Lexington, SC Rental Market Trends
Highlights
The average rent for an apartment in Lexington is $1,138, a 7% increase compared to the previous year, when the average rent was $1,068.
Average Rent in Lexington, SC
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,138 | 7% | 1,048 sq. ft. |
The average size for a Lexington, SC apartment is 1,048 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. 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, SC Apartment Rent Ranges
- $701-$1,00029%
- $1,001-$1,50065%
- $1,501-$2,0006%
Lexington, SC Occupied Housing Units
- Renter-occupied Households35%
- Owner-occupied Households64%
2,840 or 35% of the households in Lexington, SC are renter-occupied while 5,155 or 64% are owner-occupied.
Lexington, SC Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Lexington, SC | $988 | $1,044 | $1,027 | $1,002 | $1,002 | $1,086 | $1,068 | $1,101 | $1,126 | $1,138 |
| National | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
How Lexington Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Columbia | $1,090 | 4% |
| Charleston | $1,372 | 5% |
| Greenville | $1,136 | 4% |
| Beaufort | $1,175 | 2% |
| Summerville | $1,142 | 5% |
| Lexington | $1,138 | 7% |
| St. Andrews | $838 | 3% |
| West Columbia | $930 | 3% |
| Seven Oaks | $838 | 3% |
| Cayce | $1,306 | 3% |
| Dentsville | $935 | 4% |
For more information about the Lexington rental trends, check out our monthly rent report
Check out South Carolina Cities, South Carolina Neighborhoods and South Carolina Zip Codes for more details on verified listings, including the South Carolina Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!