
Cheap Apartments for Rent near Lexington, OR from $795 (38 Rentals)
Search the lowest-cost Apartments available for rent right now in Lexington.


Heatherstone

Highlander Apartments

Village at Grandridge

Copper Mountain

Copper Ridge

Wildflower

On the Boulevard

Westgate Apartment Homes
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.

Orchard Hills

Keller Apartments

Bella Vista Apartments

Total Monthly Price
Clearwater Bay and Herron Lake Apartments

La Serena at Hansen Park

Badger Canyon

The Hub Hermiston

Tidewater Communities

Total Monthly Price
Crosspointe
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.

Clearwater Lofts

Total Monthly Price
Grandridge Place

Skyline Apartments, LLC

South Hills Apartments

Irving Place Apartments

Crown Village

Port View Apartments

2601 SW Hailey Ave

The Falls on 24th
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.

Vintage at Richland

614 SE Emigrant Ave

Villas at Meadow Springs

1212 SW Isaac Ave

2903 NE Riverside Ave

Townhouse Villa

323 SW 16th St

Kamden Court

24520 S Oak 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.

Lakeside Apartments

402 McCoy St
Lexington, OR Local Guide

How much does it cost to rent an apartment in Lexington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lexington Studio Apartments | $1,184 | $795 | $1,930 |
| Lexington 1 Bedroom Apartments | $1,499 | $925 | $2,820 |
| Lexington 2 Bedroom Apartments | $1,837 | $1,107 | $3,081 |
| Lexington 3 Bedroom Apartments | $2,003 | $1,277 | $2,800 |
| Lexington 4 Bedroom Apartments | $1,789 | $1,717 | $2,355 |
Browse Top Apartments in Lexington
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Lexington, OR Local Guide
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Cheapest Available Lexington Apartments for Rent and Nearby
 The cheapest available apartment rental in Lexington, OR is a Studio unit found at The Q in the South Center neighborhood priced from $795. Heatherstone has the second lowest priced unit, which is a 1 Bed apartment currently listed from $925. Here is today’s list of the most affordable Lexington apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Q | Studio A | Studio, 1BA | $795 |
| Heatherstone | 1x1-582 | 1BR, 1BA | $925 |
| Irving Place Apartments | 1X1 | 1BR, 1BA | $1,099 |
| Highlander Apartments | 1 bedroom 1 bath up w/d | 1BR, 1BA | $1,100 |
| Crown Village | One Bed One Bath | 1BR, 1BA | $1,110 |
| Wildflower | 1 Bed 1 Bath | 1BR, 1BA | $1,150 |
| Vintage at Richland | 2 Bdrm A | Age 55+ | 2BR, 1BA | $1,299 |
| Orchard Hills | One Bedroom | 1BR, 1BA | $1,300 |
| Keller Apartments | Clasic | 2BR, 1BA | $1,325 |
| Copper Mountain | Stonecrest | 2BR, 2BA | $1,338 |
Best Value Apartments for Rent in Lexington, OR and Nearby
As of September 18, 2026 the best value apartment in the Lexington area is the $1.34 price per square foot Ag Three Bed Model at Port View Apartments starting from $1,880. The second greatest value Lexington apartment is the Three Bedroom Model at Lakeside Apartments in the Tapteal neighborhood starting at $1,869 with a $1.59 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. |
|---|---|---|---|
| Port View Apartments | Ag Three Bed | 3BR, 2BA | $1.34 |
| Lakeside Apartments | Three Bedroom | 3BR, 2BA | $1.59 |
| Crosspointe | 3x2 | 3BR, 2BA | $1.59 |
| Preferred Rentals, LLC | 3 x 1.5 | 3BR, 1.5BA | $1.44 |
| Irving Place Apartments | 3X1.5 | 3BR, 1.5BA | $1.52 |
| Clearwater Bay and Herron Lake Apartments | 1 Bed 1 Bath | 1BR, 1BA | $1.39 |
| Skyline Apartments, LLC | Spacious Two Bedroom Apartment Homes Available | 2BR, 1BA | $1.66 |
| Townhouse Villa | 2BR/1.0BA | 2BR, 1BA | $1.47 |
| Copper Mountain | Crestview | 2BR, 1BA | $1.53 |
| Copper Ridge | Crestview | 2BR, 1BA | $1.55 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lexington, OR Rentals by Map
See the most popular apartments and homes in Lexington, OR
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 The Q listed at $795.
How much is rent for a Cheap One Bedroom Lexington Apartment?
The lowest price for a Cheap One Bedroom Lexington Apartment is $895 at The Q.
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 $1,107 at Heatherstone.
What is the most affordable Lexington Three Bedroom Apartment?
The best deal on a cheap Lexington Three Bedroom Apartment rental is at Heatherstone and starts from $1,277.
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.