Cheap Homes for Rent in Lexington, MN from $1,400 (11 Rentals)

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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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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. Oak Hills Manor - Ages 55+ in the Crescent Ponds Heritage neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here is today’s list of the most affordable Lexington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
89 Lexington LakesStudioStudio,1BA$790
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
Lexington Lofts Apartment CommunityIvyStudio,1BA$1,225

Best Value Apartments for Rent in Lexington, MN and Nearby

As of June 04, 2025 the best value apartment in the Lexington area is the $1.64 price per square foot Coneflower - Upgraded Model at Foxtail Hollow Townhomes in the in the Johnsville neighborhood starting from $3,045. 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 Johnsville 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 TownhomesConeflower - Upgraded3BR,2.5BA$1.64
The Legends of Blaine 55+Three Bedroom B (Wheelchair Accessible)3BR,2BA$1.50
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
Woodland North Apartments2 BEDROOM HCP2BR,1BA$1.29
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$1.69

Quick Rent Budget Calculator

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Frequently Asked Questions about Lexington

What type of rentals are currently available in Lexington?

There are currently 54 Apartments for Rent in Lexington, MN with pricing that ranges from $790 to $5,026. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lexington ranging from $1,400 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 $1,400 to $5,000 with an average monthly rent of $3,042.

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 $1,495 to $3,730, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,850 to $4,000. Four Bedroom Single-Family rentals are also available starting from $2,495 and Four Bedroom Apartments start at $2,295.

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 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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.