
Cheap Apartments for Rent in Lexington, MN from $700 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in Lexington.


Lexington Lofts Apartment Community

Oak Hills Manor - Ages 55+

Village Plaza

James Manor Apartments

Twin Homes

Royal Oaks Apartments

Woodlawn Terrace

Woodland North Apartments

H2 Flats

Cottages of Spring Lake Park - 55+

The Ephesians at Lexington

Silver Oaks Court Apartments

Ridgewood Apartments

Gray Stone Flats

The Legends of Blaine 55+

The Legends of Spring Lake Park 55+ Living

Cottages of Willow Ponds 55+ Senior Community

Greenfield Estates

1601 N Innsbruck Dr

649 Old Hwy 8

1033 Thorndale Ave
Lexington, MN Local Guide

How much does it cost to rent an apartment in Lexington?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lexington Studio Apartments | $1,312 | $790 | $1,805 |
Lexington 1 Bedroom Apartments | $1,497 | $900 | $2,470 |
Lexington 2 Bedroom Apartments | $1,978 | $1,100 | $3,540 |
Lexington 3 Bedroom Apartments | $2,809 | $1,537 | $3,675 |
Lexington 4 Bedroom Apartments | $3,639 | $2,255 | $3,850 |
Browse Top Apartments in Lexington
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Lexington, MN Local Guide
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Cheapest Available Lexington Apartments for Rent and Nearby
 The cheapest available apartment rental in Lexington, MN is a 1 Bed unit found at Oak Hills Manor - Ages 55+ in the Crescent Ponds Heritage neighborhood priced from $900. MV Apartments in the Miller's Crossroads neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,165. Here is today’s list of the most affordable Lexington apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Oak Hills Manor - Ages 55+ | Oak Hills Manor, 1 bed, 1 bath. | 1BR,1BA | $900 |
MV Apartments | 1 Bed, 1 bath | 1BR,1BA | $1,165 |
Landmark Estates | 1 Bedroom B-Unit | 1BR,1BA | $1,205 |
Lexington Lofts Apartment Community | Ivy | Studio,1BA | $1,205 |
Ridgewood Apartments | 1 Bedroom Apartment | 1BR,1BA | $1,225 |
Pine Manor Estates A 55+ Community | Pine | 1BR,2BA | $1,235 |
Cottages of Spring Lake Park - 55+ | Two bedroom | 2BR,1BA | $1,250 |
Gray Stone Flats | Studio | Studio,1BA | $1,295 |
Woodland North Apartments | 2 BEDROOM A | 2BR,1BA | $1,296 |
Lexi Apartments | Meadow | 1BR,1BA | $1,330 |
Best Value Apartments for Rent in Lexington, MN and Nearby
As of March 11, 2025 the best value apartment in the Lexington area is the $1.35 price per square foot 3 BEDROOM Model at Woodland North Apartments in the in the Oak Park neighborhood starting from $1,723. The second greatest value Lexington apartment is the 2 Bedroom Split Model at The Parkshore Apartments of Arden Hills starting at $1,900 with a $1.55 price per square foot in the Long Lake 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. |
---|---|---|---|
Woodland North Apartments | 3 BEDROOM | 3BR,2BA | $1.35 |
The Parkshore Apartments of Arden Hills | 2 Bedroom Split | 2BR,2BA | $1.55 |
The Legends of Blaine 55+ | Two Bedroom D | 2BR,2BA | $1.42 |
Landings of Lexington | Two Bedroom A | 2BR,2BA | $1.51 |
Ridgewood Apartments | 2 Bedroom Apartment | 2BR,1BA | $1.43 |
Landmark Estates | 1 Bedroom B-Unit | 1BR,1BA | $1.24 |
Cottages of Spring Lake Park - 55+ | Two bedroom | 2BR,1BA | $1.32 |
Oak Hills Manor - Ages 55+ | Oak Hills Manor, Large 2 bed, 1 bath. | 2BR,1BA | $1.17 |
Cottages of Willow Ponds 55+ Senior Community | 2BD/1BTH | 2BR,1BA | $1.48 |
MV Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.29 |
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Getting Around Lexington, MN
Walk Score®
65 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
66 / 100
Bikeable
Some 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 Lexington Lofts Apartment Community listed at $1,205.
How much is rent for a Cheap One Bedroom Lexington Apartment?
The lowest price for a Cheap One Bedroom Lexington Apartment is $900 at Oak Hills Manor - Ages 55+.
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 $1,100 at Oak Hills Manor - Ages 55+.
What is the most affordable Lexington Three Bedroom Apartment?
The best deal on a cheap Lexington Three Bedroom Apartment rental is at The Legends of Spring Lake Park 55+ Living and starts from $1,537.
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.

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.

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.

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.