
Cheap Homes for Rent near Lexington, OR from $1,300 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Lexington.


323 SW 16th St

24520 S Oak St
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.

1291 SW 12th St

417 NE 43rd St

151 SW Nye Ave
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.
Lexington, OR 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 | $1,733 | $1,300 | $1,795 |
| Lexington 3 Bedroom Homes for Rent | $2,106 | $1,400 | $4,000 |
| Lexington 4 Bedroom Homes for Rent | $3,407 | $1,650 | $5,495 |
Browse Top Homes for Rent 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 $875. 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 | $875 |
| Heatherstone | 1x1-582 | 1BR,1BA | $925 |
| Vintage at Richland | 2 Bdrm A | Age 55+ | 2BR,1BA | $995 |
Best Value Apartments for Rent in Lexington, OR and Nearby
As of August 18, 2026 the best value apartment in the Lexington area is the $1.36 price per square foot 3 Bed 2 Bath Model at Clearwater Bay and Herron Lake Apartments in the in the Tapteal neighborhood starting from $1,770. The second greatest value Lexington apartment is the 3X2.5 Model at West Vine Townhomes starting at $1,950 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. |
|---|---|---|---|
| Clearwater Bay and Herron Lake Apartments | 3 Bed 2 Bath | 3BR,2BA | $1.36 |
| West Vine Townhomes | 3X2.5 | 3BR,2.5BA | $1.59 |
| Preferred Rentals, LLC | 3 x 1.5 | 3BR,1.5BA | $1.44 |
| Port View Apartments | 2x2A | 2BR,2BA | $1.44 |
| Village at Grandridge | Classic 2 bed 1 bath | 2BR,1BA | $1.25 |
| Westgate Apartment Homes | Stream | 2BR,2BA | $1.57 |
| Townhouse Villa | 2BR/1.0BA | 2BR,1BA | $1.47 |
| Copper Mountain | Crestview | 2BR,1BA | $1.53 |
| Vintage at Richland | 2 Bdrm A | Age 55+ | 2BR,1BA | $1.39 |
| Heatherstone | 1x1-582 | 1BR,1BA | $1.59 |
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!
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See the most popular apartments and homes in Lexington, OR
Frequently Asked Questions about Lexington
What type of rentals are currently available in Lexington?
There are currently 41 Apartments for Rent in Lexington, OR with pricing that ranges from $850 to $12,312. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lexington ranging from $1,300 to $5,495.
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 $1,300 to $5,495 with an average monthly rent of $2,117.
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 $1,542 to $2,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $4,000. Four Bedroom Single-Family rentals are also available starting from $1,650 and Four Bedroom Apartments start at $1,717.
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.

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.

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.