
Cheap Homes for Rent in Lexington, NC from $700 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Lexington.


364 Watford Rd

306 E 1st St

504A Moore Dr

904 Marsh St
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.

104 Doak St

201 Arthur Dr

20 Goforth Dr

102 Booker Ave

106 N Pugh St
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.

807 Shaver St
Lexington, NC 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 | $1,119 | $795 | $1,600 |
| Lexington 3 Bedroom Homes for Rent | $1,781 | $1,049 | $2,989 |
| Lexington 4 Bedroom Homes for Rent | $2,000 | $1,400 | $2,395 |
| Lexington 5 Bedroom Homes for Rent | $2,995 | $2,995 | $2,995 |
Browse Top Homes for Rent in Lexington
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Lexington, NC Local Guide
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Cheapest Neighborhoods for Apartments in Lexington, NC
Pricing Updated: 02/18/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Davidson | $1,530 | $695 | 171 |
| Uptown Lexington | $1,685 | $825 | 43 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 27 Hege Drive | 1/1 | 1BR,1BA | $825 |
| Parkview Apartments | 1 Bedroom | 1BR,1BA | $825 |
| Lexington Park Apartments | Cozy One Bedroom Apartment Home | 1BR,1BA | $920 |
| Fairview Village | 1 Bedroom Garden | 1BR,1BA | $1,050 |
| Lexington Station | The Retreat | 1BR,1BA | $1,100 |
Best Value Apartments for Rent in Lexington, NC
As of February 18, 2026 the best value apartment in the Lexington area is the $1.25 price per square foot 415 Ford St Model at 415 Ford St, Unit 415 B in the in the Davidson neighborhood starting from $2,000. The second greatest value Lexington apartment is the 3 Beds, 3 Baths Model at 121-138 Diver Dr starting at $1,750 with a $1.35 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 415 Ford St, Unit 415 B | 415 Ford St | 3BR,2.5BA | $1.25 |
| 121-138 Diver Dr | 3 Beds, 3 Baths | 3BR,3BA | $1.35 |
| 30 E 4th St | 32 East 4th | 2BR,1BA | $1.38 |
| Reserve at Regents Center | The Southport w/Balcony | 1BR,1BA | $1.65 |
| Fairview Village | 1 Bedroom Garden | 1BR,1BA | $1.50 |
| Lexington Park Apartments | Cozy One Bedroom Apartment Home | 1BR,1BA | $1.52 |
| Parkview Apartments | 1 Bedroom | 1BR,1BA | $1.38 |
| 27 Hege Drive | 1/1 | 1BR,1BA | $1.59 |
| Lexington Station | The Retreat | 1BR,1BA | $2.12 |
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 ArticleThe 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.
Read ArticleCash 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.
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.
Best Local Schools in Lexington, NC
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lexington, NC Rentals by Map
See the most popular apartments and homes in Lexington, NC
Frequently Asked Questions about Lexington
What type of rentals are currently available in Lexington?
There are currently 68 Apartments for Rent in Lexington, NC with pricing that ranges from $825 to $2,000. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lexington ranging from $750 to $2,995.
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 $750 to $2,995 with an average monthly rent of $1,729.
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

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.