
Cheap Homes for Rent in Lexington, OR from $800 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Lexington.


507 SW 12th St

3510 W 10th Ave
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.

123 SE 18th St

219 SW 3rd St

409 NE 37th St
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.

206 NW 14th St
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 | $1,469 | $995 | $1,995 |
| Lexington 3 Bedroom Homes for Rent | $2,185 | $1,350 | $4,000 |
| Lexington 4 Bedroom Homes for Rent | $3,348 | $1,650 | $5,495 |
Browse Top Homes for Rent in Lexington
Explore Lexington
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 $825. Vintage at Richland in the South Center neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $995. 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 | $825 |
| Vintage at Richland | 2 Bdrm A | Age 55+ | 2BR,1BA | $995 |
| Highlander Apartments | 1 bedroom 1 bath down | 1BR,1BA | $1,069 |
Best Value Apartments for Rent in Lexington, OR and Nearby
As of July 01, 2026 the best value apartment in the Lexington area is the $1.40 price per square foot 2x2.5 live/work lofts Model at Argyle Southridge in the starting from $2,950. The second greatest value Lexington apartment is the 3x2 Model at Port View Apartments starting at $2,045 with a $1.45 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. |
|---|---|---|---|
| Argyle Southridge | 2x2.5 live/work lofts | 2BR,2.5BA | $1.40 |
| Port View Apartments | 3x2 | 3BR,2BA | $1.45 |
| Clearwater Bay Apartments | 2 Bed 2 Bath | 2BR,2BA | $1.27 |
| Lakeside Apartments | Two Bedroom | 2BR,2BA | $1.34 |
| Skyline Apartments, LLC | 2 Bedrooms, 1 Bath Apartment Home | 2BR,1BA | $1.64 |
| Townhouse Villa | 2BR/1.0BA | 2BR,1BA | $1.47 |
| Copper Mountain | Crestview | 2BR,1BA | $1.53 |
| Crown Village | Two Bed One Bath | 2BR,1BA | $1.44 |
| Vintage at Richland | 2 Bdrm A | Age 55+ | 2BR,1BA | $1.39 |
| Copper Ridge | Sage | 1BR,1BA | $1.60 |
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 40 Apartments for Rent in Lexington, OR with pricing that ranges from $875 to $12,312. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lexington ranging from $850 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 $850 to $5,495 with an average monthly rent of $1,917.
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 $2,925, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 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

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.