8956 Griggs Ave
Circle PinesMN55014
Cheap Homes for Rent in Lexington, MN from $1,300 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Lexington.
4540 Tyler St NE
MinneapolisMN55421
2090 Hillview Rd
Mounds ViewMN55112
4140 Rice St
St. PaulMN55126
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.
197 Mayfair Rd
St. PaulMN55127
137 Skyline Dr
St. PaulMN55127
11514 Baltimore St NE
BlaineMN55449
1891 Bluestem Ln
ShoreviewMN55126
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.
4241 2nd St NE
MinneapolisMN55421
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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 | $1,885 | $1,375 | $2,450 |
| Lexington 3 Bedroom Homes for Rent | $2,595 | $1,795 | $4,250 |
| Lexington 4 Bedroom Homes for Rent | $2,943 | $2,200 | $4,300 |
| Lexington 5 Bedroom Homes for Rent | $3,536 | $2,499 | $5,000 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent 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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 89 Lexington Lakes | Studio | Studio,1BA | $790 |
| Centennial Plaza Apartments | 1 Bed, 1 bath | 1BR,1BA | $1,145 |
| Greenfield Estates | One bedroom One Bath | 1BR,1BA | $1,150 |
Best Value Apartments for Rent in Lexington, MN and Nearby
As of June 10, 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 B | 2BR,1BA | $1.37 |
| Royal Oaks Apartments | 2 Bed Gold | 2BR,1BA | $1.65 |
| Oak Hills Manor - Ages 55+ | Oak Hills Manor, 2 bed, 1 bath. | 2BR,1BA | $1.51 |
| Cloverleaf Park | 1 Bed/1 Bath | 1BR,1BA | $1.69 |
| Woodlawn Terrace | One Bed One Bath | 1BR,1BA | $1.66 |
| Greenfield Estates | One bedroom One Bath | 1BR,1BA | $1.64 |
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 Article
Real 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.
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Frequently Asked Questions about Lexington
What type of rentals are currently available in Lexington?
There are currently 55 Apartments for Rent in Lexington, MN with pricing that ranges from $800 to $3,230. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lexington ranging from $1,375 to $5,000.
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 $1,375 to $5,000 with an average monthly rent of $2,711.
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 $1,720 to $3,230, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,795 to $4,250. Four Bedroom Single-Family rentals are also available starting from $2,200 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
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.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.