Cheap Apartments for Rent in Lexington, OH from $400 (54 Rentals)

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

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Mansfield Homes VI
3 to 4 Bedroom Apartments

Mansfield Homes VI

291 Lakewood DrLexington, OH 44904

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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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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247 Otterbein Dr, Unit 247
$1,000
Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000
2 Bedroom Apartment Available Aug 22

247 Otterbein Dr, Unit 247

247 Otterbein DrMansfield, OH 44904
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810 Betner Dr
1 to 2 Bedroom Apartments

810 Betner Dr

810 Betner DrMansfield, OH 44907
  • Utilities Included

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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Lakeside Apartments
1 to 2 Bedroom Apartments

Lakeside Apartments

2755 Lexington AveMansfield, OH 44904
  • Utilities Included
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Fox Hollow Apartments
1 to 2 Bedroom Apartments

Fox Hollow Apartments

291 Lakewood RdMansfield, OH 44904
  • Utilities Included
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Ridgewood Senior Villas
2 Bedroom Apartments

Ridgewood Senior Villas

1065 E Beal AveBucyrus, OH 44820
Senior Living
  • Utilities Included
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Ridgewood Court
1 Bedroom Apartments

Ridgewood Court

1140-1162 N Market StGalion, OH 44833
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Community View
Studio to 1 Bedroom Apartments

Community View

1250 Crescent Heights RdMarion, OH 43302
Senior Living
  • 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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Oak Wood Apartments
2 to 3 Bedroom Apartments

Oak Wood Apartments

279-335 Castor RdMansfield, OH 44904
Corporate Housing
  • Utilities Included

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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Lexington, OH Local Guide

Cheapest Available Lexington Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lexington, OH is a Studio unit found at Cedargate Apartments priced from $504. Heatherwood Terrace in the Mansfield neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $599. Here is today’s list of the most affordable Lexington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cedargate ApartmentsStudioStudio,1BA$504
Heatherwood TerraceStudioStudio,1BA$599
Vanover Square ApartmentsMarion Court1BR,1BA$699
Colonial EstatesStudioStudio,1BA$815
Professional Park Townhomes & ApartmentsStudioStudio,1BA$825
Oak Wood Apartments2x12BR,1BA$826
Cedar Wood Apartments2x12BR,1BA$826
Eastside TownhomesTwo Bedroom/1 bathroom2BR,1BA$845
228 E Center st228 E Center1BR,1BA$880
Park Avenue West Apartments and TownhomesThe Villa2BR,1BA$889

Best Value Apartments for Rent in Lexington, OH and Nearby

As of August 05, 2026 the best value apartment in the Lexington area is the $1.28 price per square foot 2 x 2 Model at Latitude 40 Flats in the in the Montgomery Township neighborhood starting from $1,725. The second greatest value Lexington apartment is the 3BR/1.0BA Model at Sunset Blvd Apartments starting at $1,100 with a $1.00 price per square foot in the Mansfield 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.
Latitude 40 Flats2 x 22BR,2BA$1.28
Sunset Blvd Apartments3BR/1.0BA3BR,1BA$1.00
Mallard LandingThe Drake2BR,1BA$1.15
Union Lofts80-Chestnu2BR,1BA$1.20
Whetstone ManorThree Bedroom3BR,2BA$1.05
Park Avenue West Apartments and TownhomesThe Villa2BR,1BA$0.97
Eastside TownhomesTwo Bedroom/1 bathroom2BR,1BA$0.96
Cedar Wood Apartments2x12BR,1BA$0.97
Oak Wood Apartments2x12BR,1BA$0.97
Vanover Square ApartmentsMarion Court1BR,1BA$1.22

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

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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 Cedargate Apartments listed at $504.

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

The lowest price for a Cheap One Bedroom Lexington Apartment is $626 at Cedargate Apartments.

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 $826 at Cedar Wood Apartments.

What is the most affordable Lexington Three Bedroom Apartment?

The best deal on a cheap Lexington Three Bedroom Apartment rental is at Whetstone Manor and starts from $970.

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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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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.