Lexington renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.
Rental Price Key
Luxury
High-end
Mid-tier
Most affordable
On average, the cost of rent in Lexington is about $1,098 per month. This puts it in the 79th percentile compared to the state average cost of rent, which is $1,235. Households in Lexington have a median income of $5,437 per month so the average renter in Lexington is spending roughly 20% of their earnings on housing.
Nationally, and in Lexington, home values are the data point most closely correlated with the cost of rent. The median price of a home in Lexington is $261,003 right now, which is lower than cities nearby, meaning that rents in Lexington also tend to be lower versus these nearby cities.
Higher rent prices are common in the northern parts of Lexington while lower rent rates are often available in western areas.
Nearby Cities
- Columbia Heights, MN: more expensive rent prices
- Hilltop, MN: less expensive rent prices
- Minneapolis, MN: more expensive rent prices
- Lauderdale, MN: less expensive rent prices
- Robbinsdale, MN: more expensive rent prices
- New Brighton, MN: more expensive rent prices
- Minneapolis, MN: more expensive rent prices
- Golden Valley, MN: more expensive rent prices
- Brooklyn Center, MN: more expensive rent prices
- Falcon Heights, MN: more expensive rent prices
Cities with Similar Populations
- Collins, NY: less expensive rent prices
- McGregor, MN: less expensive rent prices
- Anchorage, KY: more expensive rent prices
- Bloomingdale, MI: less expensive rent prices
- Dilkon, AZ: less expensive rent prices
- Fieldale, VA: less expensive rent prices
- Granville, WV: less expensive rent prices
- Hegins, PA: less expensive rent prices
- Winton, NC: less expensive rent prices
- Adolphus, KY: less expensive rent prices
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