Cheap Homes for Rent in Lexington, NC from $800 (15 Rentals)

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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.

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.

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.

Lexington, NC Local Guide

Cheapest Neighborhoods for Apartments in Lexington, NC

Pricing Updated: 05/19/2026

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
Uptown Lexington$1,050$1,0501
Davidson$2,715$800123

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

Best Value Apartments for Rent in Lexington, NC

As of May 20, 2026 the best value apartment in the Lexington area is the $1.22 price per square foot 103 E Center St Model at 103 E Center St, Unit A in the in the Davidson neighborhood starting from $1,400. The second greatest value Lexington apartment is the TOWNHOME (NORTH POINT) Model at North Point and Hallmark Apartments starting at $975 with a $0.95 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.
103 E Center St, Unit A103 E Center St2BR,2BA$1.22
North Point and Hallmark ApartmentsTOWNHOME (NORTH POINT)2BR,1.5BA$0.95
211 Butterfly Dr, Unit 211 butterfly dr211 Butterfly Dr2BR,1BA$1.00
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
27 Hege Drive1/11BR,1BA$1.43
Lexington StationThe Retreat1BR,1BA$2.02

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

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Frequently Asked Questions about Lexington

What type of rentals are currently available in Lexington?

There are currently 70 Apartments for Rent in Lexington, NC with pricing that ranges from $820 to $1,848. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lexington ranging from $800 to $3,550.

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 $800 to $3,550 with an average monthly rent of $1,822.

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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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.