Cheap Apartments for Rent in Lexington, NC from $300 (28 Rentals)

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

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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Hilltop Terrace
Studio to 2 Bedroom Apartments

Hilltop Terrace

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

Jackson Square

100 Jackson Square DrLexington, NC 27295
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420 Salem St
Studio Apartments

420 Salem St

420 Salem StLexington, NC 27292
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402 National Blvd
1 Bedroom Apartments

402 National Blvd

402 National BlvdLexington, NC 27292
  • Utilities Included
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128 Hamil St
Studio Apartments

128 Hamil St

128 Hamil StLexington, NC 27292
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219-229 Flynt St
Studio Apartments

219-229 Flynt St

219-229 Flynt StLexington, NC 27295
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215 Hamil St
Studio Apartments

215 Hamil St

215 Hamil StLexington, NC 27292
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205 Dacotah St
Studio Apartments

205 Dacotah St

205 Dacotah StLexington, NC 27292

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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The Club Apartments
1 to 4 Bedroom Apartments

The Club Apartments

6 London CtLexington, NC 27292
  • Utilities Included
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309-311 W 3rd Ave
2 Bedroom Apartments

309-311 W 3rd Ave

309-311 W 3rd AveLexington, NC 27292
  • Utilities Included
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302 Park St
Studio Apartments

302 Park St

302 Park StLexington, NC 27292
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503 Burgin Dr
Studio Apartments

503 Burgin Dr

503 Burgin DrLexington, NC 27292

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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275 Hinkle Ln
Studio Apartments

275 Hinkle Ln

275 Hinkle LnLexington, NC 27295
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Mt. Moriah Manor
1 Bedroom Apartments

Mt. Moriah Manor

202 Robert Floyd DrLexington, NC 27295
Senior Living
  • Utilities Included

Lexington, NC Local Guide

Cheapest Neighborhoods for Apartments in Lexington, NC

Pricing Updated: 09/18/2025

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$1,530$675154
Uptown Lexington$1,765$67546

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 $825. Parkview Apartments in the Davidson neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here is today’s list of the most affordable Lexington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
27 Hege Drive1/11BR,1BA$825
Parkview Apartments1 Bedroom1BR,1BA$825
Lexington Park Apartments1B/1B1BR,1BA$885
North Point and Hallmark ApartmentsTOWNHOME (NORTH POINT)2BR,1BA$910
Fairview Village1 Bedroom Garden1BR,1BA$1,000
The Reserve at Regents CenterThe Norman1BR,1BA$1,145
Lexington StationThe Haven2BR,2BA$1,175

Best Value Apartments for Rent in Lexington, NC

As of September 19, 2025 the best value apartment in the Lexington area is the $0.89 price per square foot TOWNHOME (NORTH POINT) Model at North Point and Hallmark Apartments in the in the Davidson neighborhood starting from $910. The second greatest value Lexington apartment is the The Haven Model at Lexington Station starting at $1,175 with a $1.36 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$0.89
Lexington StationThe Haven2BR,2BA$1.36
The Reserve at Regents CenterThe Southport with Balcony1BR,1BA$1.74
Fairview Village1 Bedroom Garden1BR,1BA$1.46
Parkview Apartments1 Bedroom1BR,1BA$1.38
507 Adams St, Unit C507 Adams St2BR,1BA$1.25
27 Hege Drive1/11BR,1BA$1.38

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

Explore Lexington, NC Rentals by Map

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Getting Around Lexington, NC

Walk Score®

39 / 100

Car-Dependent

Most errands require a car

Bike Score®

29 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Lexington Apartments

What is the price of a cheap apartment in Lexington?

The cheapest apartment in Lexington is 27 Hege Drive which is listed at $725, while the average apartment in Lexington costs $1,647.

What types of apartments are the cheapest in Lexington?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 7 regular apartments in Lexington that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lexington?

Cheap apartments in Lexington have an average cost of $265 which is $1,382 cheaper than the average rent for all rentals in Lexington.

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.