Cheap Apartments for Rent in Lexington, MS from $600 (33 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lexington.

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.

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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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Meadows Apartments
1 to 2 Bedroom Apartments

Meadows Apartments

433 Meadowlark DrCanton, MS 39046
  • Utilities Included
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The Arlington
1 to 3 Bedroom Apartments

The Arlington

5845 Ridgewood RdJackson, MS 39211

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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Sunchase Ridgeland
1 to 2 Bedroom Apartments

Sunchase Ridgeland

875 William BlvdRidgeland, MS 39157
  • Utilities Included
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Trace
1 to 2 Bedroom Apartments

Trace

340 Arbor DrRidgeland, MS 39157
Corporate Housing

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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Lexington, MS Local Guide

Cheapest Available Lexington Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lexington, MS is a 2 Beds unit found at Grenada Estates priced from $807. Hampton House in the Outer Ridgeland Madison neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $849. Here is today’s list of the most affordable Lexington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Grenada Estates2x22BR,2BA$807
Hampton HouseM Magnolia1BR,1BA$849
The Park at Inverness1 Bedroom / 1 Bathroom Silver Prep1BR,1BA$850
Royal Oak Apartments1 Bedroom 1 Bathroom1BR,1BA$900
Tracewood1 Bedroom 1 Bathroom Upgraded1BR,1BA$900
Farmington Station2x1 (+$50/mo water,trash,sewage)2BR,1BA$925
PinebrookThe Elm1BR,1BA$950
Lakeshore Landing Apartments1BR 1BA (677 SF)1BR,1BA$956
Somerset Apartments1 Bedroom 1 Bathroom1BR,1BA$995
Cypress Meadows ApartmentsThree Bedroom 603BR,1BA$995

Best Value Apartments for Rent in Lexington, MS and Nearby

As of April 16, 2026 the best value apartment in the Lexington area is the $1.23 price per square foot Arbor Model at Arbors at Natchez Trace Apartments in the in the Outer Ridgeland Madison neighborhood starting from $1,358. The second greatest value Lexington apartment is the 2 Bedroom Model at The Pointe at Highland starting at $1,270 with a $1.16 price per square foot in the North Jackson 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.
Arbors at Natchez Trace ApartmentsArbor2BR,2BA$1.23
The Pointe at Highland2 Bedroom2BR,2BA$1.16
Grenada Estates2x22BR,2BA$0.74
Northtown Apartments2 Bedroom 2 Bathroom2BR,2BA$1.20
Ridgeland Place Apartment HomesAspen1BR,1BA$1.15
Trails at Northpointe2 Bed 1 Bath2BR,1BA$1.13
Farmington Station2x1 (+$50/mo water,trash,sewage)2BR,1BA$1.07
Cypress Meadows ApartmentsThree Bedroom 603BR,1.5BA$1.17
Hampton HouseM Magnolia1BR,1BA$1.09
Tracewood1 Bedroom 1 Bathroom1BR,1BA$1.26

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.

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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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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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Quick 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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lexington, MS Rentals by Map

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See the most popular apartments and homes in Lexington, MS

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Frequently Asked Questions about Cheap Lexington Apartments

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

The lowest price for a Cheap One Bedroom Lexington Apartment is $849 at Hampton House.

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 $807 at Grenada Estates.

What is the most affordable Lexington Three Bedroom Apartment?

The best deal on a cheap Lexington Three Bedroom Apartment rental is at Cypress Meadows Apartments and starts from $995.

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

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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.

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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.

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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.