
Cheap Homes for Rent in Lexington Neighborhood of Olympia, WA from $1,700 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Lexington area of Olympia.


1605 16th Ct SE

1207 E St SE

4501 15th Ave SE
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.

1235 Hall St SE

4502 15th Ave SE

7042 20th Ave SE

1474 Diamond Rd SE
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.

1540 Diamond Rd SE
Lexington, Olympia, WA Local Guide

How much does it cost to rent a home in Lexington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lexington 2 Bedroom Homes for Rent | $1,958 | $1,750 | $2,395 |
| Lexington 3 Bedroom Homes for Rent | $2,369 | $1,900 | $2,795 |
| Lexington 4 Bedroom Homes for Rent | $2,972 | $2,945 | $2,999 |
| Lexington 5 Bedroom Homes for Rent | $3,182 | $3,000 | $3,365 |
Browse Homes for Rent in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Lexington Neighborhood of Olympia, WA.
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Lexington, Olympia, WA Local Guide
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Cheapest Available Lexington Apartments for Rent
 The cheapest available apartment rental in the Lexington area of Olympia, WA is a 1 Bed unit found at Capitol Club Apartments priced from $1,300. The Hub has the second lowest priced unit, which is a Studio apartment currently listed from $1,399. Here are the most affordable Lexington apartments for rent in Olympia, WA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Capitol Club Apartments | One Bedroom | 1BR,1BA | $1,300 |
| The Hub | Studio A.7 | Studio,1BA | $1,399 |
| Abbey Lane | 2 Bed 1 Bath | 2BR,1BA | $1,450 |
Best Value Apartments for Rent in Lexington, WA
As of November 08, 2025 the best value apartment in the Lexington area is the $2.07 price per square foot two bedroom Model at Pacific Place Apartments in the in the Lexington neighborhood starting from $2,300. The second greatest value Lexington apartment is the 2B 2B small Model at Regency Apartments starting at $2,005 with a $1.82 price per square foot in the Lexington 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. |
|---|---|---|---|
| Pacific Place Apartments | two bedroom | 2BR,2BA | $2.07 |
| Regency Apartments | 2B 2B small | 2BR,2BA | $1.82 |
| Lansdale Pointe Apartments | The Ridgewood | 3BR,2BA | $1.71 |
| Serenity Apartments | 2 Bed 2 Bath (B) | 2BR,2BA | $2.00 |
| Emerald Pointe Apartments | Two Bedroom One Bath | 2BR,1BA | $1.86 |
| Trailside | 340 2X1 T | 2BR,1BA | $1.97 |
| Northwood | 2 Bed 1 Bath | 2BR,1BA | $1.74 |
| The Dakota | 1 Bed 1 Baths | 1BR,1BA | $2.09 |
| Merritt Manor | Two Bedroom, One Bath - 2x1 | 2BR,1BA | $1.98 |
| Abbey Lane | 1 Bed 1 Bath | 1BR,1BA | $2.07 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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.
Pet Friendly LifestyleLexington, Olympia, WA
Ranked #23
Among cities in Washington for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Lexington, Olympia, WA
North Thurston High School
School data provided by Great Schools
Frequently Asked Questions about Lexington
What type of rentals are currently available in Lexington?
There are currently 86 Apartments for Rent in Lexington, WA with pricing that ranges from $1,200 to $3,600. There are also 20 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lexington ranging from $1,750 to $3,365.
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 $1,750 to $3,365 with an average monthly rent of $2,485.
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 $1,700 to $3,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,900 to $2,795. Four Bedroom Single-Family rentals are also available starting from $2,945 and Four Bedroom Apartments start at $1,914.
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

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.