
Cheap Apartments for Rent near Lexington, TX from $300 (49 Rentals)
Search the lowest-cost Apartments available for rent right now in Lexington.


Gardens of Taylor - Ages 55+ ONLY Community

Cameron Terrace

Rockdale

Commons at Manor

Sunrise Apartment Homes

The Commons Apartments at Hickory Creek

Parkside Apartments

The Grand at Manor Apartments
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.

Arbors of Bastrop

Shade Tree Apartment Homes

Riverwood Commons II - 55+ Community

North Creek

Arbors Of Taylor

Parkview Apartments

1104 NE 9th St

The Preserve at Hunters Crossing

Resia Hutto Square
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.

Hutto Station

Total Monthly Price
Tacara Weiss Ranch

Hunters Crossing

Total Monthly Price
The Narrows

Total Monthly Price
View at Manor Crossing

Vantage at Hutto

The Lodge at Lost Pines Apartments

Settlement Estates

Total Monthly Price
The Darby
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Lakeside Apartments

Walnut Ridge Apartments

Total Monthly Price
Prose Manor

Total Monthly Price
The Grassdale at Manor

Woodview

Livano Pflugerville

Avendale at The Colony

Burnett Place Apartments

13900 Mussel Run
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.

602 N Shaw St

1612 W 5th St

112 Hillside Cove

Sierra Apartments

204 Hall St

305 N 5th St

817 Lloyd Ln

1116 E Cameron Ave

200 Hall 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.

Crescent Village

468 W Washington St

5670 US-290

937 Co Rd 305
Lexington, TX Local Guide

How much does it cost to rent an apartment in Lexington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lexington Studio Apartments | $1,228 | $995 | $1,400 |
| Lexington 1 Bedroom Apartments | $1,448 | $383 | $2,031 |
| Lexington 2 Bedroom Apartments | $1,796 | $835 | $3,145 |
| Lexington 3 Bedroom Apartments | $2,054 | $915 | $3,196 |
| Lexington 4 Bedroom Apartments | $2,304 | $2,225 | $2,738 |
Browse Top Apartments in Lexington
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Lexington, TX Local Guide
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Cheapest Available Lexington Apartments for Rent and Nearby
 The cheapest available apartment rental in Lexington, TX is a 1 Bed unit found at Hunter's Chase Senior Apartments (55+ Only) priced from $383. Cameron Terrace has the second lowest priced unit, which is a 1 Bed apartment currently listed from $669. Here is today’s list of the most affordable Lexington apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hunter's Chase Senior Apartments (55+ Only) | Falcon | 1BR,1BA | $383 |
| Cameron Terrace | A 1x1 | 1BR,1BA | $669 |
| Rockdale | A | 1BR,1BA | $780 |
| Commons at Manor | A1 | 1BR,1BA | $781 |
| Sunrise Apartment Homes | 3271Bed | 1BR,1BA | $825 |
| The Commons Apartments at Hickory Creek | 1 Bed | 1BR,1BA | $895 |
| The Grand at Manor Apartments | E1 | Studio,1BA | $995 |
| Parkside Apartments | 2 bedroom | 2BR,1BA | $995 |
| Arbors of Bastrop | 1 Bed, 1 bath | 1BR,1BA | $999 |
| Shade Tree Apartment Homes | 2 bedroom | 2BR,1BA | $1,020 |
Best Value Apartments for Rent in Lexington, TX and Nearby
As of July 30, 2026 the best value apartment in the Lexington area is the $1.22 price per square foot Fir Model at Limestone Creek Rental Homes in the in the Travis Northeast neighborhood starting from $2,225. The second greatest value Lexington apartment is the 2 Bed 2 Bath Model at Gardens of Taylor - Ages 55+ ONLY Community starting at $1,290 with a $1.31 price per square foot in the Taylor Hutto neighborhood. 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. |
|---|---|---|---|
| Limestone Creek Rental Homes | Fir | 4BR,2BA | $1.22 |
| Gardens of Taylor - Ages 55+ ONLY Community | 2 Bed 2 Bath | 2BR,2BA | $1.31 |
| Riverwood Commons II - 55+ Community | 2 Beds, 2 baths | 2BR,2BA | $1.29 |
| Shade Tree Apartment Homes | 2 bedroom | 2BR,1.5BA | $1.05 |
| Parkside Apartments | 2 bedroom | 2BR,1BA | $1.16 |
| Hunter's Chase Senior Apartments (55+ Only) | Falcon Deluxe | 2BR,1BA | $1.09 |
| The Commons Apartments at Hickory Creek | 1 Bed | 1BR,1BA | $1.12 |
| Commons at Manor | A1 | 1BR,1BA | $1.05 |
| Sunrise Apartment Homes | 3271Bed | 1BR,1BA | $1.23 |
| Cameron Terrace | A 1x1 | 1BR,1BA | $1.03 |
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.
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
See the most popular apartments and homes in Lexington, TX
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 Grand at Manor Apartments listed at $995.
How much is rent for a Cheap One Bedroom Lexington Apartment?
The lowest price for a Cheap One Bedroom Lexington Apartment is $383 at Hunter's Chase Senior Apartments (55+ Only).
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 $835 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 Cameron Terrace and starts from $915.
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.

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.

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.