Cheap Apartments for Rent in Lexington, MN from $700 (28 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
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Cottages of Spring Lake Park - 55+
$1,240 - $1,465
Total Monthly Price

Total Monthly Price

Base Rent
$1,225 - $1,450
Required Monthly Fees
$15
Total Monthly Price
$1,240 - $1,465
1 to 2 Bedroom Apartments Available Now

Cottages of Spring Lake Park - 55+

8263 Fillmore St NESpring Lake Park, MN 55432
Senior Living
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  • Low Income
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Lexi Apartments
$1,395 - $2,639
Total Monthly Price

Total Monthly Price

Base Rent
$1,330 - $2,574
Required Monthly Fees
$65
Total Monthly Price
$1,395 - $2,639
1 to 2 Bedroom Apartments Available Now

Lexi Apartments

10717 Austin St NEBlaine, MN 55449
Affordability
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Woodlawn Terrace
1 to 2 Bedroom Apartments

Woodlawn Terrace

7639 Woodlawn DrMounds View, MN 55112
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MV Apartments
1 to 2 Bedroom Apartments

MV Apartments

2305-2315 Groberg StMounds View, MN 55112
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Showing Results 1-28, 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 2 Beds unit found at Oak Hills Manor - Ages 55+ in the Crescent Ponds Heritage neighborhood priced from $1,100. Centennial Plaza Apartments in the Crescent Ponds Heritage neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,145. 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, 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
Woodland North Apartments1 BEDROOM HCP1BR,1BA$1,170
Village PlazaStudio nowStudio,1BA$1,175
Lexington Lofts Apartment CommunityIvyStudio,1BA$1,220
Ridgewood Apartments1 Bedroom Apartment1BR,1BA$1,225
Cottages of Spring Lake Park - 55+One Bedroom1BR,1BA$1,240
The Ephesians at LexingtonBergenStudio,1BA$1,290

Best Value Apartments for Rent in Lexington, MN and Nearby

As of September 13, 2025 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 Three Bedroom B (Wheelchair Accessible) Model at The Legends of Blaine 55+ starting at $1,973 with a $1.49 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.
The Parkshore Apartments of Arden Hills3 Bedroom3BR,2BA$1.57
The Legends of Blaine 55+Three Bedroom B (Wheelchair Accessible)3BR,2BA$1.49
Rice Creek Townhouses3BD Townhome - Updated Kitchen & Floors3BR,1.5BA$1.60
The Legends of Spring Lake Park 55+ LivingTwo Bedroom - B2BR,1BA$1.35
Ridgewood Apartments2 Bedroom Apartment2BR,1BA$1.43
Woodland North Apartments2 BEDROOM B2BR,1BA$1.48
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$1.55
8996 Jackson Avenue, Unit A8996 Jackson Avenue2BR,1BA$1.47
Greenfield EstatesOne bedroom One Bath1BR,1BA$1.64

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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 Village Plaza listed at $1,175.

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

The lowest price for a Cheap One Bedroom Lexington Apartment is $1,145 at Centennial Plaza 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 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 $1,595.

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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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.