1007 Sheryl Ln
NormalIL61761
Cheap Homes for Rent in Lexington, IL from $800 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Lexington.
526 Fairholm Ave
PeoriaIL61603
107 College Park Ct
NormalIL61761
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.
407 E Seminole St
DwightIL60420
101 Bannon Dr
DwightIL60420
105 Orchard St
EurekaIL61530
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.
715 Hale St
NormalIL61761
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 | $1,376 | $945 | $1,850 |
| Lexington 3 Bedroom Homes for Rent | $1,917 | $925 | $3,500 |
| Lexington 4 Bedroom Homes for Rent | $2,078 | $1,895 | $2,500 |
| Lexington 5 Bedroom Homes for Rent | $3,295 | $3,295 | $3,295 |
| Lexington 6 Bedroom Homes for Rent | $3,550 | $3,550 | $3,550 |
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 | $835 |
Best Value Apartments for Rent in Lexington, IL and Nearby
As of May 18, 2026 the best value apartment in the Lexington area is the $0.75 price per square foot 2BR/ 1BA Model at East Douglas Apartments in the in the Downtown Bloomington neighborhood starting from $900. The second greatest value Lexington apartment is the All units Model at 3 Stortz Drive starting at $1,300 with a $1.08 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. |
|---|---|---|---|
| East Douglas Apartments | 2BR/ 1BA | 2BR,1BA | $0.75 |
| 3 Stortz Drive | All units | 2BR,2BA | $1.08 |
| 701 Franklin | Apt 5 | 4BR,1BA | $0.45 |
| Ekstam Apartments | 2 Beds 2 Bath | 2BR,2BA | $1.14 |
| Harvest View | 2/2 First Floor | 2BR,2BA | $1.21 |
| Rainbow Circle Apartments | 2/2 | 2BR,2BA | $1.23 |
| Lincoln Square Apartments | 2 Bedroom 1.5 Bath Townhouse. | 2BR,1.5BA | $1.07 |
| BayOak | Bay | 2BR,2BA | $1.23 |
| Arbors at Eastland | The Maple | 2BR,1BA | $1.00 |
| 700 N Adelaide St | Rent Per Student for 2 | 2BR,1.5BA | $0.79 |
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.
Read ArticleQuick 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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Explore Lexington, IL Rentals by Map
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 43 Apartments for Rent in Lexington, IL with pricing that ranges from $659 to $10,268. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lexington ranging from $875 to $3,550.
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 $875 to $3,550 with an average monthly rent of $2,181.
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 $4,750, while Three Bedroom Homes, Condos, and Townhomes for rent range from $925 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
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.
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.
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.
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.