Cheap Apartments for Rent in Lexington, NC from $300 (29 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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Hilltop Terrace
Studio to 2 Bedroom Apartments

Hilltop Terrace

111 N Carolina AveLexington, NC 27292
Senior Living
  • Utilities Included
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Jackson Square
1 to 3 Bedroom Apartments

Jackson Square

100 Jackson Square DrLexington, NC 27295
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Parkview Apartments
Studio to 2 Bedroom Apartments

Parkview Apartments

215-217 W 3rd AveLexington, NC 27292
  • Utilities Included

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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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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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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Showing Results 1-29, Page 1 of 1

Lexington, NC Local Guide

Cheapest Neighborhoods for Apartments in Lexington, NC

Pricing Updated: 05/26/2026

Current apartment rentals in the Lexington, NC area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Lexington Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Davidson$1,580$695148
Uptown Lexington$1,687$82034

Cheapest Available Lexington Apartments for Rent

 

The cheapest available apartment rental in Lexington, NC is a 1 Bed unit found at 27 Hege Drive in the Davidson neighborhood priced from $745. North Point and Hallmark Apartments in the Davidson neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $820. Here is today’s list of the most affordable Lexington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
27 Hege Drive1/11BR,1BA$745
North Point and Hallmark ApartmentsTOWNHOME (HALLMARK)2BR,1BA$820
Lexington Park ApartmentsCozy One Bedroom Apartment Home1BR,1BA$920
Fairview Village1 Bedroom Garden1BR,1BA$975
Lexington StationThe Retreat1BR,1BA$1,050
30 E 4th St32 East 4th2BR,1BA$1,100
Reserve at Regents CenterThe Norman1BR,1BA$1,155
309-311 W 3rd AveLexington2BR,1BA$1,290

Best Value Apartments for Rent in Lexington, NC

As of May 26, 2026 the best value apartment in the Lexington area is the $0.95 price per square foot TOWNHOME (NORTH POINT) Model at North Point and Hallmark Apartments in the in the Davidson neighborhood starting from $975. The second greatest value Lexington apartment is the Lexington Model at 309-311 W 3rd Ave starting at $1,290 with a $1.39 price per square foot in the Davidson 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.
North Point and Hallmark ApartmentsTOWNHOME (NORTH POINT)2BR,1.5BA$0.95
309-311 W 3rd AveLexington2BR,1BA$1.39
30 E 4th St32 East 4th2BR,1BA$1.38
Reserve at Regents CenterThe Southport w/Balcony1BR,1BA$1.63
Fairview Village1 Bedroom Garden1BR,1BA$1.43
Lexington Park ApartmentsCozy One Bedroom Apartment Home1BR,1BA$1.52
Lexington StationThe Retreat1BR,1BA$2.02
27 Hege Drive1/11BR,1BA$1.43

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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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.

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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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Best Local Schools in
Lexington, NC

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
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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 $745 at 27 Hege Drive.

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 $820 at North Point and Hallmark Apartments.

What is the most affordable Lexington Three Bedroom Apartment?

The best deal on a cheap Lexington Three Bedroom Apartment rental is at 30 E 4th St and starts from $1,200.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.

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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.