
Cheap Homes for Rent near Lexington, IN from $900 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Lexington.


234-244 English Ave

270 Harrison St

230 Bank St

232 Bank St

1101 Foghorn Dr
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

201 Stonebench Cir

3115 Lighthouse Dr

29 Johns Ct

33 Johns Ct

8801 W State Hwy 22

11408 Center Hill Ct
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Lexington, IN Local Guide

How much does it cost to rent a home in Lexington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lexington 2 Bedroom Homes for Rent | $1,590 | $925 | $3,500 |
| Lexington 3 Bedroom Homes for Rent | $2,083 | $1,300 | $4,995 |
| Lexington 4 Bedroom Homes for Rent | $3,005 | $1,895 | $5,500 |
| Lexington 5 Bedroom Homes for Rent | $6,500 | $3,500 | $9,500 |
Browse Top Homes for Rent in Lexington
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Lexington, IN Local Guide
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Best Value Homes for Rent in Lexington, IN and Nearby
As of September 22, 2026 the best value rental home in the Lexington area is the $0.73 price per square foot 1704 Reel Pl Model at 1704 Reel Pl starting from $2,200. The second greatest value Lexington rental home is the 232 Bank St Model at 232 Bank St starting at $1,099 with a $3.14 price per square foot. Here is today’s list of the best values for Lexington homes based on price per square foot:
| Home Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1704 Reel Pl | 1704 Reel Pl | 4BR, 3BA | $0.73 |
| 232 Bank St | 232 Bank St | 1BR, 1BA | $3.14 |
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 ArticleNavigating 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.
Read ArticleReal 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lexington, IN Rentals by Map
See the most popular apartments and homes in Lexington, IN
Frequently Asked Questions about Lexington
What type of rentals are currently available in Lexington?
There are currently 51 Apartments for Rent in Lexington, IN with pricing that ranges from $497 to $2,900. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lexington ranging from $900 to $9,500.
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 $900 to $9,500 with an average monthly rent of $2,375.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.