Cheap Homes for Rent in Lexington, NC from $700 (9 Rentals)

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property at 113 Cox Ave

113 Cox Ave

ThomasvilleNC27360

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

property at 955 W 5th Ave

955 W 5th Ave

LexingtonNC27292

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

Cheapest Neighborhoods for Apartments in Lexington, NC

Pricing Updated: 05/13/2025

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$2,175$485198

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
Lexington Station ApartmentsThe Retreat1BR,1BA$1,050

Best Value Apartments for Rent in Lexington, NC

As of May 13, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Lexington Park Apartments1B/1B1BR,1BA$0.94
The Reserve at Regents CenterThe Southport with Balcony1BR,1BA$1.81
27 Hege Drive1/11BR,1BA$1.38
Lexington Station ApartmentsThe Retreat1BR,1BA$2.02

Quick Rent Budget Calculator

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Frequently Asked Questions about Lexington

What type of rentals are currently available in Lexington?

There are currently 62 Apartments for Rent in Lexington, NC with pricing that ranges from $675 to $2,175. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lexington ranging from $795 to $2,989.

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 $795 to $2,989 with an average monthly rent of $1,777.

How much are larger Three and Four Bedroom Rentals in Lexington?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lexington range from $1,425 to $2,110, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,195 to $2,449. Four Bedroom Single-Family rentals are also available starting from $1,849 and Four Bedroom Apartments start at $1,980.

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 Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

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.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

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.