1601 N Innsbruck Dr
FridleyMN55432
Cheap Homes for Rent in Lexington, MN from $900 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Lexington.
137 Skyline Dr
St. PaulMN55127
649 Old Hwy 8
New BrightonMN55112
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.
8956 Griggs Ave
Circle PinesMN55014
8956 Griggs Ave
Circle PinesMN55014
4540 Tyler St NE
MinneapolisMN55421
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.
Showing Results 1-6, Page 1 of 1
Lexington, MN Local Guide
Sunrise with the sunflowers by Lorie Shaull is licensed under CC BY 2.0
How much does it cost to rent a home in Lexington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lexington 2 Bedroom Homes for Rent | $1,735 | $1,375 | $2,395 |
| Lexington 3 Bedroom Homes for Rent | $2,348 | $1,190 | $4,250 |
| Lexington 4 Bedroom Homes for Rent | $2,634 | $2,150 | $3,200 |
| Lexington 5 Bedroom Homes for Rent | $3,766 | $2,499 | $5,400 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 89 Lexington Lakes | Studio | Studio,1BA | $790 |
| Woodlawn Terrace | One Bed One Bath | 1BR,1BA | $1,125 |
| Centennial Plaza Apartments | 1 Bed, 1 bath | 1BR,1BA | $1,145 |
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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Parkshore Apartments of Arden Hills | 3 Bedroom | 3BR,2BA | $1.57 |
| Rice Creek Townhouses | 3BD Townhome - Updated Kitchen & Floors | 3BR,1.5BA | $1.60 |
| Pine Manor Estates A 55+ Community | Elm | 2BR,2BA | $1.63 |
| Ridgewood Apartments | 2 Bedroom Apartment | 2BR,1BA | $1.50 |
| Woodland North Apartments | 2 BEDROOM A | 2BR,1BA | $1.41 |
| Royal Oaks Apartments | 2 Bed Gold | 2BR,1BA | $1.63 |
| Oak Hills Manor - Ages 55+ | Oak Hills Manor, 2 bed, 1 bath. | 2BR,1BA | $1.51 |
| 8996 Jackson Avenue, Unit D | 8996 Jackson Avenue | 2BR,1BA | $1.56 |
| Woodlawn Terrace | One Bed One Bath | 1BR,1BA | $1.55 |
| Greenfield Estates | One bedroom One Bath | 1BR,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.
Read Article
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 ArticleThe 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.
Read ArticleCash 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.
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.
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See the most popular apartments and homes in Lexington, MN
Frequently Asked Questions about Lexington
What type of rentals are currently available in Lexington?
There are currently 57 Apartments for Rent in Lexington, MN with pricing that ranges from $800 to $3,045. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lexington ranging from $995 to $5,400.
What is the current price range for Rental Homes in Lexington?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lexington ranges from $995 to $5,400 with an average monthly rent of $2,237.
How much are larger Three and Four Bedroom Rentals in Lexington?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lexington range from $1,600 to $2,585, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,190 to $4,250. Four Bedroom Single-Family rentals are also available starting from $2,150 and Four Bedroom Apartments start at $2,295.
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
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.
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.
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.
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.