
Cheap Homes for Rent near Lexington, MS from $500 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Lexington.


90 Widows Rd

433 Lawrence Rd

196 S Alabama Ave
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

307 E Ridgeway St

32800 Co Rd 512

229 Lawrence Rd

6521 Lyndon B Johnson Dr
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

227 Lawrence Rd
Lexington, MS Local Guide

How much does it cost to rent a home in Lexington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lexington 2 Bedroom Homes for Rent | $1,295 | $775 | $1,700 |
| Lexington 3 Bedroom Homes for Rent | $1,723 | $800 | $2,500 |
| Lexington 4 Bedroom Homes for Rent | $2,888 | $1,250 | $6,500 |
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Lexington, MS Local Guide
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Cheapest Available Lexington Apartments for Rent and Nearby
 The cheapest available apartment rental in Lexington, MS is a 1 Bed unit found at Glendale Apartments priced from $653. Yazoo Estates in the Yazoo County neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $800. Here is today’s list of the most affordable Lexington apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Glendale Apartments | 1BR/1BA | 1BR,1BA | $653 |
| Yazoo Estates | 2x1 | 2BR,1BA | $800 |
| Grenada Estates | 2x2 | 2BR,2BA | $807 |
Best Value Apartments for Rent in Lexington, MS and Nearby
As of July 27, 2026 the best value apartment in the Lexington area is the $0.99 price per square foot 3 Bedroom Model at Colony Pointe in the in the Outer Ridgeland Madison neighborhood starting from $1,330. The second greatest value Lexington apartment is the 2Bedroom/2Bath Model at Mark starting at $1,354 with a $1.23 price per square foot in the Outer Ridgeland Madison 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. |
|---|---|---|---|
| Colony Pointe | 3 Bedroom | 3BR,2BA | $0.99 |
| Mark | 2Bedroom/2Bath | 2BR,2BA | $1.23 |
| Grenada Estates | 2x2 | 2BR,2BA | $0.74 |
| Van Mark | one bedroom, one bathroom Renovated | 1BR,1BA | $1.26 |
| Farmington Station | 3x1 (+$50mo water,trash,sewage) | 3BR,1BA | $1.08 |
| The Pointe at Highland | 1 Bedroom | 1BR,1BA | $1.23 |
| Cypress Meadows Apartments | Three Bedroom 60 | 3BR,1.5BA | $1.17 |
| Hampton House | Magnolia | 1BR,1BA | $1.12 |
| Meadows Apartments | One Bedrooms | 1BR,1BA | $1.21 |
| Glendale Apartments | 1BR/1BA | 1BR,1BA | $0.87 |
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 ArticleReal 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Lexington, MS
Frequently Asked Questions about Lexington
What type of rentals are currently available in Lexington?
There are currently 40 Apartments for Rent in Lexington, MS with pricing that ranges from $600 to $2,172. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lexington ranging from $525 to $6,500.
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 $525 to $6,500 with an average monthly rent of $1,717.
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 $893 to $2,172, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,250 and Four Bedroom Apartments start at $975.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.