10

Studio Apartments for Rent in Lexington, NC

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    Starting at $1,073 Per Month

    • Studio - 2 Beds

    301 Smith Ave, Lexington, NC 27292

    Experience the perfect blend of historic character and modern living at Dunbar Apartments, a thoughtfully restored community in Lexington. Originally constructed in 1951 and named in honor of renowned poet Paul Laurence Dunbar, this iconic Mid-Century Modern school played an important role in the city's history and is being transformed into 66 unique apartment homes.Residents will enjoy

    The Dunbar

    301 Smith Ave, Lexington, NC 27292

Why Live in Lexington

Lexington, located 20 miles south of Winston-Salem in central North Carolina, is a small city with a population of about 20,000. Known globally for its signature barbecue, Lexington hosts the largest one-day festival in the Southeast, attracting over 100,000 visitors each October. The city is experiencing growth with new companies like Siemens Mobility and U.S. Foods establishing operations. The Uptown Historic District features local businesses, bars, and boutiques, while the Depot District is transforming with breweries, arcade bars, and event venues. The Davidson County Historical Museum and Bob Timberlake Gallery are notable cultural attractions. For those seeking things to do, Lexington offers nearly 30 parks, including Grimes Park and Lexington Skate Park, and is close to Boone’s Cave Park and High Rock Lake. The housing market is expanding, with new developments and historic properties available. Education is served by Davidson County Schools, which has a high rating, and the Yadkin Valley Regional Career Academy offers dual enrollment with Davidson-Davie Community College. Transportation is facilitated by Interstates 85 and 285, with a new Amtrak station set to open by 2027. The city is also focusing on sustainability with projects like the biogas company Divert and upgrades to its wastewater treatment plant. Lexington experiences all four seasons, with hot, humid summers and the potential for hurricanes and tropical storms.

Frequently Asked Questions

How much does it cost to rent a home in Lexington, NC?
The median rent for a home in Lexington, NC is $1,250 per month, though prices vary by neighborhood, size, and property type. As of August 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in Lexington, NC?
To comfortably afford the median rent in Lexington, NC, a household needs to earn roughly $50,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,250 per month in Lexington, NC, renters typically need to show $3,750 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Lexington, NC?
In Lexington, NC, the price-to-rent ratio is 18.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,250
Median Single Family Home Rent
$1,495
Median Townhouse Rent
$1,075
Median Condo Rent
$1,125
How to Rent a Home