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Homes & Apartments for Rent in Lexington, TN 38351

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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 October 2026, Lexington's rental market is stable, with rentals spending about 40 days on the market, slower than in Tennessee (38), and rents down 4.3% over the past year. Lexington's average rent is 25.8% ($409) lower than the Tennessee average of $1,587 and 43.4% ($904) lower than the U.S. average of $2,082.

Average Rent
$1,178
Monthly ChangeMonth Over Month Change
Decreased0.33% ($4)
Yearly ChangeYear Over Year Change
Decreased4.3% ($53)
Days on Market
40
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $980 Decreased0.29% ($3) Decreased3.8% ($38)
2 Beds $1,078 Decreased0.37% ($4) Decreased5.4% ($62)
3 Beds $1,223 Decreased0.27% ($3) Decreased3.4% ($43)
Nearby Cities Average Rent Avg. Rent vs. LexingtonAverage Rent vs. Lexington Days on Market
Westport $1,196 Increased1.5% ($18) 38 days
Parsons $979 Decreased16.9% ($199) 38 days
Medina $1,831 Increased55.4% ($653) 29 days
Pinson $1,151 Decreased2.3% ($27) 30 days
Henderson $1,219 Increased3.5% ($41) 29 days
Based on rentals advertised on RentalSource in and around Lexington.
Frequently Asked Questions
Lexington Rental Market FAQs

Explore rental prices, market conditions, and affordability in Lexington, TN.

The average rent in Lexington, TN is about $1,178 per month.
In Lexington, the average rent is about $980 per month for a 1-bedroom home, about $1,078 for a 2-bedroom home and about $1,223 for a 3-bedroom home.
The average rent in Lexington is 43.4% ($904) lower than the national average of $2,082 per month.
The rental market in Lexington, TN is currently stable, with rentals spending about 40 days on the market, slower than in Tennessee (38), and rents down 4.3% over the past year.
Based on the current averages, a household would need an annual income of about $43,100 to comfortably afford a 2-bedroom home in Lexington.
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