Lexington City, NC Rental Market Trends
Highlights
The average rent for an apartment in Lexington City is $762, a 14% increase compared to the previous year, when the average rent was $667.
Average Rent in Lexington City, NC
Last updated Jul 2019
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $762 | 14% | 928 sq. ft. |
The average size for a Lexington City, NC apartment is 928 square feet, but this number varies greatly depending on apartment type. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Lexington City, NC Apartment Rent Ranges
- $501-$70034%
- $701-$1,00058%
- $1,001-$1,5008%
Lexington City, NC Rent Trends
| Average Rent | Jan / 2016 | May / 2016 | Sept / 2016 | Jan / 2017 | May / 2017 | Sept / 2017 | Jan / 2018 | May / 2018 | Sept / 2018 | Jul / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Lexington City, NC | $618 | $655 | $654 | $654 | $659 | $669 | $667 | $667 | $705 | $762 |
| National | $1,313 | $1,342 | $1,344 | $1,348 | $1,377 | $1,378 | $1,386 | $1,420 | $1,425 | $1,432 |
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How Does Lexington City Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Lexington | $762 | 14% |
| Lexington City | $762 | 14% |
| Midway | $737 | 3% |
| Southmont | $664 | -1% |
| Thomasville | $704 | 14% |
| Tyro | $790 | 19% |
| Wallburg | $622 | 2% |
| Welcome | $790 | 19% |
For more information about the Lexington City rental trends, check out our monthly rent report
Cheapest Listings on RENTCafé
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Lexington City apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.