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Rental Market Trends in Lexington, NC

What is the average rent in Lexington, NC?

$1,088/month

Average Rent

694 Sq Ft

Average Apartment Size

+1.5%

Increase in the Last Year

As of April 2026, the average rent in Lexington, NC is $1,088 per month. This is 34% lower than the national average rent of $1,641/month, making renting in Lexington more affordable than most cities in the US. When you rent an apartment in Lexington, you can expect to pay about per month for a studio, $1,088 for a one-bedroom apartment, and around $1,186 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,619 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,088/month
694 Sq Ft
Two Bedroom
$1,186/month
936 Sq Ft
Three Bedroom
$1,619/month
1,234 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,062/month
324 Sq Ft
Three Bedroom
$2,036/month
1,513 Sq Ft
Four Bedroom
$2,340/month
2,105 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Lexington, NC?

In the past year, rent has increased by 1.5%, which averages out to $16 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated April 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Lexington, NC
Last Updated April 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Lexington, NC
Percentage*
Rent Range
8% Below $700/month
31% $700 - $1,000/month
54% $1,001 - $1,500/month
8% $1,501 - $2,000/month
0% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Lexington?

Based on current rent prices, Davidson is the most affordable neighborhood in Lexington.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Davidson
$1,073/month
752 Sq Ft

What are the most expensive neighborhoods in Lexington?

Based on current rent prices, Davidson is the most expensive neighborhood in Lexington.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Davidson
$1,073/month
752 Sq Ft

Which Lexington neighborhoods have the most rentals available?

The neighborhood in Lexington with the most apartments available is Davidson .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Davidson
$1,073/month
752 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Lexington, NC?

Because the average rent in Lexington is $1,088, you’ll want to make about $3,626 per month or $43,512 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.

Cost of Living

The cost of living in Lexington, NC is 14.0% lower than the national average. Generally, housing in Lexington is 37.5% less expensive than the national average, with rent falling between $0 - $1,619. You can expect to pay 4.8% less for groceries, 4.4% less for utilities, and 21.8% less for transportation.

City

Lexington, NC

106 Available Apartments for Rent

Search for Nearby Apartments

How does Lexington, NC compare to other nearby cities and neighborhoods?

Use the tool below to compare Lexington, NC 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.

Explore the Area Guide for Lexington, NC

Apartment Averages

Davidson

Lexington, NC

Davidson

Lexington, NC

Studio
-
-
One Bedroom
$1,024/month
$1,024/month
Two Bedroom
$1,146/month
$1,146/month
Three Bedroom
$1,411/month
$1,411/month
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Nearby City Rent Trends

  • Thomasville Average Rent

Apartment communities in Lexington we think you'll love

Lexington Park Apartments

Lexington Park Apartments

154 Hill Everhart Rd,
Lexington, NC 27295

$920 - $1,125 Total Monthly Price

1-2 Beds | 12 Month Lease

Fairview Village

Fairview Village

812 Fairview Dr,
Lexington, NC 27292

$975 - $1,450

1-3 Beds

Reserve at Regents Center

Reserve at Regents Center

100 Regents Center Ct,
Lexington, NC 27295

$1,155 - $1,885

1-3 Beds

North Point and Hallmark Apartments

North Point and Hallmark Apartments

110 Biesecker Rd,
Lexington, NC 27295

$925 - $1,050

2 Beds

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United States North Carolina Lexington Rental Trends

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.

* Percentages may not total 100 due to rounding.

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© 2026 CoStar Group, Inc. Equal Housing Opportunity

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© 2026 CoStar Group, Inc.

Equal Housing Opportunity