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Rental Market Trends in Lexington, SC

Updated July 2026

The average rent in Lexington, SC is $1,344/month.

Rent in Lexington is 19% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.

$1,344/month

Average Rent

803 Sq Ft

Average Size

+1.3%

Change / Year

221

Available Apartments

Lexington rent varies by unit size and layout:

  • Studio apartments in Lexington average per month.
  • One-bedroom apartments in Lexington average $1,344 per month.
  • Two-bedroom apartments in Lexington average $1,513 per month.
  • Three-bedroom apartments in Lexington average $1,738 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$1,344/month
803 Sq Ft
Two Bedroom
$1,513/month
1,051 Sq Ft
Three Bedroom
$1,738/month
1,314 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$1,567/month
1,111 Sq Ft
Three Bedroom
$2,059/month
1,586 Sq Ft
Four Bedroom
$2,291/month
2,240 Sq Ft
View Lexington Apartments

How much has average rent changed in Lexington, SC?

In the past year, rent has increased by 1.3%, which averages out to $18 more per month.

Market Trends Over Time

July 2026

2025 2026
Market Trends Over Time

Rent Ranges in Lexington, SC

July 2026
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Lexington, SC
Percentage*
Rent Range
8% Below $700/month
17% $700 - $1,000/month
33% $1,001 - $1,500/month
42% $1,501 - $2,000/month
0% Above $2,000/month

Rent by Neighborhood

  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Lexington?

Based on current rent prices, Oak Grove and Lake Murray" are the most affordable neighborhoods in Lexington.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Oak Grove
$1,245/month
765 Sq Ft
Lake Murray
$1,511/month
831 Sq Ft

What are the most expensive neighborhoods in Lexington?

Based on current rent prices, Lake Murray and Oak Grove" are the most expensive neighborhoods in Lexington.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Lake Murray
$1,511/month
831 Sq Ft
Oak Grove
$1,245/month
765 Sq Ft

Which Lexington neighborhoods have the most rentals available?

The neighborhoods in Lexington with the most apartments available are Lake Murray and Oak Grove" .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Lake Murray
$1,511/month
831 Sq Ft
Oak Grove
$1,245/month
765 Sq Ft
This information is based on data collected by CoStar Group researchers.†

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

Because the average rent in Lexington is $1,344, you’ll want to make about $4,480 per month or $53,760 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, SC

221 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Lexington, SC 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.

View the Lexington Area Guide

Apartment Averages

Oak Grove

Lexington, SC

Lake Murray

Lexington, SC

Studio
-
-
One Bedroom
-
$1,344/month
Two Bedroom
-
$1,513/month
Three Bedroom
-
$1,738/month
View Rentals
View Rentals

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • West Columbia

    West Columbia

  • Irmo

    Irmo

  • Cayce

    Cayce

Apartment Communities in Lexington We Think You'll Love

Lullwater at Saluda Pointe

Lullwater at Saluda Pointe

101 Saluda Pointe Dr,
Lexington, SC 29072

1-3 Beds | $1,364 - $2,010

River Bluff of Lexington

River Bluff of Lexington

300 Palmetto Park Blvd,
Lexington, SC 29072

1-3 Beds | $1,558 - $1,955

Lauren Ridge Apartment Homes

Lauren Ridge Apartment Homes

500 Carlen Ave,
Lexington, SC 29072

1-3 Beds | $1,635 - $2,420

Lexington Place Apartments

Lexington Place Apartments

901 Rob Roy Ct,
West Columbia, SC 29169

1-3 Beds | $1,220 - $1,495

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Frequently Asked Questions

What is the average rent in Lexington?

The average rent in Lexington is $1,344 per month, which is 19.2% lower than the national average of $1,663.

What is the average rent for a house in Lexington?

The average rent for a house in Lexington, SC is $2,059 per month.

Are rents going up or down in Lexington?

Rents in Lexington, SC are increasing, with prices up 1.3% year-over-year and $18 more per month.

What rent range is most common in Lexington?

In Lexington, SC, 42% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.

United States South 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 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.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity