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Lexington, VA Houses for Rent

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  • /14

    $1,689

    Total Monthly Price

    • 3 Beds
    • 3 Baths
    • 2,150 Sq Ft
    • House for Rent

    215 Taylor St, Lexington, VA 24450

    Ranch Style Home in Lexington, VA — a single-family residence offering three bedrooms and three full bathrooms. This property features a full finished basement that expands living and storage options, and is within walking distance of Downtown Lexington for easy access to shops, dining, and local services. The ranch layout provides straightforward flow between living spaces, while the additional

    215 Taylor St, Lexington, VA 24450
  • /16

    $2,400

    Total Monthly Price

    • 4 Beds
    • 2 Baths
    • 1,790 Sq Ft
    • House for Rent

    32 Furrs Mill Rd, Lexington, VA 24450

    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 with ease. Conveniently located near Washington and Lee University and

    32 Furrs Mill Rd, Lexington, VA 24450

Frequently Asked Questions

How much does it cost to rent a single-family home in Lexington, VA?
The median rent for a single-family home in Lexington, VA is $2,175 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while townhouses 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 $66,000 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 $1,650 per month in Lexington, VA, renters typically need to show $4,950 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 19.8, 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 Houses for Rent
2
Median Single Family Home Rent
$2,175
Median 3 Bedroom Single Family Home Rent
$1,650
Median 4 Bedroom Single Family Home Rent
$2,400
Median 5 Bedroom Single Family Home Rent
$2,350
How to Rent a Home