
Cheap Apartments for Rent in Lexington, IN from $400 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in Lexington.


Water's Edge

Oldham Oaks

Tracks at Seymour

Stonebridge Apartments
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.

Deer Park

Charlestown Flats

Parkside Trace Apartments

Ashby Apartments

Foxtail Pointe
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.

281 E Main St
Lexington, IN Local Guide

How much does it cost to rent an apartment in Lexington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lexington Studio Apartments | $1,144 | $995 | $1,470 |
| Lexington 1 Bedroom Apartments | $1,245 | $699 | $1,867 |
| Lexington 2 Bedroom Apartments | $1,441 | $855 | $2,435 |
| Lexington 3 Bedroom Apartments | $1,778 | $1,006 | $3,210 |
Browse Top Apartments in Lexington
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Lexington, IN Local Guide
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Cheapest Available Lexington Apartments for Rent and Nearby
 The cheapest available apartment rental in Lexington, IN is a 1 Bed unit found at Stonebrook of Scottsburg priced from $699. Water's Edge has the second lowest priced unit, which is a 1 Bed apartment currently listed from $771. Here is today’s list of the most affordable Lexington apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Stonebrook of Scottsburg | One Bedroom, One Bath, 650 Sq Ft | 1BR,1BA | $699 |
| Water's Edge | One Bedroom Reservation List | 1BR,1BA | $771 |
| Oldham Oaks | 2 Bedroom | 2BR,2BA | $855 |
| Charlestown Flats | One Bedroom Flat | 1BR,1BA | $995 |
| Parkside Trace Apartments | 1 BEDROOM 1 BATHROOM NEW CONSTRUCTION | 1BR,1BA | $999 |
Best Value Apartments for Rent in Lexington, IN and Nearby
As of January 24, 2026 the best value apartment in the Lexington area is the $1.03 price per square foot The Sycamore Model at Forest Edge Apartments in the in the Outer Southern Indiana Clark County neighborhood starting from $1,570. The second greatest value Lexington apartment is the 3 Bedroom Model at Oldham Oaks starting at $1,180 with a $0.87 price per square foot . 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. |
|---|---|---|---|
| Forest Edge Apartments | The Sycamore | 3BR,2BA | $1.03 |
| Oldham Oaks | 3 Bedroom | 3BR,2BA | $0.87 |
| Plum Ridge Apartments | Two Bed | 2BR,2BA | $1.05 |
| Rivers Edge Residences | 2 Beds, 2 baths | 2BR,2BA | $1.10 |
| Adelyn Apartments | 12 | 2BR,2BA | $1.16 |
| Stonebridge Apartments | First Floor 2Bed/2Bath | 2BR,2BA | $1.11 |
| Camden Woods Apartments | 2 Bedroom | 2BR,2BA | $1.18 |
| Wolf Run Park Apartments | 2Bedroom/2Bathroom 986 sqft | 2BR,2BA | $1.05 |
| Parkside Trace Apartments | 1 BEDROOM 1 BATHROOM NEW CONSTRUCTION | 1BR,1BA | $1.18 |
| Water's Edge | One Bedroom Reservation List | 1BR,1BA | $1.10 |
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 ArticleThe 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 ArticleCash 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 ArticleQuick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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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 The Jeff On 10th listed at $1,049.
How much is rent for a Cheap One Bedroom Lexington Apartment?
The lowest price for a Cheap One Bedroom Lexington Apartment is $699 at Stonebrook of Scottsburg.
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 $855 at Oldham Oaks.
What is the most affordable Lexington Three Bedroom Apartment?
The best deal on a cheap Lexington Three Bedroom Apartment rental is at Water's Edge and starts from $1,006.
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

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.

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.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.