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Lexington, VA Homes for Rent

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    Starting at $1,250 Plus Fees

    • 1 - 3 Beds

    95 Willow Springs Rd, Lexington, VA 24450

    We don't just rent apartments. From the moment you walk through the front door you'll feel the comfort and security that makes our residents happy to call us home. Cutting edge amenities, meticulously-groomed grounds, and a dedicated staff contributes to a higher standard of living. Convenient shopping, award-winning schools, local museums and parks are all close at hand, with sponsored

    Lexington Springs Apartments

    95 Willow Springs Rd, Lexington, VA 24450
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    $2,400

    Total Monthly Price

    • 4 Beds
    • 2 Baths
    • 1,790 Sq Ft
    • Single Family Home Minutes from Downtown Lexington

    32 Furrs Mill Rd, Lexington, VA 24450

    STUDENTS- this is a great property for the upcoming school year! Welcome to this charming single-family home located just minutes from downtown Lexington, VA. This spacious 4-bedroom, 2-bathroom house is situated right at the Maury River, offering stunning views and a tranquil setting. With plenty of outdoor porch and patio space, you can enjoy the peaceful surroundings and entertain guests

    32 Furrs Mill Rd, Lexington, VA 24450
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    $2,450

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • 1,680 Sq Ft
    • 3 bedroom 2 bath home

    23 Southfork Ln, Lexington, VA 24450

    This 3 Bedroom 2 Bath house is located near Washington and Lee, Virginia Military Institute and historic downtown Lexington Virginia

    23 Southfork Ln, Lexington, VA 24450
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    $1,800

    Total Monthly Price

    • 3 Beds
    • 2.5 Baths
    • Lovely 3BR, 2.5 Ba townhome in the Pinnacles

    81 Pinnacle Ln, Lexington, VA 24450

    Lovely 3BR, 2.5 Ba townhome in the Pinnacles Subdivision. The townhouse has 3 full baths and 1 - 1/2 bath. There are Hardwood floors on the main level and carpet upstairs. There is a full finished walk out basement which has a full bath. Nice landscaping in the front and spectacular Blue Ridge mountain views from the rear deck.Each unit has 2 parking spacesMORE PICS TO

    81 Pinnacle Ln, Lexington, VA 24450
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    $2,075

    Total Monthly Price

    • 3 Beds
    • 2.5 Baths
    • 1,300 Sq Ft
    • TripleCrown23

    23 Triple Crown Dr Unit 25, Lexington, VA 24450

    23 Triple Crown Dr Unit 25, Lexington, VA 24450

Why Live in Lexington

Lexington, Virginia, a small city in the Shenandoah Valley, is known for its historic downtown, two universities, and scenic views of the Blue Ridge Mountains. The Virginia Military Institute and Washington and Lee University are key employers and cultural hubs, with the latter being one of the oldest higher education institutions in the country. The city features a mix of historic homes, including Colonial Revival, Craftsman, and American Foursquare styles, alongside midcentury ranch-style and Cape Cod houses. On the outskirts, newer colonial and ranch-style homes on spacious lots are common, as well as subdivisions with Craftsman-inspired homes. Downtown Lexington, listed on the National Register of Historic Places, offers a walkable area with locally owned shops, art galleries, and restaurants. Notable dining options include Golden Garden for Asian cuisine and Haywood’s Piano Bar and Grill for upscale American dishes. For dessert, Sweet Things Ice Cream Shoppe is a local favorite. Outdoor enthusiasts can explore Jordan’s Point Park, the Chessie Nature Trail, and the George Washington and Jefferson National Forests. The Lime Kiln Theater and Virginia Horse Center provide venues for concerts and equestrian events, while Hull’s Drive-In offers a retro movie experience. Students attend highly rated Harrington Waddell Elementary and Lylburn Downing Middle schools. The city is accessible via U.S. Routes 60 and 11, with Interstate 81 connecting to nearby cities like Staunton and Roanoke.

Frequently Asked Questions

How much does it cost to rent a home in Lexington, VA?
The median rent for a home in Lexington, VA is $2,237 per month, though prices vary by neighborhood, size, and property type. As of July 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, VA?
To comfortably afford the median rent in Lexington, VA, a household needs to earn roughly $89,480 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 $2,237 per month in Lexington, VA, renters typically need to show $6,711 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, VA?
In Lexington, VA, the price-to-rent ratio is 14.6, 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
5
Median Rent
$2,237
Median Single Family Home Rent
$2,400
Median Townhouse Rent
$1,675
Median Condo Rent
$2,075
How to Rent a Home