Landlord Resources
How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
•11 min read
What to Know About
Life in Lexington & Beyond
Lexington shares many of the great qualities that make South Carolina a desirable place to live.
South Carolina, known as the "Palmetto State," is a true gem of the south with its beautiful beaches, historic landmarks, and a strong sense of hospitality. From the state's historical museums like the South Carolina State Museum and the Charleston Museum to the Aiken-Rhett House Museum, showcasing the state's role in the Civil War and antebellum history, South Carolina's rich history and culture are always within reach. For those seeking higher education, South Carolina is home to top-ranked universities like the University of South Carolina and Clemson University, offering excellent opportunities to further your academic journey.
No matter your interests, South Carolina has plenty to offer. Enjoy the scenic views of the Atlantic coast, hike the Blue Ridge Mountains, or attend exciting college sports games at one of the state's universities. Discover famous attractions like the Patriot's Point Naval & Maritime Museum, the USS Yorktown, and the historic city of Beaufort, where you can learn about the state's storied past.
With its year-round mild weather and vibrant culture, South Carolina is a state that provides endless opportunities to experience the southern way of life.
Rental Market Trends
Lexington, SC
As of June 2026, Lexington's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Lexington's average rent is 24.5% ($385) higher than the South Carolina average of $1,572 and 8.9% ($160) higher than the U.S. average of $1,797.
Average Rent
$1,957
Monthly ChangeMonth Over Month Change
9.6% ($171)
Yearly ChangeYear Over Year Change
21.8% ($350)
Avg. Days on MarketAverage Days on Market
30
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,364 | 3.3% ($44) | 21.5% ($241) |
| 2 Beds | $1,502 | 2.2% ($33) | 18.6% ($236) |
| 3 Beds | $1,967 | 2.8% ($54) | 21.3% ($345) |
| Nearby Cities | Average Rent | Avg. Rent vs. LexingtonAverage Rent vs. Lexington | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Gilbert | $1,801 | 8% ($156) | 29 days |
| West Columbia | $1,064 | 45.6% ($893) | 28 days |
| Cayce | $1,653 | 15.5% ($304) | 31 days |
| Irmo | $1,596 | 18.4% ($361) | 34 days |
| Chapin | $2,029 | 3.7% ($72) | 30 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Lexington Rental Market FAQs
Explore rental prices, market trends, and availability in Lexington, SC.
The average rent in Lexington, SC is $1,957 per month.
Homes in Lexington typically rent for between $955 and $2,557 per month, with an average of $1,957 per month.
In Lexington, the average rent for a 1-bedroom home is $1,364 per month, for a 2-bedroom home, $1,502 per month, and a 3-bedroom home is $1,967 per month.
The average rent in Lexington is 8.9% ($160) higher than the national average of $1,797 per month.
The average rent in Lexington has increased by 9.6% ($171) in the last month and increased by 21.8% ($350) over the past year.
The rental market in Lexington, SC, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Lexington, SC, the average rental stays on the market for approximately 30 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 37 rental properties available in Lexington, SC.
Based on the current averages, a household would need an annual income of $60,080 to comfortably afford a 2-bedroom home in Lexington.
