Homes for Rent in Lexington, TN

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What to Know About

Life in Lexington & Beyond

Lexington shares many of the great qualities that make Tennessee a desirable place to live.

Tennessee is known for its dazzling natural beauty, rich history, and vibrant culture. With its rolling hills, majestic mountains, and sparkling waterways, Tennessee has something for everyone from the Great Smoky Mountains National Park, the Memphis Zoo, the Country Music Hall of Fame, and the Jack Daniel's Distillery. Tennessee is also home to respected institutions such as Vanderbilt University and the University of Tennessee. In addition, Tennessee's economy is also thriving, driven by a mix of industries, including healthcare, finance, and manufacturing.

For adventure seekers, there is plenty to do in Tennessee, from fishing in the Tennessee River to hiking in the Smoky Mountains. Sports fans can cheer on the Tennessee Titans (NFL), Nashville Predators (NHL), and Memphis Grizzlies (NBA). Discover and indulge in famous attractions like the Ryman Auditorium, the Parthenon, and Graceland. The state is also known for its rich music history, including blues, country, and rock-and-roll, and there is a thriving theater and arts scene in cities like Nashville and Memphis.

Its high quality of life, strong economy, and friendly community make Tennessee a great place to call home.

Rental Market Trends

Lexington, TN

As of August 2025, Lexington's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Lexington's average rent is 47.6% ($674) lower than the Tennessee average of $1,417 and 58.5% ($1,047) lower than the U.S. average of $1,790.

Average Rent
$743
Monthly ChangeMonth Over Month Change
Decreased3.6% ($28)
Yearly ChangeYear Over Year Change
Decreased10.5% ($87)
Avg. Days on MarketAverage Days on Market
35
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $618 Decreased10.7% ($74) Decreased13.4% ($96)
2 Beds $743 Decreased3.6% ($28) Decreased10.5% ($87)
3 Beds $1,088 Decreased5% ($57) Increased11.7% ($114)
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, TN.

The average rent in Lexington, TN is $743 per month.
Homes in Lexington typically rent for between $600 and $1,414 per month, with an average of $743 per month.
In Lexington, the average rent for a 1-bedroom home is $618 per month, for a 2-bedroom home, $743 per month, and a 3-bedroom home is $1,088 per month.
The average rent in Lexington is 58.5% ($1,047) lower than the national average of $1,790 per month.
The average rent in Lexington has decreased by 3.6% ($28) in the last month and decreased by 10.5% ($87) over the past year.
The rental market in Lexington, TN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Lexington, TN, the average rental stays on the market for approximately 35 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There is currently 1 rental property available in Lexington, TN.
Based on the current averages, a household would need an annual income of $29,720 to comfortably afford a 2-bedroom home in Lexington.
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