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

The Reserve at Regents Center

North Point and Hallmark Apartments

Lexington Park Apartments

Lexington Station Apartments

Parkview Apartments

27 Hege Drive
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
Lexington, NC Local Guide

How much does it cost to rent an apartment in Lexington?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Lexington Studio Apartments | $675 | $675 | $675 |
Cheap Lexington 1 Bedroom Apartments | $1,152 | $745 | $1,395 |
Cheap Lexington 2 Bedroom Apartments | $1,325 | $825 | $1,885 |
Cheap Lexington 3 Bedroom Apartments | $1,915 | $1,595 | $2,110 |
Cheap Lexington 4 Bedroom Apartments | $2,090 | $2,005 | $2,175 |
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Lexington, NC Local Guide
- Lexington Neighborhoods
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Cheapest Neighborhoods for Apartments in Lexington, NC
Pricing Updated: 05/05/2025Current 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:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
Uptown Lexington | $960 | $675 | 3 |
Davidson | $2,090 | $485 | 188 |
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
27 Hege Drive | 1/1 | 1BR,1BA | $725 |
Lexington Park Apartments | 2B/1B | 1BR,1BA | $849 |
Lexington Station Apartments | The Retreat | 1BR,1BA | $1,050 |
The Reserve at Regents Center | The Norman | 1BR,1BA | $1,175 |
Best Value Apartments for Rent in Lexington, NC
As of May 05, 2025 the best value apartment in the Lexington area is the $0.94 price per square foot 1B/1B Model at Lexington Park Apartments in the in the Davidson neighborhood starting from $849. The second greatest value Lexington apartment is the The Southport with Balcony Model at The Reserve at Regents Center starting at $1,395 with a $1.81 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Lexington Park Apartments | 1B/1B | 1BR,1BA | $0.94 |
The Reserve at Regents Center | The Southport with Balcony | 1BR,1BA | $1.81 |
27 Hege Drive | 1/1 | 1BR,1BA | $1.38 |
Lexington Station Apartments | The Retreat | 1BR,1BA | $2.02 |
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Best Local Schools in Lexington, NC
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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
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 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 $1,525.
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 $420 which is $1,105 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.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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.

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.