
Cheap Homes for Rent in Lexington, OH from $700 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Lexington.


293 E 1st St

454 Parnell Dr

16135 OH-39

320 Superior 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.

240 1/2 E Bowman St

133-133 Garden St

7 Earl Ave

1021 Orange Rd

40 Gibson Ave
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.

587 Bailey Dr, Unit 13

1386 Robinhood Ln, Unit 7

147 Ford St

19 State St

524 Mary 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.

20 Seltzer Ave
Lexington, OH 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 | $1,294 | $775 | $2,800 |
| Lexington 3 Bedroom Homes for Rent | $1,518 | $795 | $3,200 |
| Lexington 4 Bedroom Homes for Rent | $2,329 | $1,195 | $4,500 |
Browse Top Homes for Rent in Lexington
Explore Lexington
Lexington, OH Local Guide
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Cheapest Available Lexington Apartments for Rent and Nearby
 The cheapest available apartment rental in Lexington, OH is a 4 Beds unit found at Buckeye Village Apartments in the Roseland neighborhood priced from $599. Heatherwood Terrace in the East Mansfield neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $639. Here is today’s list of the most affordable Lexington apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Buckeye Village Apartments | 4BD | 4BR,4BA | $599 |
| Heatherwood Terrace | Efficiency | Studio,1BA | $639 |
| Cedargate Apartments | 1x1 522 | 1BR,1BA | $645 |
| Cardington Place Apartments | 1 Bed, 1 bath | 1BR,1BA | $690 |
| Park Avenue West Apartments | 1x1 | 1BR,1BA | $700 |
Best Value Apartments for Rent in Lexington, OH and Nearby
As of April 24, 2026 the best value apartment in the Lexington area is the $1.08 price per square foot 1949 Richwood Dr Model at 1949 Richwood Dr, Unit 1949 Richwood in the in the Hanley Village neighborhood starting from $1,300. The second greatest value Lexington apartment is the Two Bedroom/1 bathroom Model at Eastside Townhomes starting at $845 with a $0.96 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. |
|---|---|---|---|
| 1949 Richwood Dr, Unit 1949 Richwood | 1949 Richwood Dr | 2BR,2BA | $1.08 |
| Eastside Townhomes | Two Bedroom/1 bathroom | 2BR,1BA | $0.96 |
| Whetstone Manor | Two Bedroom/2 Bath | 2BR,2BA | $1.02 |
| Cedar Wood Apartments | 2x1 | 2BR,1BA | $0.97 |
| Oak Wood Apartments | 2x1 | 2BR,1BA | $0.97 |
| SUNSET BOULEVARD – COMFORT, CONVENIENCE & LOW-MAINTENANCE LIVING | 2BR/1.0BA | 2BR,1BA | $1.06 |
| Stoney Creek Apartments | 2 Bedroom | 2BR,1BA | $1.13 |
| Cardington Place Apartments | 1 Bed, 1 bath | 1BR,1BA | $0.92 |
| Park Avenue West Apartments | 1x1 | 1BR,1BA | $1.00 |
| The Annex of Marion | 2 Bed 1 Bath | 2BR,1BA | $1.01 |
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.
Read ArticleDon'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, OH
Lexington Junior High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lexington, OH Rentals by Map
See the most popular apartments and homes in Lexington, OH
Frequently Asked Questions about Lexington
What type of rentals are currently available in Lexington?
There are currently 68 Apartments for Rent in Lexington, OH with pricing that ranges from $300 to $2,200. There are also 50 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lexington ranging from $775 to $4,500.
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 $775 to $4,500 with an average monthly rent of $1,644.
How much are larger Three and Four Bedroom Rentals in Lexington?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lexington range from $645 to $1,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $795 to $3,200. Four Bedroom Single-Family rentals are also available starting from $1,195 and Four Bedroom Apartments start at $300.
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

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.

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.

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.