Cheap Apartments for Rent in Lexa, AR from $500 (37 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Chapel Place Homes
3 to 4 Bedroom Apartments

Chapel Place Homes

5228 Whistling Duck DrMemphis, TN 38109

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Showing Results 1-37, Page 1 of 1

Lexa, AR Local Guide

Cheapest Available Lexa Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lexa, AR is a 2 Beds unit found at Vantage Point Apartments - Carriage House priced from $650. Wesley Forest in the South Memphis neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Lexa apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Vantage Point Apartments - Carriage HousePark View2BR,2BA$650
Wesley Forest1x1Wesley Forest1BR,1BA$700
Weaver Fields ApartmentsOne1BR,1BA$725
Greenway Apartments1 Beds, 1 Baths1BR,1BA$780
Bent Creek Apartments2 Bedroom2BR,1BA$850
Chapel Ridge Apartments2x2 Mkt2BR,2BA$895
Indigo at 61Renovated 1 Bedroom 1 Bath1BR,1BA$975
Lakeside Vintage2 Bedroom 2 Bath2BR,2BA$999
The Crossings at Tunica2x2 Classic2BR,2BA$999
The Lexington2 Bed 2 Bath Classic2BR,2BA$1,033

Best Value Apartments for Rent in Lexa, AR and Nearby

As of May 06, 2026 the best value apartment in the Lexa area is the $1.08 price per square foot 3 Bedroom, 2 Bathroom Model at Weatherstone Apartments in the in the McKeller neighborhood starting from $1,599. The second greatest value Lexa apartment is the 3 Bedroom Model at The Trace at 161 starting at $1,495 with a $1.11 price per square foot in the McKeller neighborhood. Here is today’s list of the best values for Lexa apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Weatherstone Apartments3 Bedroom, 2 Bathroom3BR,2BA$1.08
The Trace at 1613 Bedroom3BR,2BA$1.11
Lakeside VintageRenovated 2 Bedroom 2 Bath2BR,2BA$1.11
Chapel Ridge Apartments2x2 Mkt2BR,2BA$0.98
Bent Creek Apartments2 Bedroom2BR,1BA$0.94
Vantage Point Apartments - Carriage HouseVantage Point2BR,2BA$1.00
Indigo at 61Renovated 1 Bedroom 1 Bath1BR,1BA$1.21
Weaver Fields ApartmentsOne1BR,1BA$0.94
Greenway Apartments1 Beds, 1 Baths1BR,1BA$1.11
Wesley Forest1x1Wesley Forest1BR,1BA$1.06

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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

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Frequently Asked Questions about Cheap Lexa Apartments

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

The lowest price for a Cheap One Bedroom Lexa Apartment is $650 at Vantage Point Apartments - Carriage House.

What is the lowest price for a Cheap Two Bedroom Lexa Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lexa is starting from $650 at Vantage Point Apartments - Carriage House.

What is the most affordable Lexa Three Bedroom Apartment?

The best deal on a cheap Lexa Three Bedroom Apartment rental is at Vantage Point Apartments - Carriage House and starts from $895.

Expert Rental Resources

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.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.