Cheap Apartments for Rent in Lexington, MN from $700 (42 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lexington.

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Landings of Lexington
1 to 3 Bedroom Apartments

Landings of Lexington

9400 Lexington AveLexington, MN 55014
  • Utilities Included
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Village Plaza
$995 - $2,295
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$995 - $2,295
Total Monthly Price
$995 - $2,295
Studio to 4 Bedroom Apartments Available Now

Village Plaza

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

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.

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H2 Flats
Rent Specials
$1,249 - $1,489
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,249 - $1,489
Total Monthly Price
$1,249 - $1,489
1 to 2 Bedroom Apartments Available May 9

H2 Flats

2659 County Road H2Mounds View, MN 55112
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  • Customer Reviewed
  • 3D Tour

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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property at 8956 Griggs Ave

$1,375 - $1,400

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,375 - $1,400
Total Monthly Price
$1,375 - $1,400

2 Bedroom, 1 Bath Townhome for Rent

Available Now

8956 Griggs Ave

Circle PinesMN55014
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The Legends of Blaine 55+
Rent Specials
$1,423 - $1,973
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,423 - $1,973
Total Monthly Price
$1,423 - $1,973
1 to 3 Bedroom Apartments Available Now

The Legends of Blaine 55+

10826 NE Austin StBlaine, MN 55449
Senior Living
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  • Utilities Included
  • Low Income

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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Arris Blaine
Rent Specials
$1,574 - $2,413
Total Monthly Price

Total Monthly Price

Base Rent
$1,536 - $2,375
Required Monthly Fees
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Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Arris Blaine

9460 Ulysses St NEMinneapolis, MN 55434
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Lexi Apartments
$1,664 - $2,401
Total Monthly Price

Total Monthly Price

Base Rent
$1,600 - $2,337
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Jul 1

Lexi Apartments

10717 Austin St NEBlaine, MN 55449
Affordability
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  • Customer Reviewed
  • 3D Tour

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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Rice Creek Townhouses
Rent Specials
$1,800 - $1,925
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,800 - $1,925
Total Monthly Price
$1,800 - $1,925
3 Bedroom Apartments Available Now

Rice Creek Townhouses

1652 69th Ave NEFridley, MN 55432
Family Friendly
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  • Customer Reviewed
  • Utilities Included
property at 1601 N Innsbruck Dr

$995 - $1,750

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$995
Total Monthly Price
$995

Studio To 2 Bedroom Rentals

Available Now

1601 N Innsbruck Dr

FridleyMN55432
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MV Apartments
1 to 2 Bedroom Apartments

MV Apartments

2305-2315 Groberg StMounds View, MN 55112
  • Utilities Included
property at 137 Skyline Dr

$1,190

Total Monthly Price

Total Monthly Price

Base Rent
$1,190
Total Monthly Price
$1,190

3 Bedroom, 2 Bath Home for Rent

Available Now

137 Skyline Dr

St. PaulMN55127
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Cloverleaf Park
Studio to 3 Bedroom Apartments

Cloverleaf Park

9401 Polk St NEBlaine, MN 55434
  • Utilities Included
property at 649 Old Hwy 8

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295
Total Monthly Price
$1,295

1 Bedroom, 1 Bath Townhome for Rent

Available Jun 1

649 Old Hwy 8

New BrightonMN55112
property at 8956 Griggs Ave

$1,375

Total Monthly Price

Total Monthly Price

Base Rent
$1,375
Total Monthly Price
$1,375

2 Bedroom, 1 Bath Townhome for Rent

Available Now

8956 Griggs Ave

Circle PinesMN55014

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 4540 Tyler St NE

$1,795

Total Monthly Price

Total Monthly Price

Base Rent
$1,795
Total Monthly Price
$1,795

3 Bedroom, 1 Bath Townhome for Rent

Available Now

4540 Tyler St NE

MinneapolisMN55421
Showing Results 1-42, Page 1 of 1

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. Woodlawn Terrace in the Miller's Crossroads neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,125. Here is today’s list of the most affordable Lexington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
89 Lexington LakesStudioStudio,1BA$790
Woodlawn TerraceOne Bed One Bath1BR,1BA$1,125
Centennial Plaza Apartments1 Bed, 1 bath1BR,1BA$1,145
Greenfield EstatesOne bedroom One Bath1BR,1BA$1,150
Lexington Lofts Apartment CommunityIvyStudio,1BA$1,245
Cottages of Spring Lake Park1 Bedroom1BR,1BA$1,246
The Ephesians at LexingtonBergenStudio,1BA$1,290
Oak Hills Manor - Ages 55+Oak Hills Manor, 2 bed, 1 bath.2BR,1BA$1,300
Ridgewood Apartments1 Bedroom Apartment1BR,1BA$1,325

Best Value Apartments for Rent in Lexington, MN and Nearby

As of April 26, 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
Pine Manor Estates A 55+ CommunityElm2BR,2BA$1.63
Ridgewood Apartments2 Bedroom Apartment2BR,1BA$1.50
Woodland North Apartments2 BEDROOM A2BR,1BA$1.41
Royal Oaks Apartments2 Bed Gold2BR,1BA$1.63
Oak Hills Manor - Ages 55+Oak Hills Manor, 2 bed, 1 bath.2BR,1BA$1.51
8996 Jackson Avenue, Unit D8996 Jackson Avenue2BR,1BA$1.56
Woodlawn TerraceOne Bed One Bath1BR,1BA$1.55
Greenfield EstatesOne bedroom One Bath1BR,1BA$1.64

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lexington, MN Rentals by Map

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See the most popular apartments and homes in Lexington, MN

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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 $1,000 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 $1,245 at Centennial Plaza Apartments.

What is the most affordable Lexington Three Bedroom Apartment?

The best deal on a cheap Lexington Three Bedroom Apartment rental is at The Legends of Spring Lake Park 55+ Living and starts from $1,717.

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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.