Cheap Apartments for Rent near Lexington, AL from $300 (49 Rentals)

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

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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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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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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North Village
2 Bedroom Apartments

North Village

114 Pearl StFlorence, AL 35633

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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134 E Duncan Ave
2 Bedroom Apartments

134 E Duncan Ave

134 E Duncan AveFlorence, AL 35630
Student Housing
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Lexington, AL Local Guide

Cheapest Available Lexington Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lexington, AL is a 1 Bed unit found at Quail Run priced from $630. West Tennessee Street in the Downtown Florence neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Lexington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Quail Run1 Bed, 1 bath1BR,1BA$630
West Tennessee Street1BR/1.0BA1BR,1BA$650
Ivy Pointe Apartments2 Bedroom2BR,1BA$709
Heathrow PlaceOne bedroom residence1BR,1BA$725
Alpine Village Apartments1BR 1BA1BR,1BA$745
Polynessian Village1 Bed, 1 bath1BR,1BA$785
Tanglewood ApartmentsTwo Bedroom Residence2BR,1BA$799
Clinton Place1 BD 1 BA Renovated w/ Washer Dryer1BR,1BA$799
Athens Square Apartments1BR/1.0BA1BR,1BA$800
Cypress Ridge2 Bedroom 2 Bathroom2BR,2BA$825

Best Value Apartments for Rent in Lexington, AL and Nearby

As of July 15, 2026 the best value apartment in the Lexington area is the $0.79 price per square foot 2BR/2.0BA Model at 2/2 Apartment - Killen, AL in the starting from $1,000. The second greatest value Lexington apartment is the 2BR/2.0BA Model at Starhill Apartments starting at $1,000 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.
2/2 Apartment - Killen, AL2BR/2.0BA2BR,2BA$0.79
Starhill Apartments2BR/2.0BA2BR,2BA$0.83
Village Parc ApartmentsVillage Parc2BR,2.5BA$0.88
Stonebrook Village2 Bedroom 2 Bathroom2BR,2BA$0.82
Cypress Ridge2 Bedroom 2 Bathroom2BR,2BA$0.75
Arbor Village ApartmentsMaple2BR,2BA$0.93
Brentwood2BR/2.0BA2BR,2BA$0.92
Ivy Pointe Apartments2 Bedroom2BR,1BA$0.75
The Woodlands Apartment Homes, LLCB12BR,1BA$0.95
Quail Run2 Beds, 1 bath2BR,1BA$0.95

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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!

Explore Lexington, AL Rentals by Map

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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 $630 at Quail Run.

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 $709 at Ivy Pointe Apartments.

What is the most affordable Lexington Three Bedroom Apartment?

The best deal on a cheap Lexington Three Bedroom Apartment rental is at Ivy Pointe Apartments and starts from $749.

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

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.