Landings of Lexington
9400 Lexington Ave,
Lexington, MN 55014
1-2 Beds | $1,405 - $1,691
Rental Market Trends in Lexington, MN
Updated August 2026
The average rent in Lexington, MN is $1,563/month.
Rent in Lexington is roughly equal to the national average rent of of $1,663/month.
$1,563/month
Average Rent
680 Sq Ft
Average Size
+6.9%
Change / Year
75
Available Apartments
Lexington rent varies by unit size and layout:
- Studio apartments in Lexington average $1,050 per month.
- One-bedroom apartments in Lexington average $1,563 per month.
- Two-bedroom apartments in Lexington average $1,829 per month.
- Three-bedroom apartments in Lexington average $2,399 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Lexington, MN?
In the past year, rent has increased by 6.9%, which averages out to $109 more per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Lexington, MN
August 2026
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
50%
$700 - $1,000/month
0%
$1,001 - $1,500/month
50%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Lexington, MN?
Because the average rent in Lexington is $1,563, you’ll want to make about $5,210 per month or $62,520 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Lexington, MN compare to other nearby cities and neighborhoods?
Use the tool below to compare Lexington, MN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Circle Pines
Avg Rent: $1,439/month
-
Blaine
Avg Rent: $1,503/month
-
Mounds View
Avg Rent: $1,305/month
-
Spring Lake Park
Avg Rent: $1,126/month
-
Shoreview
Avg Rent: $1,574/month
-
Arden Hills
Avg Rent: $1,638/month
-
New Brighton
Avg Rent: $1,270/month
Apartment Communities in Lexington We Think You'll Love
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Frequently Asked Questions
What is the average rent in Lexington?
The average rent in Lexington is $1,563 per month, which is 6.0% lower than the national average of $1,663.
Are rents going up or down in Lexington?
Rents in Lexington, MN are increasing, with prices up 6.9% year-over-year and $109 more per month.
What rent range is most common in Lexington?
In Lexington, MN, 50% of apartments fall between $700 - $1,000/month, though prices may vary depending on location and other factors.
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 June 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.
* Percentages may not total 100 due to rounding.