Cheap Apartments for Rent in Lexington, NC from $300 (18 Rentals)

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

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Hilltop Terrace
Studio to 2 Bedroom Apartments

Hilltop Terrace

111 N Carolina AveLexington, NC 27292
Senior Living
  • Utilities Included
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Jackson Square
1 to 3 Bedroom Apartments

Jackson Square

100 Jackson Square DrLexington, NC 27295
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402 National Blvd
1 Bedroom Apartments

402 National Blvd

402 National BlvdLexington, NC 27292
  • Utilities Included
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The Club Apartments
1 to 4 Bedroom Apartments

The Club Apartments

6 London CtLexington, NC 27292
  • Utilities Included
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309-311 W 3rd Ave
2 Bedroom Apartments

309-311 W 3rd Ave

309-311 W 3rd AveLexington, NC 27292
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Mt. Moriah Manor
1 Bedroom Apartments

Mt. Moriah Manor

202 Robert Floyd DrLexington, NC 27295
Senior Living
  • Utilities Included

Lexington, NC Local Guide

Cheapest Neighborhoods for Apartments in Lexington, NC

Pricing Updated: 04/26/2025

Current apartment rentals in the Lexington, NC area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Lexington Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Uptown Lexington$960$6753
Davidson$2,067$485194

Cheapest Available Lexington Apartments for Rent

 

The cheapest available apartment rental in Lexington, NC is a 1 Bed unit found at 27 Hege Drive in the Davidson neighborhood priced from $725. Lexington Park Apartments in the Davidson neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $849. Here is today’s list of the most affordable Lexington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
27 Hege Drive1/11BR,1BA$725
Lexington Park Apartments2B/1B1BR,1BA$849
North Point and Hallmark ApartmentsNORTH POINT GARDEN - GROUND LEVEL2BR,1BA$885
Lexington Station ApartmentsThe Retreat1BR,1BA$1,050
Fairview Village1 Bedroom Garden1BR,1BA$1,050

Best Value Apartments for Rent in Lexington, NC

As of April 26, 2025 the best value apartment in the Lexington area is the $0.89 price per square foot NORTH POINT GARDEN - GROUND LEVEL Model at North Point and Hallmark Apartments in the in the Davidson neighborhood starting from $885. The second greatest value Lexington apartment is the 1B/1B Model at Lexington Park Apartments starting at $849 with a $0.94 price per square foot in the Davidson 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.
North Point and Hallmark ApartmentsNORTH POINT GARDEN - GROUND LEVEL2BR,1.5BA$0.89
Lexington Park Apartments1B/1B1BR,1BA$0.94
The Reserve at Regents CenterThe Southport with Balcony1BR,1BA$1.81
Fairview Village1 Bedroom Garden1BR,1BA$1.54
27 Hege Drive1/11BR,1BA$1.38
Lexington Station ApartmentsThe Retreat1BR,1BA$2.02

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

Explore Lexington, NC Rentals by Map

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Getting Around Lexington, NC

Walk Score®

39 / 100

Car-Dependent

Most errands require a car

Bike Score®

29 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Lexington Apartments

What is the price of a cheap apartment in Lexington?

The cheapest apartment in Lexington is 27 Hege Drive which is listed at $725, while the average apartment in Lexington costs $1,513.

What types of apartments are the cheapest in Lexington?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 13 regular apartments in Lexington that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lexington?

Cheap apartments in Lexington have an average cost of $389 which is $1,124 cheaper than the average rent for all rentals in Lexington.

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.

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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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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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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.

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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.