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
  • Utilities Included
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Village Plaza
$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
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  • 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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property at 2081 Hillview Rd

2081 Hillview Rd

Mounds ViewMN55112

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
$1,379 - $1,543
Total Monthly Price

Total Monthly Price

Base Rent
$1,364 - $1,528
Required Monthly Fees
$15
Total Monthly Price
$1,379 - $1,543
Studio to 2 Bedroom Apartments Available Nov 11

Arris Blaine

9460 Ulysses St NEMinneapolis, MN 55434
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Lexi Apartments
$1,394 - $2,602
Total Monthly Price

Total Monthly Price

Base Rent
$1,330 - $2,538
Required Monthly Fees
$64
Total Monthly Price
$1,394 - $2,602
1 to 2 Bedroom Apartments Available Now

Lexi Apartments

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

Woodlawn Terrace

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

MV Apartments

2305-2315 Groberg StMounds View, MN 55112
  • Utilities Included
property at 7673 E River Rd

7673 E River Rd

FridleyMN55432

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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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 Studio unit found at 89 Lexington Lakes in the Crescent Ponds Heritage neighborhood priced from $790. 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
89 Lexington LakesStudioStudio,1BA$790
Centennial Plaza Apartments1 Bed, 1 bath1BR,1BA$1,145
Greenfield EstatesOne bedroom One Bath1BR,1BA$1,150
Village PlazaStudio nowStudio,1BA$1,175
The Ephesians at LexingtonBergenStudio,1BA$1,190
Cottages of Spring Lake Park - 55+ Community1 Bedroom ADA1BR,1BA$1,210
Cloverleaf Park Apartments1 Bed/1 Bath1BR,1BA$1,279
Lexington Lofts Apartment CommunityMaven1BR,1BA$1,345
Lexi ApartmentsMeadow1BR,1BA$1,394
Twin Homes2BR With Garage2BR,1BA$1,399

Best Value Apartments for Rent in Lexington, MN and Nearby

As of November 01, 2025 the best value apartment in the Lexington area is the $1.77 price per square foot Aster Model at Foxtail Hollow Townhomes in the in the Johnsville neighborhood starting from $2,928. The second greatest value Lexington apartment is the 3 Bedroom Model at The Parkshore Apartments of Arden Hills starting at $2,300 with a $1.57 price per square foot in the Downtown New Brighton 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 TownhomesAster2BR,2.5BA$1.77
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
Twin Homes2BR With Garage2BR,1BA$1.75
The Legends of Spring Lake Park 55+ LivingOne Bedroom - D (Balcony)1BR,1BA$1.86
Cloverleaf Park Apartments1 Bed/1 Bath1BR,1BA$1.67
Cottages of Spring Lake Park - 55+ Community1 Bedroom1BR,1BA$1.68
Greenfield EstatesOne bedroom One Bath1BR,1BA$1.64
Centennial Plaza Apartments1 Bed, 1 bath1BR,1BA$1.76

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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Remember the 3 Rules of Real Estate:
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 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 $1,145 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 $1,245 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 $1,681.

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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.