Cheap Apartments for Rent in Lexington, MN from $700 (32 Rentals)

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Twin Homes
1 to 2 Bedroom Apartments

Twin Homes

5308-5380 Raymond AveMounds View, MN 55112
  • Utilities Included
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MV Apartments
1 to 2 Bedroom Apartments

MV Apartments

2305-2315 Groberg StMounds View, MN 55112
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Lexington, MN Local Guide

Cheapest Available Lexington Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lexington, MN is a Studio unit found at 89 Lexington Lakes in the Crescent Ponds Heritage neighborhood priced from $790. Oak Hills Manor - Ages 55+ in the Crescent Ponds Heritage neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here is today’s list of the most affordable Lexington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
89 Lexington LakesStudioStudio,1BA$790
Oak Hills Manor - Ages 55+Oak Hills Manor, 1 bed, 1 bath.1BR,1BA$900
The Ephesians at LexingtonBergen Studio Bergen II w/Juliet BalconyStudio,1BA$1,190
Lexington Lofts Apartment CommunityIvyStudio,1BA$1,220
Ridgewood Apartments1 Bedroom Apartment1BR,1BA$1,225
Pine Manor Estates A 55+ CommunityPine1BR,2BA$1,235
Cottages of Spring Lake Park - 55+Two bedroom2BR,1BA$1,250
Woodland North Apartments2 BEDROOM HCP2BR,1BA$1,263
Lexi ApartmentsMeadow1BR,1BA$1,330
The Legends of Spring Lake Park 55+ LivingOne Bedroom - D (Balcony)1BR,1BA$1,341

Best Value Apartments for Rent in Lexington, MN and Nearby

As of April 11, 2025 the best value apartment in the Lexington area is the $1.64 price per square foot Coneflower - Upgraded Model at Foxtail Hollow Townhomes in the in the Johnsville neighborhood starting from $3,045. The second greatest value Lexington apartment is the Three Bedroom B (Wheelchair Accessible) Model at The Legends of Blaine 55+ starting at $1,853 with a $1.40 price per square foot in the Johnsville 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.
Foxtail Hollow TownhomesConeflower - Upgraded3BR,2.5BA$1.64
The Legends of Blaine 55+Three Bedroom B (Wheelchair Accessible)3BR,2BA$1.40
Rice Creek Townhouses3BD Townhome - Updated Kitchen & Floors3BR,1.5BA$1.58
Ridgewood Apartments2 Bedroom Apartment2BR,1BA$1.43
Greenfield EstatesTwo Bedroom One Bath2BR,1BA$1.40
Woodland North Apartments2 BEDROOM A2BR,1BA$1.31
Cottages of Spring Lake Park - 55+Two bedroom2BR,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 Community2BD/1BTH2BR,1BA$1.48
Pine Manor Estates A 55+ CommunityPine1BR,2BA$1.69

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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 89 Lexington Lakes listed at $790.

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.

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.