Cheap Apartments for Rent in Lexington, VA from $500 (25 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Maury River Place
1 to 2 Bedroom Apartments

Maury River Place

60 Willow Springs RdLexington, VA 24450
  • Utilities Included
close
View Me
500 Euclid Avenue
1 Bedroom Apartments

500 Euclid Avenue

500 Euclid AveLynchburg, VA 24501
  • Utilities Included
close
View Me
Midtown on 12th
Studio to 1 Bedroom Apartments

Midtown on 12th

1701 12th StLynchburg, VA 24501
  • Utilities Included
Showing Results 1-25, Page 1 of 1

Lexington, VA Local Guide

Cheapest Available Lexington Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lexington, VA is a 1 Bed unit found at The Timbers priced from $659. Bramblewood Apartments in the Tate Springs neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Lexington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Timbers1 Bedroom, 1 Bathroom1BR,1BA$659
Bramblewood Apartments1BR/1.0BA1BR,1BA$800
Miller's Rest ApartmentsProof -ADA2BR,2BA$803
Rivermont Park1 Bedroom, 1 Bath1BR,1BA$849
Huntingwood Apartments1 Bed, 1 bath1BR,1BA$850

Best Value Apartments for Rent in Lexington, VA and Nearby

As of April 14, 2025 the best value apartment in the Lexington area is the $0.95 price per square foot Two Bedroom - Loft Model at Piedmont Flour Mill Lofts in the in the Tate Springs neighborhood starting from $1,449. The second greatest value Lexington apartment is the 3BR/1.5BA Model at Ivy Creek Apartments starting at $999 with a $0.83 price per square foot . 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.
Piedmont Flour Mill LoftsTwo Bedroom - Loft2BR,2BA$0.95
Ivy Creek Apartments3BR/1.5BA3BR,1.5BA$0.83
Walden Pond Apartment Homes2 Bedroom with Den2BR,1.5BA$1.18
Park Place Apartments3BR/2BA3BR,2BA$1.07
Mill's Crossing22BR,2BA$1.04
Miller's Rest ApartmentsProof -ADA2BR,2BA$0.85
County Green Apartment Homes1 Bed, 1 bath1BR,1BA$1.15
Midtown Lofts1 Bed 1 Bath1BR,1BA$1.19
Princeton Circle West ApartmentsColonial1BR,1BA$1.18
Bramblewood Apartments1BR/1.0BA1BR,1BA$1.18

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.

decorative image of people with a giant lease agreement

Best Local Schools in
Lexington, VA

School data provided by Great Schools

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

Explore Lexington, VA Rentals by Map

Decorative image of map

See the most popular apartments and homes in Lexington, VA

View MapLexington, VA Apartments MapView MapLexington, VA Rental Homes Map

Getting Around Lexington, VA

Walk Score®

39 / 100

Car-Dependent

Most errands require a car

Bike Score®

26 / 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

How much is rent for a Cheap One Bedroom Lexington Apartment?

The lowest price for a Cheap One Bedroom Lexington Apartment is $659 at The Timbers.

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 $803 at Miller's Rest Apartments.

What is the most affordable Lexington Three Bedroom Apartment?

The best deal on a cheap Lexington Three Bedroom Apartment rental is at Bramblewood Apartments and starts from $999.

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit article

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.