Rentometer, Inc. | Data as of 10/23/2025
Lexington, Minnesota offers a vibrant rental market that balances small‑town charm with easy access to the Twin Cities. Nestled just west of St. Paul, the city is known for its well‑preserved historic downtown, family‑friendly neighborhoods, and abundant green spaces such as the popular Lexington City Park and the scenic Hayes Lake. Residents enjoy a blend of cultural attractions, seasonal festivals, and convenient commuting options, making Lexington an appealing choice for professionals, students, and growing families alike.
The local housing inventory includes a mix of modern apartments and classic single‑family homes, providing flexibility for a range of lifestyle needs. Apartment options span from efficient studios to spacious three‑bedrooms, with studio units typically falling in the $1,200 range, one‑bedrooms hovering around $1,400, two‑bedrooms near $1,800, and three‑bedrooms approaching the $2,300 level. This variety ensures that renters can find a space that aligns with their budget and space requirements, whether they seek contemporary amenities or a quieter neighborhood setting.
Key Lexington neighborhoods such as the River River District and the historic Eastside area add distinct character to the rental landscape, each offering easy access to local schools, shopping corridors, and recreational trails. With a welcoming community atmosphere and a steady supply of quality rental properties, Lexington MN rentals continue to attract tenants looking for both affordability and a high quality of life.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,173 | $1,202 | $790 - $1,500 | $1,190 - $1,500 |
| Apartment | 1 Bedroom | $1,478 | $1,440 | $1,400 - $1,610 | $1,405 - $1,535 |
| Apartment | 2 Bedroom | $1,851 | $1,767 | $1,500 - $2,590 | $1,699 - $2,060 |
| Apartment | 3 Bedroom | $2,267 | $2,178 | $1,962 - $2,750 | $1,962 - $2,750 |
In the current period, the average rent in Lexington was
$1,174 for Studio,
$1,478 for 1 Bedroom,
$1,843 for 2 Bedroom, and
$2,267 for 3 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.