Cheap Homes for Rent in Lexington, VA from $700 (18 Rentals)

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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 The Timbers in the Sandusky neighborhood priced from $659. Hillcrest Manor Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Lexington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Timbers1 Bedroom, 1 Bathroom1BR,1BA$659
Hillcrest Manor Apartments1br1BR,1BA$675
Rivermont ParkStudioStudio,1BA$749
Bramblewood Apartments2BR/1.0BA2BR,1BA$799
Elora Gardens Lynchburg2 Bedroom2BR,1BA$830

Best Value Apartments for Rent in Lexington, VA and Nearby

As of September 14, 2025 the best value apartment in the Lexington area is the $0.69 price per square foot 2BR/2.0BA Model at River Lofts West in the in the College Hill neighborhood starting from $1,240. The second greatest value Lexington apartment is the 3 Bed 2.5 Bath Model at The Modern starting at $2,000 with a $1.16 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 ListingModel NameBed/BathPrice Per Sq.Ft.
River Lofts West2BR/2.0BA2BR,2BA$0.69
The Modern3 Bed 2.5 Bath3BR,2.5BA$1.16
Walden Pond Apartment Homes3 Bedroom with Den3BR,2BA$1.13
The Gables of Spring CreekAshwood 3rd Floor3BR,2BA$1.14
Ivy Creek Apartments3BR/1.5BA3BR,1.5BA$0.79
River Retreat2 Bedroom River View2BR,2BA$1.06
Park Place Apartments3BR/2BA Renovated3BR,2BA$1.16
County Green Apartment Homes2 Beds, 1.5 baths2BR,1.5BA$0.90
Bramblewood Apartments2BR/1.0BA2BR,1BA$1.00
Hillcrest Manor Apartments2br2BR,1BA$1.06

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Pet Friendly Lifestyle
Lexington, VA

Ranked #109

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!

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Frequently Asked Questions about Lexington

What type of rentals are currently available in Lexington?

There are currently 59 Apartments for Rent in Lexington, VA with pricing that ranges from $675 to $2,399. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lexington ranging from $299 to $3,999.

What is the current price range for Rental Homes in Lexington?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lexington ranges from $299 to $3,999 with an average monthly rent of $1,606.

How much are larger Three and Four Bedroom Rentals in Lexington?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lexington range from $949 to $2,399, while Three Bedroom Homes, Condos, and Townhomes for rent range from $299 to $3,999. Four Bedroom Single-Family rentals are also available starting from $299 and Four Bedroom Apartments start at $1,750.

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.