Median Age
27 Years
Largest Age Group
20-29 Years
Approximately 35% of Residents
Under 20
22%
Over 65
17%
Area Guide
Avg Rent
$1,127
Population
7,700
Renter Mix
48% Rent
Lexington, Virginia has been home to two of the country's most storied educational institutions, Washington and Lee University and the Virginia Military Institute (VMI), since the 1800s, giving this small Shenandoah Valley city a rich historical character that renters appreciate every day. Sitting just north of Roanoke and surrounded by the Blue Ridge Mountains, Lexington covers only about three square miles, so everything feels close and walkable. If you're searching for apartments for rent in Lexington, you'll find a tight-knit community where historic landmarks, open green spaces, and a lively downtown all come together in one compact setting.
Renters in Lexington can choose from a mix of housing options, including apartments in converted historic buildings, garden-style apartment communities, townhomes, and standalone rental houses spread across quiet residential streets. The downtown area offers easy access to boutique shops, art galleries, and farm-to-table restaurants housed in well-preserved 19th-century storefronts. The Woods Creek Trail and Boxerwood Nature Center are popular spots for walking and connecting with the outdoors, while the Virginia Horse Center hosts equestrian events and public activities throughout the year. Rockbridge Square Shopping Center and the Lexington Buena Vista Shopping Park keep everyday errands convenient. The city's calendar also fills with events tied to both universities, from sporting events and performing arts performances to public lectures and seasonal festivals that draw the wider community together.
Commuting from Lexington is straightforward thanks to access to Interstates 64 and 81, two major corridors that connect residents to Staunton to the north and Roanoke to the south. The nearest Amtrak stations are located in Clifton Forge (about 42 minutes away) and Staunton (about 46 minutes away), offering regional rail connections. The primary employers in the area include Washington and Lee University, VMI, Rockbridge County government, and healthcare providers serving the region. Lynchburg Regional Airport is within approximately 68 miles, serving those who travel frequently. Whether you're drawn by the academic atmosphere, the outdoor recreation, or the slower pace of a small historic city, Lexington offers a rewarding place to rent and settle in.
Median Household Income
$70,464
Average: $76,273
Education
3,008
Residents Have a Degree
Job Market
2,685
Workers Employed
Median Age
27 Years
Largest Age Group
20-29 Years
Approximately 35% of Residents
Under 20
22%
Over 65
17%
Housing Distribution
Lexington has more homeowners than renters.
Education Distribution
Review this city's overall education levels.
As of May 2026, the average apartment rent in Lexington, VA is $1,127 for one bedroom, $1,192 for two bedrooms, and $1,151 for three bedrooms. Apartment rent in Lexington has increased by 3.0% in the past year.
The cost of living in Lexington, VA is 5.2% lower than the national average. Generally, housing in Lexington is 23.2% less expensive than the national average, with rent falling between $0 - $1,192. You can expect to pay 1.4% more for groceries, 4.6% more for utilities, and 14.4% more for transportation.
Compare Cities
Explore how walkable, bikeable, drivable, and transit-friendly Lexington, VA is for everyday living.
Fairly Walkable
Walkability
Limited Public Transit
Transit
Very Drivable
Drivability
Somewhat Bikeable
Bikeability
Public
Grades K-5
324 Students
Harrington Waddell Elementary School
Public
Grades K-5
324 Students
Public
Grades PK-5
452 Students
Public
Grades PK-5
452 Students
Public
Grades 6-8
161 Students
Public
Grades 6-8
161 Students
Public
Grades 6-8
502 Students
Public
Grades 6-8
502 Students
Public
Grades 9-12
994 Students
Public
Grades 9-12
994 Students
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.