Cheap Apartments for Rent in Lexington, MN from $900 (31 Rentals)

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

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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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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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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MV Apartments
1 to 2 Bedroom Apartments

MV Apartments

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

Navigating 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.

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Lexington, MN Local Guide

Cheapest Available Lexington Apartments for Rent

 

The cheapest available apartment rental in Lexington, MN is a 1 Bed unit found at Oak Hills Manor - Ages 55+ in the Crescent Ponds Heritage neighborhood priced from $900. Greenfield Estates in the Miller's Crossroads neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,200. Here is today’s list of the most affordable Lexington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Oak Hills Manor - Ages 55+Oak Hills Manor, 1 bed, 1 bath.1BR,1BA$900
Greenfield EstatesOne bedroom One Bath1BR,1BA$1,200
Ridgewood Apartments1 Bedroom Apartment1BR,1BA$1,225
Pine Manor Estates A 55+ CommunityPine1BR,2BA$1,245
Cottages of Spring Lake Park - 55+Two bedroom2BR,1BA$1,250
Lexi ApartmentsMeadow1BR,1BA$1,267
The Ephesians at LexingtonBergenStudio,1BA$1,290
Cottages of Willow Ponds 55+ Senior Community2BD/1BTH2BR,1BA$1,375
Twin Homes2BR With Garage2BR,1BA$1,399
Lexington Lofts Apartment CommunityMaven1BR,1BA$1,425

Best Value Apartments for Rent in Lexington, MN

As of June 26, 2025 the best value apartment in the Lexington area is the $1.67 price per square foot Aster - Upgraded Model at Foxtail Hollow Townhomes in the in the Johnsville neighborhood starting from $2,771. The second greatest value Lexington apartment is the Three Bedroom B (Wheelchair Accessible) Model at The Legends of Blaine 55+ starting at $1,980 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Foxtail Hollow TownhomesAster - Upgraded2BR,2.5BA$1.67
The Legends of Blaine 55+Three Bedroom B (Wheelchair Accessible)3BR,2BA$1.50
Woodland North Apartments2 BEDROOM B2BR,1BA$1.26
Rice Creek Townhouses3BD Townhome - Updated Kitchen & Floors3BR,1.5BA$1.58
Landings of LexingtonTwo Bedroom D2BR,2BA$1.56
Ridgewood Apartments2 Bedroom Apartment2BR,1BA$1.43
Cottages of Spring Lake Park - 55+Two bedroom2BR,1BA$1.32
Oak Hills Manor - Ages 55+Oak Hills Manor, Large 2 bed, 1 bath.2BR,1BA$1.17
Cottages of Willow Ponds 55+ Senior Community2BD/1BTH2BR,1BA$1.48
Pine Manor Estates A 55+ CommunityPine1BR,2BA$1.70

Quick Rent Budget Calculator

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Location, Location, Location!

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Getting Around Lexington, MN

Walk Score®

65 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

66 / 100

Bikeable

Some bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 The Ephesians at Lexington listed at $1,290.

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

The lowest price for a Cheap One Bedroom Lexington Apartment is $900 at Oak Hills Manor - Ages 55+.

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 The Legends of Spring Lake Park 55+ Living and starts from $1,495.

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.

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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.

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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.

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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.

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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.