Apartments for Rent in Lexington, MN

Prices and availability in Lexington, MN were last updated on 24 Oct 2026.

The best apartments in Lexington, MN are: Lexington Lofts Apartment Community, Landings of Lexington and 9116 Lexington Avenue North.

The average rent in Lexington, MN is $1,609.

The price range for a studio apartment in Lexington, MN is between $1,315 and $1,575.

The price range for a 1-bedroom apartment in Lexington, MN is between $1,403 and $1,795.

The price range for a 2-bedroom apartment in Lexington, MN is between $1,350 and $2,250.

The price range for a 3-bedroom apartment in Lexington, MN is between $1,350 and $2,720.

In Lexington, 45% of the residents are renting compared to 55% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 41% of Lexington's rentals, 43% are small-scale complexes with under 50 units, and 11% are single-family rentals.

The average age of rental buildings in Lexington is 18 years old, with 87% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 4 stories, of which all are garden-style apartment communities, none are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Studio apartments in Lexington are around 2% of rentals, while 1-bedroom floor plans represent 28% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 35% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.