220 7th St
StreatorIL61364
Cheap Homes for Rent in Lexington, IL from $700 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Lexington.
807 W Grove St
BloomingtonIL61701
407 E Seminole St
DwightIL60420
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.
31453 Burt Ct
ChenoaIL61726
31497 Burt St
ChenoaIL61726
31451 Burt Ct
ChenoaIL61726
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.
101 Bannon Dr
DwightIL60420
Showing Results 1-7, Page 1 of 1
Lexington, IL Local Guide
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How much does it cost to rent a home in Lexington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lexington 2 Bedroom Homes for Rent | $1,653 | $1,000 | $3,000 |
| Lexington 3 Bedroom Homes for Rent | $1,982 | $1,500 | $3,500 |
| Lexington 4 Bedroom Homes for Rent | $2,298 | $1,895 | $2,950 |
| Lexington 5 Bedroom Homes for Rent | $2,100 | $2,100 | $2,100 |
Browse Top Homes for Rent in Lexington
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Lexington, IL Local Guide
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Cheapest Available Lexington Apartments for Rent and Nearby
The cheapest available apartment rental in Lexington, IL is a 1 Bed unit found at Broadmoor Park priced from $795. Cortez Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here is today’s list of the most affordable Lexington apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Broadmoor Park | Cortez 1 Bedroom 1 Bath | 1BR,1BA | $795 |
| Cortez Apartments | Unfurnished | 1BR,1BA | $825 |
| Class Act Realty | 1 Bedroom | 1BR,1BA | $830 |
Best Value Apartments for Rent in Lexington, IL and Nearby
As of July 02, 2026 the best value apartment in the Lexington area is the $0.53 price per square foot 4-bed/4-bath Model at The Social at Illinois State in the in the Downtown Normal neighborhood starting from $799. The second greatest value Lexington apartment is the 2BR/ 1BA Model at East Douglas Apartments starting at $900 with a $0.75 price per square foot in the Downtown Bloomington neighborhood. Here is today’s list of the best values for Lexington apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Social at Illinois State | 4-bed/4-bath | 4BR,4BA | $0.53 |
| East Douglas Apartments | 2BR/ 1BA | 2BR,1BA | $0.75 |
| 3 Stortz Drive | All units | 2BR,2BA | $1.08 |
| Harvest View | 2/2 Second Floor | 2BR,2BA | $1.12 |
| 701 Franklin | Apt 5 | 4BR,1BA | $0.45 |
| BayOak | Berry | 3BR,2BA | $1.15 |
| Ekstam Apartments | 2 Beds 2 Bath | 2BR,2BA | $1.14 |
| 700 N Adelaide St | Rent Per Student for 2 | 2BR,1.5BA | $0.78 |
| The Social Normal | The Redbird Corner Renovated | 2BR,2BA | $1.03 |
| 312 W Main St, Unit 310 | 312 W Main St | 1BR,1BA | $1.09 |
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
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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See the most popular apartments and homes in Lexington, IL
Frequently Asked Questions about Lexington
What type of rentals are currently available in Lexington?
There are currently 45 Apartments for Rent in Lexington, IL with pricing that ranges from $659 to $9,418. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lexington ranging from $700 to $3,500.
What is the current price range for Rental Homes in Lexington?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lexington ranges from $700 to $3,500 with an average monthly rent of $1,746.
How much are larger Three and Four Bedroom Rentals in Lexington?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lexington range from $798 to $4,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,895 and Four Bedroom Apartments start at $659.
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
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.
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.
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.
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.