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Lexington, VA

Area Guide

Avg Rent

$1,127

Population

7,700

Renter Mix

48% Rent

Savor the modern place where nature meets history

Picturesque Historic Riverside

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.

Demographics

Median Household Income

$70,464

Average: $76,273

Education

3,008

Residents Have a Degree

Job Market

2,685

Workers Employed

Age Distribution
Get a sense of this area's population profile.

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.

Renters
48%
Non-Renters
52%

Education Distribution

Review this city's overall education levels.

Bachelor's or Higher
34%
Other Education
66%

Rent Trends

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.

Property Type
Average Rent
Average Sq Ft
Apartment
$1,127/month
613 Sq Ft
House
$1,445/month
405 Sq Ft
See Rental Market Trends in Lexington, VA

Cost of Living

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.

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Getting Around

Fairly Walkable

Walkability

50 / 100

Limited Public Transit

Transit

30 / 100

Very Drivable

Drivability

80 / 100

Somewhat Bikeable

Bikeability

30 / 100

Schools

Harrington Waddell Elementary

Public

Grades K-5

324 Students

Harrington Waddell Elementary School

Public

Grades K-5

324 Students

Central Elementary School

Public

Grades PK-5

452 Students

Central Elementary

Public

Grades PK-5

452 Students

Lylburn Downing Middle

Public

Grades 6-8

161 Students

Lylburn Downing Middle School

Public

Grades 6-8

161 Students

Maury River Middle

Public

Grades 6-8

502 Students

Maury River Middle School

Public

Grades 6-8

502 Students

Rockbridge County High

Public

Grades 9-12

994 Students

Rockbridge County High School

Public

Grades 9-12

994 Students

Points of Interest

Top Apartments in Lexington

Houses for Rent in Lexington

Living in Lexington

History

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Lexington wears its military and academic heritage openly, anchored by two institutions that have shaped the town since the 1800s: Washington and Lee University and the Virginia Military Institute. The downtown historic district preserves much of the 19th-century architecture that gives the town its recognizable character, with red brick buildings housing shops, galleries, and restaurants today. You'll find the final resting places of Confederate General Robert E. Lee and his horse Traveller at the Lee Chapel on the Washington and Lee campus, along with Stonewall Jackson, who taught at VMI before the Civil War and is memorialized at the Stonewall Jackson House downtown.

Beyond the military legacy, Lexington functions as a living history classroom with museums like the George C. Marshall Museum honoring the Nobel Peace Prize-winning general and architect of post-WWII European recovery. The Virginia Horse Center keeps equestrian traditions alive with year-round shows and competitions, reflecting the region's deep agricultural roots. Walking through downtown means encountering structures that date back to when Lexington was first settled in 1778 and named after the Massachusetts town where the Revolutionary War began.

Restaurants

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Lexington's dining scene reflects its rich history and college-town character, with locally-owned establishments clustered along Main Street and throughout the historic downtown. Local favorites include comfort food, farm-to-table cafes, and artisan bakeries. Beyond Main Street, the area offers additional variety including brewpubs, upscale dining, and casual cafes. The dining landscape balances tradition with contemporary tastes, offering residents and visitors a genuine sense of place alongside quality food and hospitality.

Transportation

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Lexington offers a compact, walkable downtown where residents can access shops, restaurants, and local services on foot. The city's small-town layout makes it easy to navigate, with tree-lined streets connecting historic neighborhoods to Washington and Lee University and the Virginia Military Institute. While public transportation options are limited, the city's size means most errands and activities are just a short drive or bike ride away.

For regional travel, U.S. Route 11 and Interstate 81 provide the primary north-south corridors through the area, connecting Lexington to Roanoke about 50 miles south and Staunton roughly 35 miles north. Interstate 64 is accessible within 30 miles for east-west travel toward Charlottesville and Richmond. The closest commercial airport is Roanoke-Blacksburg Regional Airport, approximately an hour's drive south, offering connections to major hubs. Route 60 runs east-west through town, providing scenic access to the Blue Ridge Parkway and Shenandoah Valley destinations. The area's rural setting and mountain terrain make personal vehicles the most practical option for daily commuting and exploring the surrounding region.

Parks

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Lexington offers residents a welcoming blend of natural beauty and accessible outdoor recreation in the heart of Virginia's Shenandoah Valley. Woods Creek Park is a popular gathering spot with walking trails, picnic pavilions, playgrounds, and sports facilities including tennis and basketball courts. The park's open green spaces accommodate community events throughout the year, from farmers markets to seasonal festivals. Jordan's Point Park provides additional recreation options with river access along the Maury River, where residents enjoy fishing, kayaking, and scenic waterfront views. The Chessie Nature Trail, a converted railway corridor, offers a paved path perfect for walking, jogging, and cycling that connects Lexington to nearby Buena Vista.

The surrounding mountain landscape creates abundant opportunities for hiking and exploration, with trails in the nearby Blue Ridge Mountains accessible within a short drive. The Lexington Recreation Department organizes youth sports leagues, summer camps, and fitness programs that bring the community together.

Cost

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Lexington offers a cost of living that tends to be more affordable than many urban areas in Virginia, though prices reflect its character as a historic college town. The presence of Washington and Lee University and Virginia Military Institute influences the local rental market, with average apartment rents typically ranging from around $800 to $1,200 per month for one-bedroom units, depending on location and amenities. Two-bedroom apartments generally fall in the $1,000 to $1,500 range. These rates are generally comparable to or slightly below the state average, making Lexington an accessible option. While housing costs remain reasonable, residents benefit from the town's walkable downtown, cultural offerings, and proximity to outdoor recreation. Groceries and everyday expenses align closely with regional averages, contributing to a balanced budget for those who call this Shenandoah Valley community home.

Shopping

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Lexington's shopping scene centers around its historic downtown district, where locally owned boutiques and specialty shops line Main Street and Washington Street. The area features a mix of antique stores, gift shops, and clothing boutiques that cater to both residents and visitors exploring this charming college town. Artists in Cahoots showcases handmade crafts and artwork from regional artisans, while other Main Street establishments offer everything from home décor to Virginia-made products. Book lovers can browse the shelves at independent bookstores, and several shops feature Virginia Military Institute and Washington and Lee University merchandise for the community's strong collegiate connection.

The Lexington Farmers Market operates seasonally, bringing local vendors together to offer fresh produce, baked goods, honey, and artisan products from the Shenandoah Valley region. For everyday needs, residents head to nearby shopping centers along Route 11 and Route 60, where national chains and grocery stores provide convenient access to essentials. The combination of downtown's unique retail character and the practical shopping options in the surrounding area gives residents a well-rounded shopping experience that balances local charm with modern convenience.

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Methodology

† 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.