
Cheap Apartments for Rent in Lexington, MN from $800 (49 Rentals)
Search the lowest-cost Apartments available for rent right now in Lexington.


Lexington Lofts Apartment Community

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Landings of Lexington

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Village Plaza

James Manor Apartments

Centennial Plaza Apartments

Greenfield Estates

Woodlawn Terrace

Woodland North Apartments
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.

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H2 Flats

Ridgewood Apartments

Landmark Estates

The Ephesians at Lexington

Oak Hills Manor

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2105 Hillview Road, Unit 1

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Cottages of Spring Lake Park

Silver Oaks Court

Viridian Central
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.

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Lexi Apartments

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The Legends of Spring Lake Park 55+ Living

Royal Oaks Apartments

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Arris Blaine

Cottages of Willow Ponds 55+ Senior Community

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9152 Lexington Ave N

5723 Quincy St

The Edison at Rice Creek I and II

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Longhaus
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

North Bay at the Lakes

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Rice Creek Townhouses

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The Legends of Blaine 55+

Gray Stone Flats

The Parkshore Apartments of Arden Hills

936 Sherwood Rd

Cloverleaf Park

Villas of Mounds View - Age 55+

MV Apartments
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.

5980 Anna Ave NE

2800 Hamline Ave N

Twin Homes

1601 N Innsbruck Dr

Pine Manor Estates A 55+ Community

50 115th Ln NE

169 Skyline Dr

1032 County B Rd W

5117 Washington St NE
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.

137 Skyline Dr

2229 Oriole Ave

560 Donegal Cir

11163 4th St NE
Lexington, MN Local Guide

How much does it cost to rent an apartment in Lexington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lexington Studio Apartments | $1,198 | $800 | $1,375 |
| Lexington 1 Bedroom Apartments | $1,565 | $1,000 | $2,251 |
| Lexington 2 Bedroom Apartments | $1,826 | $1,100 | $2,885 |
| Lexington 3 Bedroom Apartments | $2,060 | $1,675 | $2,629 |
| Lexington 4 Bedroom Apartments | $2,295 | $2,295 | $2,295 |
Browse Top Apartments in Lexington
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Lexington, MN Local Guide
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Cheapest Available Lexington Apartments for Rent and Nearby
 The cheapest available apartment rental in Lexington, MN is a 1 Bed unit found at James Manor Apartments in the Long Lake neighborhood priced from $1,000. Greenfield Estates in the New Brighton neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,150. Here is today’s list of the most affordable Lexington apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| James Manor Apartments | 1BR/1BA | 1BR,1BA | $1,000 |
| Greenfield Estates | One bedroom One Bath | 1BR,1BA | $1,150 |
| Woodlawn Terrace | One Bed One Bath | 1BR,1BA | $1,200 |
| Woodland North Apartments | 1 BEDROOM B | 1BR,1BA | $1,239 |
| Ridgewood Apartments | 1 Bedroom Apartment | 1BR,1BA | $1,249 |
| Oak Hills Manor | 1 Bedroom | 1BR,1BA | $1,295 |
| Cottages of Spring Lake Park | 1 Bedroom | 1BR,1BA | $1,296 |
| The Legends of Spring Lake Park 55+ Living | One Bedroom - G | 1BR,1BA | $1,442 |
| Lexington Lofts Apartment Community | Maven | 1BR,1BA | $1,515 |
| Gray Stone Flats | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,599 |
Best Value Apartments for Rent in Lexington, MN and Nearby
As of July 25, 2026 the best value apartment in the Lexington area is the $1.75 price per square foot Reed - Upgraded Model at Foxtail Hollow Townhomes in the in the Johnsville neighborhood starting from $3,583. The second greatest value Lexington apartment is the Three Bedroom B (Wheelchair Accessible) Model at The Legends of Blaine 55+ starting at $1,976 with a $1.50 price per square foot in the Crescent Ponds Heritage 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. |
|---|---|---|---|
| Foxtail Hollow Townhomes | Reed - Upgraded | 3BR,2.5BA | $1.75 |
| The Legends of Blaine 55+ | Three Bedroom B (Wheelchair Accessible) | 3BR,2BA | $1.50 |
| Landings of Lexington | Two Bedroom A | 2BR,2BA | $1.64 |
| Ridgewood Apartments | 2 Bedroom Apartment | 2BR,1BA | $1.45 |
| Woodland North Apartments | 2 BEDROOM B | 2BR,1BA | $1.37 |
| Pine Manor Estates A 55+ Community | Maple | 2BR,1BA | $1.66 |
| Oak Hills Manor | 2 Bedroom | 2BR,1BA | $1.67 |
| Woodlawn Terrace | One Bed One Bath | 1BR,1BA | $1.66 |
| Greenfield Estates | One bedroom One Bath | 1BR,1BA | $1.64 |
| James Manor Apartments | 1BR/1BA | 1BR,1BA | $1.54 |
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 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, MN Rentals by Map
See the most popular apartments and homes in Lexington, MN
Frequently Asked Questions about Cheap Lexington Apartments
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 James Manor Apartments.
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 James Manor Apartments.
What is the most affordable Lexington Three Bedroom Apartment?
The best deal on a cheap Lexington Three Bedroom Apartment rental is at Woodland North Apartments and starts from $1,675.
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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.