
Cheap Apartments for Rent in Lexington, NE from $615 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in Lexington.


North Adams Flats

Prairie Heights Apartments

Vintage Rows

Water Tower Residences

Burlington Place

The Preston
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.

Lakeside

Oak View Apartments

208 Sunrise Rd

Kearney Apartment Homes

Village at Kearney Apartments

Iron Horse Flats

Sandridge Apartments
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.

South Platte Terrace Apartments

Allura Gardens Apartments

74978 Road 444

HANGAR 55 AT THEATRE DISTRICT

2500 W 24th St

6th Dimension Apartments

Heartland Flats North Platte

Total Monthly Price
Pacific Place Apartments
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.

702 Maberly St

113 S 6th St

Wheatridge Apartments

1410 Norris Ave

302 E 2nd St

38561 Pheasant Trl

2015 E St

112 W 10th St
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.

4664 US-30

611 Tri-Plex

903 W 1st St

535 Flats

The Cooper Apartment Homes

The Logan on 11th

Loomis Apartment Homes

74980 444th Rd
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.

2500 W 24th St

Grandview Apartments

The Crystal on C Ave

2900 Grand Ave
Lexington, NE Local Guide

How much does it cost to rent an apartment in Lexington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lexington Studio Apartments | $1,098 | $860 | $1,249 |
| Lexington 1 Bedroom Apartments | $1,193 | $675 | $1,899 |
| Lexington 2 Bedroom Apartments | $1,415 | $615 | $2,545 |
| Lexington 3 Bedroom Apartments | $1,435 | $930 | $1,860 |
| Lexington 4 Bedroom Apartments | $1,550 | $1,550 | $1,550 |
Browse Top Apartments in Lexington
See all Apartments in LexingtonExplore Lexington
Lexington, NE Local Guide
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Cheapest Available Lexington Apartments for Rent and Nearby
 The cheapest available apartment rental in Lexington, NE is a 2 Beds unit found at Westside priced from $615. Vintage Rows has the second lowest priced unit, which is a 2 Beds apartment currently listed from $695. Here is today’s list of the most affordable Lexington apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Westside | 2 Bed 1 Bath | 2BR, 1BA | $615 |
| Vintage Rows | 2BR/1.0BA | 2BR, 1BA | $695 |
| The Preston | 1-Bedroom | 1BR, 1BA | $699 |
| Lakeside | 2 Bed 1.5 Bath | 2BR, 1BA | $730 |
| Bel Apartments | 1-Bedroom- Fully Furnished | 1BR, 1BA | $775 |
| Burlington Place | 2 Bed 2 Bath Loft | 2BR, 2BA | $855 |
| Sandridge Apartments | Unit 1A | 1BR, 1BA | $900 |
| Kelley Creek | 2 Bed 1.5 Bath | 2BR, 1BA | $900 |
| North Adams Flats | Classic Model | 2BR, 1BA | $915 |
| South Platte Terrace Apartments | 1 Bedroom | 1BR, 1BA | $920 |
Best Value Apartments for Rent in Lexington, NE and Nearby
As of September 17, 2026 the best value apartment in the Lexington area is the $0.80 price per square foot 2 Bed 2 Bath Loft Model at Burlington Place starting from $855. The second greatest value Lexington apartment is the 2 Bed 2 Bath Loft Model at Westside starting at $870 with a $0.82 price per square foot. 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. |
|---|---|---|---|
| Burlington Place | 2 Bed 2 Bath Loft | 2BR, 2BA | $0.80 |
| Westside | 2 Bed 2 Bath Loft | 2BR, 2BA | $0.82 |
| Vintage Rows | 2BR/1.0BA | 2BR, 1BA | $0.74 |
| 6th Dimension Apartments | 2 Bedroom | 2BR, 1BA | $1.10 |
| Kelley Creek | 2 Bed 1.5 Bath | 2BR, 1.5BA | $1.02 |
| Bel Apartments | 1-Bedroom- Fully Furnished | 1BR, 1BA | $0.91 |
| Lakeside | 2 Bed 1 Bath | 2BR, 1BA | $1.06 |
| North Adams Flats | Classic Model | 2BR, 1BA | $1.14 |
| Village at Kearney Apartments | Two Bedroom Two Bath | 2BR, 2BA | $1.21 |
| South Platte Terrace Apartments | 1 Bedroom | 1BR, 1BA | $1.36 |
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 ArticleNavigating 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.
Read ArticleReal 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.
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, NE
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lexington, NE Rentals by Map
See the most popular apartments and homes in Lexington, NE
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 $699 at The Preston.
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 $615 at Westside.
What is the most affordable Lexington Three Bedroom Apartment?
The best deal on a cheap Lexington Three Bedroom Apartment rental is at Village at Kearney Apartments and starts from $955.
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

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.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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.

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.

