Apartments for Rent in Lexington, MN

Prices and availability in Lexington, MN were last updated on 22 Aug 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 $1,360 and $1,745.

The price range for a 1-bedroom apartment in Lexington, MN is between $1,405 and $2,155.

The price range for a 2-bedroom apartment in Lexington, MN is between $1,691 and $2,795.

The price range for a 3-bedroom apartment in Lexington, MN is between $2,365 and $2,880.

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.

Rental apartments in Lexington come in a range of sizes and floorplans. Studio apartments represent 2% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 28% of the total apartments in the city, while 2-bedroom floorplans represent around 35% of all rentals in Lexington. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.