What's the average rent in Lexington, MN?
Rental Market Trends in Lexington, MN
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SOURCE: TRULIA DATA
Rental market highlights
As of May 2026, the average rent in Lexington, MN is $1,508 per month, which is 21% lower than the national average rent of $1,910 per month.
AVERAGE RENT
$1,508
9.7%$133 increase month-over-month
-13.8%-$242 decrease year-over-year
AVAILABLE RENTALS
7
APARTMENTS
HOUSES
TOWNHOUSES
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,560 |
| 2 Bedrooms | $1,375 |
| 3 Bedrooms | $1,900 |
| 4 Bedrooms | $2,295 |
| All | $1,425 |
As of May 2026, the average rent for a 1 bedroom rental in Lexington, MN is $1,560 per month, followed by $1,375 for a 2 bedroom rental, $1,900 for a 3 bedroom rental, and $2,295 for a 4 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $1,375 |
| 3 Bedrooms | $1,600 |
| 4 Bedrooms | — |
| All | $1,375 |
As of May 2026, the average rent for a 2 bedroom apartment in Lexington, MN is $1,375 per month, followed by $1,600 for a 3 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | — |
| 3 Bedrooms | — |
| 4 Bedrooms | $2,295 |
| All | $2,295 |
As of May 2026, the average rent for a 4 bedroom house in Lexington, MN is $2,295 per month.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has decreased by -8% compared to the previous year, which is a $120 decrease.
This year (2026)
Last year (2025)
Rent distribution
60% of rentals have rent of $1,500-$2,199/month
Rental price range
The price range for rentals is $1,260 to $1,900.
