
Cheap Apartments for Rent in Lexington, VA from $600 (50 Rentals)
Search the lowest-cost Apartments available for rent right now in Lexington.


Huntridge I and II

Maury River Place

531 Maury St

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Miller's Rest Apartments

Hillcrest Manor Apartments

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The Timbers

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S. Amherst Apartments 2

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McCausland Ridge

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Dumont 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.

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Schoolhouse Apartments

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Bramblewood Apartments

Craigmont Manor

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Rivermont Park

Walden Pond Apartment Homes

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Princeton Circle West Apartments

Huntingwood Apartments

Church Street Townhomes

Midtown on 12th

Garland Rodes 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.

500 Euclid Avenue

County Green Apartment Homes

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Ivy Creek Apartments

12th & Court Lofts

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Imperial Tobacco Lofts

7 Hills Townhomes

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Peakland Apartments

Mill's Crossing

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Forestbrook Apartments

Boonsboro Village Apartments
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.

River Retreat

Montague Terrace

The Windsor

Piedmont Flour Mill Lofts

69 Lloyd Tolley Rd

Midpoint Apartments

Lakeside Plaza Apartments

Midtown Lofts

1112 Bedford Ave

103 Willow St
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.

1205 Hawthorne Ave

Virginia Laundry Lofts

723 Jefferson Street

42 Countryplace Ln

156 Cedar Crest Dr

Elora Gardens Lynchburg

89 Countryplace Ln

River Lofts West

Factory 88

1337 Cedar Ave
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.
Lexington, VA Local Guide

How much does it cost to rent an apartment in Lexington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Lexington Studio Apartments | $907 | $889 | $995 |
| Cheap Lexington 1 Bedroom Apartments | $1,165 | $684 | $2,226 |
| Cheap Lexington 2 Bedroom Apartments | $1,258 | $765 | $2,293 |
| Cheap Lexington 3 Bedroom Apartments | $1,523 | $900 | $2,383 |
| Cheap Lexington 4 Bedroom Apartments | $2,000 | $1,750 | $2,250 |
Browse Top Apartments in Lexington
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Lexington, VA Local Guide
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Cheapest Available Lexington Apartments for Rent
 The cheapest available apartment rental in Lexington, VA is a 1 Bed unit found at Miller's Rest Apartments in the Wyndhurst neighborhood priced from $684. Dumont Apartments in the Tate Springs neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here is today’s list of the most affordable Lexington apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Miller's Rest Apartments | Rhine | 1BR,1BA | $684 |
| Dumont Apartments | 1BR/1.0BA | 1BR,1BA | $695 |
| Hillcrest Manor Apartments | 1br | 1BR,1BA | $700 |
| The Timbers | 1 Bedroom, 1 Bathroom | 1BR,1BA | $714 |
| McCausland Ridge | 2BR/1.0BA | 2BR,1BA | $795 |
| Bramblewood Apartments | 2BR/1.0BA | 2BR,1BA | $800 |
| Schoolhouse Apartments | 1 bed | 1BR,1BA | $800 |
| Craigmont Manor | 1 Bedroom | 1BR,1BA | $815 |
| Rivermont Park | Studio | Studio,1BA | $859 |
| Walden Pond Apartment Homes | 1 Bedroom | 1BR,1BA | $871 |
Best Value Apartments for Rent in Lexington, VA
As of May 25, 2026 the best value apartment in the Lexington area is the $0.79 price per square foot 3BR/1.5BA Model at Ivy Creek Apartments in the in the Sandusky neighborhood starting from $949. The second greatest value Lexington apartment is the 3 Bed/ 2 Bath with Den Model at Forestbrook Apartments starting at $1,180 with a $1.02 price per square foot in the Wyndhurst 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. |
|---|---|---|---|
| Ivy Creek Apartments | 3BR/1.5BA | 3BR,1.5BA | $0.79 |
| Forestbrook Apartments | 3 Bed/ 2 Bath with Den | 3BR,2BA | $1.02 |
| Montague Terrace | 2 BDRM/2 Bath | 2BR,2BA | $1.08 |
| Miller's Rest Apartments | Pritchell | 2BR,2BA | $0.85 |
| Bramblewood Apartments | 3BR/1.0BA | 3BR,1BA | $0.89 |
| Schoolhouse Apartments | 1 bed | 1BR,1BA | $0.90 |
| McCausland Ridge | 2BR/1.0BA | 2BR,1BA | $0.94 |
| Midtown on 12th | Studio | Studio ,1BA | $1.07 |
| Dumont Apartments | 1BR/1.0BA | 1BR,1BA | $0.87 |
| Hillcrest Manor Apartments | 1br | 1BR,1BA | $1.08 |
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 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
What is the Cheapest Studio apartment in Lexington?
Currently the most affordable Cheap Studio Apartment in Lexington is at Rivermont Park listed at $859.
How much is rent for a Cheap One Bedroom Lexington Apartment?
The lowest price for a Cheap One Bedroom Lexington Apartment is $684 at Miller's Rest 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 $765 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 $900.
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

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.

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.

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.

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.