Cheap Apartments for Rent in Lexington, TX from $300 (49 Rentals)

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

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.

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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.

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Prose Manor
Rent Specials
$1,162 - $2,183
Total Monthly Price

Total Monthly Price

Base Rent
$1,162 - $2,183
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Prose Manor

11925 Ring DrManor, TX 78653
Luxury
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Tacara Weiss Ranch
Rent Specials
$1,183 - $2,393
Total Monthly Price

Total Monthly Price

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$1,183 - $2,393
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Studio to 3 Bedroom Apartments Available Now

Tacara Weiss Ranch

4401 E Pflugerville PkyPflugerville, TX 78660
Active Lifestyle
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  • Customer Reviewed
  • 3D Tour

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Narrows
$1,199 - $1,994
Total Monthly Price

Total Monthly Price

Base Rent
$1,199 - $1,994
Total Monthly Price
$1,199 - $1,994
1 to 3 Bedroom Apartments Available Now

The Narrows

400 CR 137Hutto, TX 78634
Affordability
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  • Customer Reviewed
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Alta Trails
Rent Specials
$1,427 - $2,522
Total Monthly Price

Total Monthly Price

Base Rent
$1,427 - $2,522
Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

Alta Trails

945 Blakey LnBastrop, TX 78602
Family Friendly
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13900 Mussel Run
Studio Apartments

13900 Mussel Run

13900 Mussel RunElgin, TX 78621
  • Utilities Included
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Sierra Apartments
1 to 2 Bedroom Apartments

Sierra Apartments

200 Maple LnElgin, TX 78621
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-49, Page 1 of 1

Lexington, TX Local Guide

Cheapest Available Lexington Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lexington, TX is a 1 Bed unit found at Rockdale priced from $780. The Commons Apartments at Hickory Creek has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here is today’s list of the most affordable Lexington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
RockdaleA1BR,1BA$780
The Commons Apartments at Hickory Creek1 Bed1BR,1BA$895
Commons at ManorA11BR,1BA$899
Sunrise Apartment Homes2 Bedroom2BR,1BA$910
Hunter's Chase Senior ApartmentsFalcon Deluxe2BR,1BA$925
Parkside Apartments2 bedroom2BR,1BA$995
Arbors of Bastrop1 Bed, 1 bath1BR,1BA$999
Settlement Estates1 Bed, 1 bath1BR,1BA$1,004
Shade Tree Apartment Homes2 bedroom2BR,1BA$1,020
Arbors Of TaylorOne Bedroom/One Bath1BR,1BA$1,130

Best Value Apartments for Rent in Lexington, TX and Nearby

As of May 01, 2026 the best value apartment in the Lexington area is the $1.36 price per square foot C Model at Walnut Ridge Apartments in the in the Tahitian Village neighborhood starting from $1,669. The second greatest value Lexington apartment is the B1 Model at Prose Manor starting at $1,696 with a $1.44 price per square foot in the Shadow Glen neighborhood. 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.
Walnut Ridge ApartmentsC3BR,2BA$1.36
Prose ManorB12BR,2BA$1.44
Gardens of Taylor - Ages 55+ ONLY Community2 Bed 2 Bath2BR,2BA$1.31
Riverwood Commons II - 55+ Community2 Beds, 2 baths2BR,2BA$1.29
Shade Tree Apartment Homes2 bedroom2BR,1.5BA$1.05
Sunrise Apartment Homes2 Bedroom2BR,1BA$1.04
Parkside Apartments2 bedroom2BR,1BA$1.16
Hunter's Chase Senior ApartmentsFalcon Deluxe2BR,1BA$1.09
The Commons Apartments at Hickory Creek1 Bed1BR,1BA$1.12
Commons at ManorA11BR,1BA$1.21

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick 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.

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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 Tacara Weiss Ranch listed at $1,168.

How much is rent for a Cheap One Bedroom Lexington Apartment?

The lowest price for a Cheap One Bedroom Lexington Apartment is $780 at Rockdale.

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 $910 at Sunrise Apartment Homes.

What is the most affordable Lexington Three Bedroom Apartment?

The best deal on a cheap Lexington Three Bedroom Apartment rental is at The Preserve at Hunters Crossing and starts from $1,620.

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.