average monthly rent of $2,793.
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.

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.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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.

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.