
Cheap Homes for Rent in Lexington, IN from $700 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Lexington.


91 N Pike St

432 Greensburg St

714 S State St

746 West St

68 Ridgetop Dr
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.

449 N New Albany St

822 S Walnut St

226 Yager Ave

2985 State Hwy 7

4932 Grant Line Rd

4930 Grant Line Rd
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.
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 | $1,417 | $920 | $2,300 |
Lexington 3 Bedroom Homes for Rent | $2,109 | $950 | $5,000 |
Lexington 4 Bedroom Homes for Rent | $3,468 | $1,850 | $6,500 |
Lexington 5 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
Lexington 6 Bedroom Homes for Rent | $4,000 | $4,000 | $4,000 |
Browse Top Homes for Rent in Lexington
Explore Lexington
Lexington, IN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $750. 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 | A1 | 1BR,1BA | $750 |
Water's Edge | One Bedroom Reservation List | 1BR,1BA | $771 |
281 E Main St | One Bed, One Bath | 1BR,1BA | $775 |
Tracks at Seymour | 1 Bedroom, 1 Bath, 743 Sq Ft | 1BR,1BA | $850 |
Ashby Apartments | 1 BEDROOM 1 BATHROOM SMALL | 1BR,1BA | $964 |
Best Value Apartments for Rent in Lexington, IN and Nearby
As of June 21, 2025 the best value apartment in the Lexington area is the $1.09 price per square foot 3 Bedroom Model at Oldham Oaks in the starting from $1,475. The second greatest value Lexington apartment is the Koehler Springs II Model at Koehler Springs starting at $1,200 with a $0.89 price per square foot in the Southern Indiana 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. |
---|---|---|---|
Oldham Oaks | 3 Bedroom | 3BR,2BA | $1.09 |
Koehler Springs | Koehler Springs II | 3BR,2.5BA | $0.89 |
Williams Crossing Townhomes | WITH Storage | 3BR,2.5BA | $1.04 |
Forest Edge Apartments | The Sequoia | 2BR,2BA | $1.19 |
Plum Ridge Apartments | Two Bed | 2BR,2BA | $1.05 |
Rivers Edge Residences | 2 Beds, 2 baths | 2BR,2BA | $1.10 |
Lakeview Apartments | 2 BEDROOM 2 BATHROOM B | 2BR,2BA | $1.12 |
Renaissance Park Apartments | New Construction Two Bedroom Two Bathroom | 2BR,2BA | $1.18 |
281 E Main St | One Bed, One Bath | 1BR,1BA | $0.97 |
Water's Edge | One Bedroom Reservation List | 1BR,1BA | $1.10 |
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.
Frequently Asked Questions about Lexington
What type of rentals are currently available in Lexington?
There are currently 42 Apartments for Rent in Lexington, IN with pricing that ranges from $750 to $5,692. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lexington ranging from $700 to $6,500.
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 $6,500 with an average monthly rent of $2,713.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.