Cheap Apartments for Rent in Lexington, TX from $500 (23 Rentals)

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

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 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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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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13900 Mussel Run
Studio Apartments

13900 Mussel Run

13900 Mussel RunElgin, TX 78621
  • Utilities Included
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Lexington, TX Local Guide

Cheapest Available Lexington Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lexington, TX is a 2 Beds unit found at Cameron Terrace priced from $785. Sunrise Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $805. Here is today’s list of the most affordable Lexington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cameron TerraceB 2x12BR,1BA$785
Sunrise Apartment Homes1 Bedroom1BR,1BA$805
Parkside Apartments1 bedroom1BR,1BA$895
Shade Tree Apartment Homes1 bedroom1BR,1BA$895
The Commons Apartments at Hickory Creek1 Bed1BR,1BA$895

Best Value Apartments for Rent in Lexington, TX and Nearby

As of July 29, 2025 the best value apartment in the Lexington area is the $1.26 price per square foot Magnolia Model at Beacon at Presidential Heights in the in the Travis Northeast neighborhood starting from $2,086. The second greatest value Lexington apartment is the Ginkgo Model at Beacon at Vine Creek starting at $2,103 with a $1.37 price per square foot in the Blackhawk 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.
Beacon at Presidential HeightsMagnolia3BR,2BA$1.26
Beacon at Vine CreekGinkgo3BR,2BA$1.37
The NarrowsDragonroot3BR,2BA$1.09
Carver Ridge ApartmentsB12BR,2BA$1.31
Gardens of Taylor2 Beds, 2 baths2BR,2BA$1.27
Prose ManorA11BR,1BA$1.30
Cameron TerraceB 2x12BR,1BA$0.95
Arbors of Bastrop2 Beds, 1 bath2BR,1BA$1.34
The Commons Apartments at Hickory Creek1 Bed1BR,1BA$1.12
Sunrise Apartment Homes1 Bedroom1BR,1BA$1.34

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Lexington, TX

Ranked #226

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Lexington, TX

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lexington, TX Rentals by Map

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Getting Around Lexington, TX

Walk Score®

12 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

27 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 Flats at Shadowglen listed at $975.

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

The lowest price for a Cheap One Bedroom Lexington Apartment is $805 at Sunrise Apartment Homes.

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 $785 at Cameron Terrace.

What is the most affordable Lexington Three Bedroom Apartment?

The best deal on a cheap Lexington Three Bedroom Apartment rental is at The Narrows and starts from $1,399.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.