Cheap Apartments for Rent in Lexington, NE from $500 (46 Rentals)

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

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Vintage Rows
2 Bedroom Apartments

Vintage Rows

1210 Liberty DrLexington, NE 68850
Senior Living
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Bel Apartments
Studio to 2 Bedroom Apartments

Bel Apartments

204 W 6th StLexington, NE 68850
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North Adams Flats
2 to 3 Bedroom Apartments

North Adams Flats

2100 N Adams StLexington, NE 68850
  • Utilities Included
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The Row
4 Bedroom Apartments

The Row

Eisenhower DrLexington, NE 68850
  • Utilities Included

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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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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Iron Horse Flats
Studio to 3 Bedroom Apartments

Iron Horse Flats

201 West AveHoldrege, NE 68949
Corporate Housing
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535 Flats
Studio to 4 Bedroom Apartments

535 Flats

535 N Minden AveMinden, NE 68959

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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The Logan on 11th
1 to 3 Bedroom Apartments

The Logan on 11th

1103 11th AveHoldrege, NE 68949
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6th Ave Flats
1 to 2 Bedroom Apartments

6th Ave Flats

604 6th AveHoldrege, NE 68949
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1104 Residences
2 Bedroom Apartments

1104 Residences

1104 East AveHoldrege, NE 68949
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832 Flats
2 Bedroom Apartments

832 Flats

322 E 6th StMinden, NE 68959
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812 Sherman St
2 Bedroom Apartments

812 Sherman St

812 Sherman StHoldrege, NE 68949

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-46, Page 1 of 1

Lexington, NE Local Guide

Cheapest Available Lexington Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lexington, NE is a 1 Bed unit found at Burlington Place priced from $675. Westside has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Lexington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Burlington Place1 Bed 1 Bath1BR,1BA$675
Westside1 Bed 1 Bath1BR,1BA$700
Lakeside2 Bed 1 Bath2BR,1BA$880
South Platte Terrace Apartments1 Bedroom1BR,1BA$895
Sandridge ApartmentsUnit 1A1BR,1BA$900
Kelley Creek2 Bed 1.5 Bath2BR,1BA$900
Allura Gardens ApartmentsOne Bedroom One Bathroom1BR,1BA$950
HANGAR 55 AT THEATRE DISTRICTTetonStudio,1BA$965
6th Dimension Apartments2 Bedroom2BR,1BA$995
Cross Creek Apartments1 Bed, 1 Bath1BR,1BA$999

Best Value Apartments for Rent in Lexington, NE and Nearby

As of April 28, 2026 the best value apartment in the Lexington area is the $1.01 price per square foot Three Bedroom Two Bath Model at Village at Kearney Apartments in the starting from $1,050. The second greatest value Lexington apartment is the The Monroe Model at Prairie Heights Apartments starting at $1,420 with a $1.44 price per square foot . 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.
Village at Kearney ApartmentsThree Bedroom Two Bath3BR,2BA$1.01
Prairie Heights ApartmentsThe Monroe2BR,2BA$1.44
Pacific HeightsThe Riverside2BR,2BA$1.23
6th Dimension Apartments2 Bedroom2BR,1BA$1.10
Kelley Creek2 Bed 1.5 Bath2BR,1.5BA$1.02
Lakeside2 Bed 1.5 Bath2BR,1.5BA$1.12
Cross Creek Apartments1 Bed, 1 Bath1BR,1BA$1.34
South Platte Terrace Apartments1 Bedroom1BR,1BA$1.25
Burlington Place1 Bed 1 Bath1BR,1BA$1.01
Westside1 Bed 1 Bath1BR,1BA$1.05

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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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.

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Quick 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.

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Best Local Schools in
Lexington, NE

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Remember the 3 Rules of Real Estate:
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Explore Lexington, NE Rentals by Map

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Frequently Asked Questions about Cheap Lexington Apartments

What is the Cheapest Studio apartment in Lexington?

Currently the most affordable Cheap Studio Apartment in Lexington is at HANGAR 55 AT THEATRE DISTRICT listed at $965.

How much is rent for a Cheap One Bedroom Lexington Apartment?

The lowest price for a Cheap One Bedroom Lexington Apartment is $675 at Burlington Place.

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 $825 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 $1,050.

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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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.

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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.