Cheap Apartments for Rent in Lexington, IL from $500 (19 Rentals)

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

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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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.

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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.

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314 Mecherle
1 Bedroom Apartments

314 Mecherle

314 Mecherle DrBloomington, IL 61701
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2 Curtis Ct
2 Bedroom Apartments

2 Curtis Ct

2 Curtis CtNormal, IL 61761
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Lexington, IL Local Guide

Cheapest Available Lexington Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lexington, IL is a 1 Bed unit found at Class Act Realty in the Downtown Normal neighborhood priced from $770. Pinecrest Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $790. Here is today’s list of the most affordable Lexington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Class Act Realty1 Bedroom1BR,1BA$770
Pinecrest ApartmentsNest - Studio / 1BAStudio,1BA$790
Arbors at EastlandThe Oak1BR,1BA$815
300 Shelbourne1/11BR,1BA$925
Lancaster HeightsOne Bedroom1BR,1BA$975

Best Value Apartments for Rent in Lexington, IL and Nearby

As of May 29, 2025 the best value apartment in the Lexington area is the $1.35 price per square foot 4 Bedrooms or more Model at Class Act Realty in the in the Downtown Normal neighborhood starting from $2,025. The second greatest value Lexington apartment is the 2/1.5 Model at Hershey Clearwater Townhomes starting at $1,399 with a $0.93 price per square foot in the Downtown Normal 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.
Class Act Realty4 Bedrooms or more4BR,2.5BA$1.35
Hershey Clearwater Townhomes2/1.52BR,1.5BA$0.93
East Douglas Apartments3BR/ 1BA3BR,1BA$1.00
Arbour Walk Townhomes2 Beds, 1.5 baths2BR,1.5BA$1.31
3 Stortz DrAll units2BR,2BA$1.17
701 FranklinApt 24BR,2BA$0.55
Ekstam Apartments2 Beds 2 Bath2BR,2BA$1.14
Harvest View2/2 First Floor2BR,2BA$1.30
700 N Adelaide StRent Per Student for 22BR,1.5BA$0.71
312 W Main St, Unit 310312 W Main St1BR,1BA$1.10

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

Explore Lexington, IL Rentals by Map

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See the most popular apartments and homes in Lexington, IL

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Getting Around Lexington, IL

Walk Score®

18 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

33 / 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 $770 at Class Act Realty.

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 $860 at Class Act Realty.

What is the most affordable Lexington Three Bedroom Apartment?

The best deal on a cheap Lexington Three Bedroom Apartment rental is at East Douglas Apartments and starts from $1,200.

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.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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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.

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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.

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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.