Cheap Apartments for Rent in Lexington, IL from $600 (33 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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
Pinecrest Apartments
$690 - $1,135
Total Monthly Price

Total Monthly Price

Base Rent
$525 - $970
Required Monthly Fees
$165
Total Monthly Price
$690 - $1,135
Studio to 2 Bedroom Apartments Available Now

Pinecrest Apartments

515 Greenbriar DrNormal, IL 61761
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
CollegePlace Uptown
$840 - $1,720
Total Monthly Price

Total Monthly Price

Base Rent
$815 - $1,695
Required Monthly Fees
$25
Total Monthly Price
$840 - $1,720
1 to 2 Bedroom Apartments Available Now

CollegePlace Uptown

100 S Fell AveNormal, IL 61761
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

Read Article

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.

Read Article
close
View Me
314 Mecherle
1 to 2 Bedroom Apartments

314 Mecherle

314 Mecherle DrBloomington, IL 61701

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.

Read Article
close
View Me
2 Curtis Ct
2 Bedroom Apartments

2 Curtis Ct

2 Curtis CtNormal, IL 61761
close
View Me
Parkview Apartments
1 to 3 Bedroom Apartments

Parkview Apartments

101 Northfield DrNormal, IL 61761
  • Utilities Included

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.

Read Article
Showing Results 1-33, Page 1 of 1

Lexington, IL Local Guide

Cheapest Available Lexington Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lexington, IL is a Studio unit found at Ironwood Gardens Apartments priced from $816. Class Act Realty in the Downtown Normal neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $830. Here is today’s list of the most affordable Lexington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ironwood Gardens ApartmentsStudioStudio,1BA$816
Class Act Realty1 Bedroom1BR,1BA$830
CollegePlace Uptown2BR/1BA2BR,1BA$840
Arbors at EastlandThe Pine1BR,1BA$855
Parkway Court Apartments1 bedroom/1 bath apartment1BR,1BA$900
East Douglas Apartments2BR/ 1BA2BR,1BA$900
300 Shelbourne1/11BR,1BA$949
Briarwood II1BR Bay Window1BR,1BA$950
Brookridge Heights ApartmentsStudio - ClassicStudio,1BA$989
Lancaster HeightsOne Bedroom1BR,1BA$1,000

Best Value Apartments for Rent in Lexington, IL and Nearby

As of February 23, 2026 the best value apartment in the Lexington area is the $1.24 price per square foot 4 Bedrooms or more Model at Class Act Realty in the in the Downtown Normal neighborhood starting from $1,985. The second greatest value Lexington apartment is the 4 Balcony Renovated Model at The Social on Hovey starting at $889 with a $0.58 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$1.24
The Social on Hovey4 Balcony Renovated4BR,4BA$0.58
East Douglas Apartments2BR/ 1BA2BR,1BA$0.75
3 Stortz DriveAll units2BR,2BA$1.08
Clearwater Crest Apartments2 Beds, 2 baths2BR,2BA$1.09
Ekstam Apartments2 Beds 2 Bath2BR,2BA$1.14
701 FranklinApt 24BR,2BA$0.55
Rainbow East Luxury Apartments2 Beds, 2 baths2BR,2BA$1.18
BayOakBay2BR,2BA$1.18
700 N Adelaide StRent Per Student for 22BR,1.5BA$0.69

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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

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

Explore Lexington, IL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Lexington, IL

View Map
Lexington, IL Apartments Map
View Map
Lexington, IL Rental Homes Map

Frequently Asked Questions about Cheap Lexington Apartments

What is the Cheapest Studio apartment in Lexington?

Currently the most affordable Cheap Studio Apartment in Lexington is at Ironwood Gardens Apartments listed at $816.

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

The lowest price for a Cheap One Bedroom Lexington Apartment is $830 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 $840 at CollegePlace Uptown.

What is the most affordable Lexington Three Bedroom Apartment?

The best deal on a cheap Lexington Three Bedroom Apartment rental is at Class Act Realty and starts from $1,375.

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 Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.