Cheap Homes for Rent near Lexington, TN from $700 (10 Rentals)

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Search the lowest-cost Homes available for rent right now in Lexington.

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.

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, TN Local Guide

Cheapest Available Lexington Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lexington, TN is a 1 Bed unit found at Purdy Place Apartments priced from $725. Lakeside Manor Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $750. Here is today’s list of the most affordable Lexington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Purdy Place Apartments1 BDR/1 Bath1BR,1BA$725
Lakeside Manor Apartments2 Bedroom2BR,1BA$750
PARK VILLAGE OF PARIS2 Bedroom 1 Bathroom2BR,1BA$786

Best Value Apartments for Rent in Lexington, TN and Nearby

As of July 22, 2026 the best value apartment in the Lexington area is the $1.00 price per square foot Model2A Model at Suites of Larue in the in the Downtown Jackson neighborhood starting from $1,200. The second greatest value Lexington apartment is the B2 Model at Camellia Trace starting at $1,295 with a $1.09 price per square foot . Here is today’s list of the best values for Lexington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Suites of LarueModel2A2BR,2BA$1.00
Camellia TraceB22BR,2BA$1.09
PARK VILLAGE OF PARIS4 Bedroom 2 Bathroom4BR,2BA$1.03
Pointe at Ridge Cove Apartments2BR - 2BTH Renovated W/D2BR,2BA$1.12
Pointe at Boardwalk1BR - 1BTH Renovated1BR,1BA$1.07
Pointe at 7311BR - 1BTH Renovated W/D1BR,1BA$1.20
Milan Luxury Apartments2BR/2.0BA2BR,2BA$1.19
Riverbrook Luxury Apartments2BR/2.0BA2BR,2BA$1.19
Lakeside Manor Apartments2 Bedroom2BR,1BA$0.96
Purdy Place Apartments1 BDR/1 Bath1BR,1BA$0.97

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.

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Real 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.

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Frequently Asked Questions about Lexington

What type of rentals are currently available in Lexington?

There are currently 44 Apartments for Rent in Lexington, TN with pricing that ranges from $725 to $2,600. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lexington ranging from $795 to $4,000.

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 $795 to $4,000 with an average monthly rent of $1,538.

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 $925 to $2,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $795 to $2,400. Four Bedroom Single-Family rentals are also available starting from $1,400 and Four Bedroom Apartments start at $1,195.

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

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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.

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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.

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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.

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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.