Cheap Apartments for Rent in Lexington, MN from $700 (19 Rentals)

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Village Plaza
Rent Specials
$975 - $2,295
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$975 - $2,295
Total Monthly Price
$975 - $2,295
Studio to 4 Bedroom Apartments Available Now

Village Plaza

33 Village PkyCircle Pines, MN 55014
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

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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.

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MV Apartments
1 to 2 Bedroom Apartments

MV Apartments

2305-2315 Groberg StMounds View, MN 55112
  • Utilities Included

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.

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Lexington, MN Local Guide

Cheapest Available Lexington Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lexington, MN is a Studio unit found at 89 Lexington Lakes in the Crescent Ponds Heritage neighborhood priced from $790. Oak Hills Manor - Ages 55+ in the Crescent Ponds Heritage neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,100. Here is today’s list of the most affordable Lexington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
89 Lexington LakesStudioStudio,1BA$790
Oak Hills Manor - Ages 55+Oak Hills Manor, Large 2 bed, 1 bath.2BR,1BA$1,100
Centennial Plaza Apartments1 Bed, 1 bath1BR,1BA$1,145
Greenfield EstatesOne bedroom One Bath1BR,1BA$1,150
The Ephesians at LexingtonBergenStudio,1BA$1,190

Best Value Apartments for Rent in Lexington, MN and Nearby

As of January 25, 2026 the best value apartment in the Lexington area is the $1.57 price per square foot 3 Bedroom Model at The Parkshore Apartments of Arden Hills in the in the Downtown New Brighton neighborhood starting from $2,300. The second greatest value Lexington apartment is the 3BD Townhome - Updated Kitchen & Floors Model at Rice Creek Townhouses starting at $1,925 with a $1.60 price per square foot in the Highview neighborhood. Here is today’s list of the best values for Lexington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Parkshore Apartments of Arden Hills3 Bedroom3BR,2BA$1.57
Rice Creek Townhouses3BD Townhome - Updated Kitchen & Floors3BR,1.5BA$1.60
North Bay at the LakesBayley II2BR,1.5BA$1.56
Village Plaza2 Bd, 2 Bth now2BR,2BA$1.57
Landings of LexingtonTwo Bedroom A2BR,2BA$1.61
Oak Hills Manor - Ages 55+Oak Hills Manor, Large 2 bed, 1 bath.2BR,1BA$1.17
Woodland North Apartments1 BEDROOM A1BR,1BA$1.52
Cloverleaf Park Apartments1 Bed/1 Bath1BR,1BA$1.67
Cottages of Spring Lake Park - 55+ Community1 Bedroom ADA no hook up1BR,1BA$1.69
Greenfield EstatesOne bedroom One Bath1BR,1BA$1.64

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.

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The 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.

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Cash 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.

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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 89 Lexington Lakes listed at $790.

How much is rent for a Cheap One Bedroom Lexington Apartment?

The lowest price for a Cheap One Bedroom Lexington Apartment is $1,050 at 89 Lexington Lakes.

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 $1,100 at Oak Hills Manor - Ages 55+.

What is the most affordable Lexington Three Bedroom Apartment?

The best deal on a cheap Lexington Three Bedroom Apartment rental is at Rice Creek Townhouses and starts from $1,800.

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

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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.

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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.

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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.

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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.