Cheap Apartments for Rent in the Davidson Neighborhood of Lexington, NC from $303 (91 Rentals)

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

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.

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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

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.

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Parkview Apartments
Studio to 2 Bedroom Apartments

Parkview Apartments

215-217 W 3rd AveLexington, NC 27292
  • Utilities Included
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150 MLK
2 Bedroom Apartments

150 MLK

150 Martin Luther King Jr BlvdLexington, NC 27292
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30 E 4th St
2 to 3 Bedroom Apartments

30 E 4th St

30 E 4th StLexington, NC 27292

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 216 Church St
$695

Total Monthly Price

Base Rent$695
Total Monthly Price$695
2 Bedroom, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

216 Church St, Unit 1

216 Church St
ThomasvilleNC27360

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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Davidson, Lexington, NC Local Guide

Cheapest Available Davidson Apartments for Rent

 

The cheapest available apartment rental in the Davidson area of Lexington, NC is a 2 Beds unit found at 150 MLK priced from $875. The Reserve on Main Street has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. Here are the most affordable Davidson apartments for rent in Lexington, NC:

Apartment ListingModel NameBed/BathPriced From
150 MLK2BR/1.0BA2BR,1BA$875
The Reserve on Main Street1 Bed/1 Bath1BR,1BA$899
Mason Manor Apartments1BRb1BR,1BA$899
Southgate Gardens1 Bed 1 Bath1BR,1BA$915
Lexington Park ApartmentsCozy One Bedroom Apartment Home1BR,1BA$920
306 N Jackson Street1BR/1.0BA1BR,1BA$950
Hawk Ridge ApartmentsOne Bedroom One Bath1BR,1BA$950
530 Park Ave1-Bedroom1BR,1BA$950
3010 Ingleside Dr2 Beds, 1 Baths2BR,1BA$965
The Summit Apartments2 Beds, 1.5 Baths2BR,1BA$975

Best Value Apartments for Rent in Davidson, NC

As of September 05, 2026 the best value apartment in the Davidson area is the $1.06 price per square foot Blossom Model at Wallburg Landing in the in the Southeast Winston Salem neighborhood starting from $1,553. The second greatest value Davidson apartment is the Aspen-Three bedroom One Bathroom 1,212 sqf Model at Pearl at High Point starting at $1,449 with a $1.20 price per square foot in the Westover Park neighborhood. Here is today’s list of the best values for Davidson apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Wallburg LandingBlossom3BR,2BA$1.06
Pearl at High PointAspen-Three bedroom One Bathroom 1,212 sqf3BR,1BA$1.20
Clemmons Village Apartments2B Flat Semi-Classic2BR,1BA$1.21
108 Sherman StThree Bedroom3BR,1BA$1.00
Holly Hill Townhomes2 BED 1.5 BATH2BR,1.5BA$1.20
Willow WoodsTWO BEDROOM2BR,1.5BA$1.22
150 MLK2BR/1.0BA2BR,1BA$0.95
729 Fisher Ferry St2 Beds, 1 Baths2BR,1BA$1.08
Westchester Key Apartments2BR - 1BTH2BR,1BA$1.17
Creekside at Kennedy Mill2 Bed/1.5 Bath2BR,1.5BA$1.13

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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Pet Friendly Lifestyle
Davidson, Lexington, NC

Ranked #1

Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Davidson, Lexington, NC

School data provided by Great Schools

Frequently Asked Questions about Cheap Davidson Apartments

What is the price of a cheap apartment in Davidson?

The cheapest apartment in Davidson is The Reserve on Main Street which is listed at $899, while the average apartment in Davidson costs $1,227.

What types of apartments are the cheapest in Davidson?

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 4 regular apartments in Davidson 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 Davidson?

Cheap apartments in Davidson have an average cost of $145 which is $1,082 cheaper than the average rent for all rentals in Davidson.

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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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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.