Homes & Apartments for Rent in Lexington, VA

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What to Know About

Life in Lexington & Beyond

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

Virginia, where history and modernity seamlessly merge, is home to some of the most significant historical sites in the country. Take a trip back in time and explore the Colonial Williamsburg living history museum, which transports visitors to the 18th century, or wander through the cobblestone streets of Old Town Alexandria. Major universities in Virginia, like the University of Virginia and Virginia Tech, are renowned for their academic excellence. In addition, the state's diverse and growing economy, supported by thriving technology, agriculture, and tourism industries, offers ample employment opportunities.

Outdoor enthusiasts can enjoy a wide range of activities, including hiking and camping in the Blue Ridge Mountains, fishing and boating in the Chesapeake Bay, and skiing in the winter. Sports fans will be thrilled with the exciting college sports games, and families will love visiting famous attractions like the Virginia Beach Boardwalk and the Natural Bridge.

With its stunning natural landscapes, deep historical roots, and thriving economy, Virginia is a great place to live for those who appreciate the unique charm and heritage of the south.

Rental Market Trends

Lexington, VA

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 2.7% ($47) higher than the Virginia average of $1,721 and 1.6% ($29) lower than the U.S. average of $1,797.

Average Rent
$1,768
Monthly ChangeMonth Over Month Change
Increased8.1% ($133)
Yearly ChangeYear Over Year Change
Increased35.2% ($460)
Avg. Days on MarketAverage Days on Market
37
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,176 Increased0.6% ($7) Increased7.8% ($85)
2 Beds $1,513 Increased3.4% ($50) Increased18.9% ($240)
3 Beds $2,039 Increased0.7% ($14) Increased31.5% ($488)
Nearby Cities Average Rent Avg. Rent vs. LexingtonAverage Rent vs. Lexington Avg. Days on MarketAverage Days on Market
Buena Vista $957 Decreased45.9% ($811) 38 days
Buchanan $1,206 Decreased31.8% ($562) 34 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, VA.

The average rent in Lexington, VA is $1,768 per month.
Homes in Lexington typically rent for between $823 and $2,651 per month, with an average of $1,768 per month.
In Lexington, the average rent for a 1-bedroom home is $1,176 per month, for a 2-bedroom home, $1,513 per month, and a 3-bedroom home is $2,039 per month.
The average rent in Lexington is 1.6% ($29) lower than the national average of $1,797 per month.
The average rent in Lexington has increased by 8.1% ($133) in the last month and increased by 35.2% ($460) over the past year.
The rental market in Lexington, VA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Lexington, VA, the average rental stays on the market for approximately 37 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 14 rental properties available in Lexington, VA.
Based on the current averages, a household would need an annual income of $60,520 to comfortably afford a 2-bedroom home in Lexington.
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