
Cheap Apartments for Rent in Lexington, VA from $684 (54 Rentals)
Search the lowest-cost Apartments available for rent right now in Lexington.


Huntridge I and II

Maury River Place

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Miller's Rest Apartments

Hillcrest Manor Apartments

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The Timbers

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McCausland Ridge

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Rivermont Park

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Dumont Apartments

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Charanne
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.

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Bramblewood Apartments

Craigmont Manor

500 Euclid Avenue

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Elora Gardens Lynchburg

Huntingwood Apartments

Church Street Townhomes

County Green Apartment Homes

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Princeton Circle West Apartments

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The Westie

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Peakland Apartments
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.

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Ivy Creek Apartments

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Walden Pond Apartment Homes

Montague Terrace

Park Place Apartments

12th & Court Lofts

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Forestbrook Apartments

River Retreat

Mill's Crossing

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Imperial Tobacco Lofts

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Boonsboro Village Apartments
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.

7 Hills Townhomes

Mountain Ridge Apartments

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Factory 88

Town Center Apartments

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Holly Run Apartments

Schoolhouse Apartments

River Lofts West

Midtown Lofts

2461 Rivermont Ave

Lakeside Plaza Apartments
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.

1701 12th Street

Virginia Laundry Lofts

723 Jefferson Street

5131 Boonsboro Rd

Midpoint

The Motor Company Lofts

The Windsor

1444 Tenbury Dr

2202 Hollins Mill Rd

Palmera House Apartments
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.
Lexington, VA Local Guide

How much does it cost to rent an apartment in Lexington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lexington Studio Apartments | $992 | $784 | $1,095 |
| Lexington 1 Bedroom Apartments | $1,164 | $684 | $2,222 |
| Lexington 2 Bedroom Apartments | $1,293 | $795 | $2,407 |
| Lexington 3 Bedroom Apartments | $1,563 | $880 | $2,371 |
| Lexington 4 Bedroom Apartments | $2,050 | $1,800 | $2,300 |
Browse Top Apartments in Lexington
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Lexington, VA Local Guide
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Cheapest Available Lexington Apartments for Rent and Nearby
 The cheapest available apartment rental in Lexington, VA is a 1 Bed unit found at Hillcrest Manor Apartments priced from $700. The Timbers in the Sandusky neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $714. Here is today’s list of the most affordable Lexington apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hillcrest Manor Apartments | 1br | 1BR,1BA | $700 |
| The Timbers | 1 Bedroom, 1 Bathroom | 1BR,1BA | $714 |
| McCausland Ridge | 1BR/1.0BA | 1BR,1BA | $750 |
| Craigmont Manor | 1 Bedroom | 1BR,1BA | $815 |
| 500 Euclid Avenue | 500 | 1BR,1BA | $825 |
| Elora Gardens Lynchburg | 1 Bedroom | 1BR,1BA | $854 |
| Bramblewood Apartments | 3BR/1.0BA | 3BR,1BA | $880 |
| Rivermont Park | 1 Bedroom, 1 Bath | 1BR,1BA | $884 |
| 1701 12th Street | 1701 12th Street - 405 | 1BR,1BA | $925 |
| Ivy Creek Apartments | 3BR/1.5BA | 3BR,1BA | $949 |
Best Value Apartments for Rent in Lexington, VA and Nearby
As of August 23, 2026 the best value apartment in the Lexington area is the $0.96 price per square foot Breezewood Model at Holly Run Apartments in the in the Wyndhurst neighborhood starting from $1,200. The second greatest value Lexington apartment is the 3BR/1.5BA Model at Ivy Creek Apartments starting at $949 with a $0.79 price per square foot in the Sandusky 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. |
|---|---|---|---|
| Holly Run Apartments | Breezewood | 2BR,1.5BA | $0.96 |
| Ivy Creek Apartments | 3BR/1.5BA | 3BR,1.5BA | $0.79 |
| Park Place Apartments | 3BR/Den | 3BR,2BA | $1.12 |
| Huntingwood Apartments | 3 bd on Lake w w/d | 3BR,2BA | $1.04 |
| County Green Apartment Homes | 2 Beds, 1.5 baths | 2BR,1.5BA | $0.94 |
| Forestbrook Apartments | 2 Bed/ 2 Bath | 2BR,2BA | $1.00 |
| Miller's Rest Apartments | Pritchell | 2BR,2BA | $1.12 |
| Bramblewood Apartments | 2BR/1.0BA | 2BR,1BA | $1.12 |
| Hillcrest Manor Apartments | 2br | 2BR,1BA | $1.10 |
| McCausland Ridge | 1BR/1.0BA | 1BR,1BA | $1.07 |
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, VA
Harrington Waddell Elementary School
Rockbridge County High School
Lylburn Downing Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lexington, VA Rentals by Map
See the most popular apartments and homes in Lexington, VA
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 $700 at Hillcrest Manor Apartments.
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 $795 at Hillcrest Manor 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 $880.
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.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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.