Cheap Apartments for Rent in Lexington, VA from $500 (24 Rentals)

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Maury River Place
1 to 2 Bedroom Apartments

Maury River Place

60 Willow Springs RdLexington, VA 24450
  • Utilities Included

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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Midtown on 12th
Studio to 1 Bedroom Apartments

Midtown on 12th

1701 12th StLynchburg, VA 24501
  • 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 1-24, Page 1 of 1

Lexington, VA Local Guide

Cheapest Available Lexington Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lexington, VA is a 1 Bed unit found at 500 Euclid Avenue in the Tate Springs neighborhood priced from $695. Elora Gardens Lynchburg in the Tate Springs neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $696. Here is today’s list of the most affordable Lexington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
500 Euclid AvenueStudio1BR,1BA$695
Elora Gardens Lynchburg1 Bedroom1BR,1BA$696
Bramblewood Apartments1BR/1.0BA1BR,1BA$750
Miller's Rest ApartmentsPritchell2BR,2BA$803
Huntingwood Apartments1 Bed, 1 bath1BR,1BA$850

Best Value Apartments for Rent in Lexington, VA and Nearby

As of June 13, 2025 the best value apartment in the Lexington area is the $0.83 price per square foot 3BR/1.5BA Model at Ivy Creek Apartments in the starting from $999. The second greatest value Lexington apartment is the 3 Bedroom Model at Walden Pond Apartment Homes starting at $1,389 with a $1.20 price per square foot in the Tate Springs 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.
Ivy Creek Apartments3BR/1.5BA3BR,1.5BA$0.83
Walden Pond Apartment Homes3 Bedroom3BR,2BA$1.20
Forestbrook Apartments3 Bed/ 2 Bath with Den3BR,2BA$0.92
Park Place Apartments3BR/2BA Renovated3BR,2BA$1.16
Miller's Rest ApartmentsPritchell2BR,2BA$0.85
Bramblewood Apartments3BR/1.0BA3BR,1BA$1.11
The Timbers2 Bedroom, 1 Bathroom2BR,1BA$0.98
County Green Apartment Homes1 Bed, 1 bath1BR,1BA$1.15
Midtown Lofts1 Bed 1 Bath1BR,1BA$1.19
Princeton Circle West ApartmentsContemporary1BR,1BA$1.19

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Pet Friendly Lifestyle
Lexington, VA

Ranked #36

Among cities in Virginia for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Lexington, VA

School data provided by Great Schools

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

Explore Lexington, VA Rentals by Map

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See the most popular apartments and homes in Lexington, VA

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Getting Around Lexington, VA

Walk Score®

39 / 100

Car-Dependent

Most errands require a car

Bike Score®

26 / 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

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

The lowest price for a Cheap One Bedroom Lexington Apartment is $695 at 500 Euclid Avenue.

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 $803 at Miller's Rest Apartments.

What is the most affordable Lexington Three Bedroom Apartment?

The best deal on a cheap Lexington Three Bedroom Apartment rental is at Bramblewood Apartments and starts from $999.

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.