
Cheap Homes for Rent in Lexington, NC from $700 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Lexington.


511 Tremont St

309 Swing Dairy Rd
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.

306 E Torbush St

955 W 5th Ave

176 Coble Cir
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.

308 Pine Tree Es Dr

210 N Salisbury Ave

112 Bee Tree Ln
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 a home in Lexington?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lexington 2 Bedroom Homes for Rent | $1,187 | $795 | $1,395 |
Lexington 3 Bedroom Homes for Rent | $1,798 | $1,195 | $2,449 |
Lexington 4 Bedroom Homes for Rent | $2,347 | $1,849 | $2,989 |
Browse Top Homes for Rent in Lexington
Explore Lexington
Lexington, NC Local Guide
- Lexington Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Lexington, NC
Pricing Updated: 05/13/2025Current 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 | $2,175 | $485 | 198 |
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 |
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 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 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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.

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.

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.

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.