Apartments for Rent in Lexington, MN

Prices and availability in Lexington, MN were last updated on 2 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 $1,240 and $1,545.

The price range for a 1-bedroom apartment in Lexington, MN is between $1,420 and $1,975.

The price range for a 2-bedroom apartment in Lexington, MN is between $1,350 and $2,465.

The price range for a 3-bedroom apartment in Lexington, MN is between $1,350 and $2,575.

In Lexington 45% of the housing is rented out compared to 55% of homes are owned, according to the most recent Census Bureau estimates. 41% of Lexington's apartments are found in large buildings of 50 units or more, 43% are located in smaller apartment complexes with less than 50 units, and 11% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Lexington are about 18 years old, on average. Of these, 87% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 4 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

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.