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 November 2026, the average rent in Lexington, MN is $1,543 per month, which is 20% lower than the national average rent of $1,932 per month.
AVERAGE RENT
$1,543
-7.0%-$116 decrease month-over-month
14.3%$193 increase year-over-year
AVAILABLE RENTALS
7
APARTMENTS
HOUSES
TOWNHOUSES
As of November 2026, apartments are the most affordable rental option in Lexington, MN at $1,410 per month, while townhomes are the most expensive at $1,500 per month. Houses average $1,475 per month, offering a mid-range alternative for renters.
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,404 |
| 2 Bedrooms | $1,475 |
| 3 Bedrooms | $2,387 |
| 4 Bedrooms | — |
| All | $1,543 |
As of November 2026, the average rent for a 1 bedroom rental in Lexington, MN is $1,404 per month, followed by $1,475 for a 2 bedroom rental, and $2,387 for a 3 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $1,500 |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $1,500 |
As of November 2026, the average rent for a 2 bedroom townhome in Lexington, MN is $1,500 per month.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $2,400 |
| 4 Bedrooms | — |
| All | $1,200 |
As of November 2026, the average rent for a 2 bedroom apartment in Lexington, MN is $1,200 per month, followed by $2,400 for a 3 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $1,475 |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $1,475 |
As of November 2026, the average rent for a 2 bedroom house in Lexington, MN is $1,475 per month.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has increased by +11% compared to the previous year, which is a +$150 increase.
This year (2026)
Last year (2025)
Rent distribution
50% of rentals have rent of $800-$1,499/month
Rental price range
The price range for rentals is $1,200 to $2,000.
