
Cheap Apartments for Rent near Lexington, OR from $700 (36 Rentals)
Search the lowest-cost Apartments available for rent right now in Lexington.


Heatherstone

Highlander Apartments

Village at Grandridge

Copper Mountain

Copper Ridge

Keller Apartments

On the Boulevard

Total Monthly Price
Wildflower
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

Westgate Apartment Homes

Bella Vista Apartments

Badger Canyon

Total Monthly Price
Clearwater Bay and Herron Lake Apartments

Tidewater Communities

Clearwater Lofts

La Serena at Hansen Park

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.

Skyline Apartments, LLC

Heritage Manor Apartments

Port View Apartments

South Hill Commons

Vintage at Richland

Crown Village

717 SW 4th St

Irving Place Apartments

120 SE 17th St
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.

912 S Main St

219 NW 12th St

Villas at Meadow Springs

Townhouse Villa

323 SW 16th St

Lakeside Apartments

Kamden Court

24520 S Oak St

1306 SW 10th Ct
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.
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 | $1,490 | $915 | $1,930 |
| Lexington 1 Bedroom Apartments | $1,521 | $925 | $2,496 |
| Lexington 2 Bedroom Apartments | $1,878 | $1,107 | $10,000+ |
| Lexington 3 Bedroom Apartments | $2,030 | $1,542 | $2,800 |
| Lexington 4 Bedroom Apartments | $1,813 | $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 $915. Vintage at Richland in the South Center neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $993. 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 | $915 |
| Vintage at Richland | 2 Bdrm A | Age 55+ | 2BR,1BA | $993 |
| Village at Grandridge | Classic 1 bed 1 bath | 1BR,1BA | $1,035 |
| Heatherstone | 2x1-844 | 2BR,1BA | $1,107 |
| Crown Village | One Bed One Bath | 1BR,1BA | $1,110 |
| Copper Mountain | Sage | 1BR,1BA | $1,117 |
| Copper Ridge | Sage | 1BR,1BA | $1,123 |
| Highlander Apartments | 2 bedroom 1 bath up fireplace | 2BR,1BA | $1,175 |
| Wildflower | 1 Bed 1 Bath | 1BR,1BA | $1,268 |
| Orchard Hills | One Bedroom | 1BR,1BA | $1,295 |
Best Value Apartments for Rent in Lexington, OR and Nearby
As of August 03, 2026 the best value apartment in the Lexington area is the $1.59 price per square foot 3X2.5 Model at West Vine Townhomes in the starting from $1,950. The second greatest value Lexington apartment is the Ag Two Bed A Model at Port View Apartments starting at $1,600 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| West Vine Townhomes | 3X2.5 | 3BR,2.5BA | $1.59 |
| Port View Apartments | Ag Two Bed A | 2BR,2BA | $1.44 |
| Lakeside Apartments | Two Bedroom | 2BR,2BA | $1.37 |
| Clearwater Bay and Herron Lake Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.46 |
| Westgate Apartment Homes | Stream | 2BR,2BA | $1.57 |
| Townhouse Villa | 2BR/1.0BA | 2BR,1BA | $1.47 |
| Highlander Apartments | 2 bedroom 1 bath down w/d | 2BR,1BA | $1.31 |
| Heatherstone | 2x1-844 | 2BR,1BA | $1.31 |
| Village at Grandridge | Classic 1 bed 1 bath | 1BR,1BA | $1.43 |
| Vintage at Richland | 2 Bdrm A | Age 55+ | 2BR,1BA | $1.39 |
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 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 $915.
How much is rent for a Cheap One Bedroom Lexington Apartment?
The lowest price for a Cheap One Bedroom Lexington Apartment is $1,035 at Village at Grandridge.
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 $993 at Vintage at Richland.
What is the most affordable Lexington Three Bedroom Apartment?
The best deal on a cheap Lexington Three Bedroom Apartment rental is at Copper Mountain and starts from $1,542.
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.

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.

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.

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.