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Rental Market Trends in Lexington, NE

What is the average rent in Lexington, NE?

$1,121/month

Average Rent

707 Sq Ft

Average Apartment Size

-2.2%

Decrease in the Last Year

As of November 2025, the average rent in Lexington, NE is $1,121 per month. This is 31% lower than the national average rent of $1,630/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 $856 per month for a studio, $1,121 for a one-bedroom apartment, and around $1,213 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,445 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$856/month
300 Sq Ft
One Bedroom
$1,121/month
707 Sq Ft
Two Bedroom
$1,213/month
806 Sq Ft
Three Bedroom
$1,445/month
837 Sq Ft
Floor Plan Type
Average Rent
Average 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, NE?

In the past year, rent has decreased by 2.2%, which averages out to $24 less per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated November 2025
Legend
2024 2025
Market Trends Over Time

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

Because the average rent in Lexington is $1,121, you’ll want to make about $3,736 per month or $44,832 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.

City

Lexington, NE

31 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Lexington, NE 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.

Apartment Averages

Apartment communities in Lexington we think you'll love

Cross Creek Apartments

Cross Creek Apartments

300 Cutler Dr,
Lexington, NE 68850

$1,225 - $1,650

1-3 Beds

Prairie Heights Apartments

Prairie Heights Apartments

605 W Cedar St,
Lexington, NE 68850

$974 - $1,699

1-2 Beds

The Cooper Apartment Homes

The Cooper Apartment Homes

714 W 10th St,
Cozad, NE 69130

$799 - $899

1-2 Beds

Westside

Westside

2101 Avenue O,
Cozad, NE 69130

$615 - $925

1-3 Beds

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United States Nebraska 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 November 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity