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modified
3 Days Ago

Location

550 Borden Rd, Lexington, VA 24450, USA

Tour 550 Borden Rd

Contact

H and K Properties, Inc.

(540) 464-3922

Property Overview

This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.

Things you’ll love

  • Less expensive
  • Images available
  • Outdoor space

Great for

  • Work-from-home

Amenities for 550 Borden Rd

Appliances

DishwasherRange
Refrigerator
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property
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About 550 Borden Rd

Home 550 Borden Rd, Lexington, VA 24450, USA

Located in the charming town of Lexington. Situated just minutes away from the W&L Law School. With plenty of parking available, you'll never have to worry about finding a spot. Enjoy the fresh air on your own private balcony or patio. Plus, with Downtown Lexington minutes away, you'll have easy access to shopping, dining, and entertainment. All properties managed by H and K Properties, Inc. are enrolled in the Resident Benefits Package (RBP) for $39.00/month which includes liability insurance, credit building to help boost resident’s credit score with timely rent payments, HVAC air filter delivery (for applicable properties), move-in concierge services making utility connection and home service setup a breeze during your move-in, our best-in-class resident rewards program and much more! More details upon application.


Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 550 Borden Rd, Lexington, VA 24450, USA compares to other nearby properties.

Positives

Less expensive
Some rentals at this address are cheaper than similar listings nearby
Images available
There are at least 10 photos of this address
Outdoor space
One or more rentals here have easy access to the outdoors

Considerations

Greater distance from grade schools
The nearest elementary school is farther than 1 mile away
Greater distance from middle schools
The nearest middle school is farther than 1 mile away

Address details

Zip code24450
TypeHouse for rent

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Rent trends in Lexington

2-bedroom apartments at 550 Borden Rd cost about 16% less than the average rent price for 2-bedroom apartments in Lexington.

Median rents as of Feb 21 2026.
Lexington
A table of 2-bedroom apartment rental data trends in Lexington
MonthMedian Rent
March 2024$1,000
April 2024$1,028
May 2024$1,083
June 2024$1,102
July 2024$1,112
November 2024$1,275
December 2024$1,400
January 2025$1,400
February 2025$1,475
March 2025$1,462
April 2025$1,337
May 2025$1,330
June 2025$1,234
July 2025$1,381
November 2025$1,475
January 2026$1,321
February 2026$1,380

Affordability calculator

Can I afford to live at 550 Borden Rd?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$48,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $48,000 annually to afford this 2-bedrooms monthly rent price of $1,200.
For more information on rent affordability, visit our rent calculator.

Rent history

The increase or decrease in monthly rent compared to the previous listing price.
Check out the past listing prices for monthly rent at 550 Borden Rd, Lexington, VA.
This month$1,0501 bed1 bath
This month$1,3002 bed2 bath
Last month$9501 bed1 bath
9 months ago$1,2002 bed2 bath
1 year ago$1,0001 bed1 bath
3 years ago$8752 bed1 bath
3 years ago$8001 bed1 bath
4 years ago$8752 bed1 bath
4 years ago$1,0002 bed2 bath

Schools near 550 Borden Rd

Central Elementary School

85 central rd

lexington, VA, 24450

PK, K-5Public
C+
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Internet available near 550 Borden Rd

Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Lexington near 550 Borden Rd

Walking

3/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).

Driving

9/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

5/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

0/10
FYI, there are little to no public transit options within walking distance.

Points of interest for 550 Borden Rd, Lexington

Groceries

2/10
Closest supermarket further than a 30-minute walk

Shopping

2/10
Some shops within walking distance

Cafes

3/10
Some cafés within walking distance

Restaurants

4/10
Some restaurants within walking distance

Primary schools

5/10
At least one elementary school within a 20-minute walk

High schools

1/10
Closest high school further than a 30-minute walk

Nightlife

2/10
Some bars within walking distance

Other units at this address

550 Borden Rd Lexington, VA

Occupied

12

1 Bed

1 Bath

$800

Listed by Kristy Higgins
Days on market: 2016
Charming 1 bedroom , 1 bath , living room , with deck , comes with washer, dryer, stove, fridge, range. walking distance to W&L

Occupied

1 Bed, 1 Bath

1 Bed

1 Bath

$950

Listed by Condo Located at Borden Commons
Days on market: 33
Welcome to our condo located at Borden Commons, a charming one-bedroom, one-bathroom residence nestled in the heart of Lexington, VA. This condo offers a unique blend of comfort and convenience, with off-street parking and an abundance of storage space. The location is unbeatable, as it's within walking distance to Washington and Lee, making it perfect for those who value accessibility. The condo's layout is thoughtfully designed to maximize space and functionality. The dining room opens up to a private balcony, providing a perfect spot for morning coffee or evening relaxation. This condo is a perfect blend of convenience and comfort, offering a unique living experience in Lexington, VA. **INTERIOR PHOTOS COMING SOON** ***All properties managed by H and K Properties, Inc. are enrolled in the Resident Benefits Package (RBP) for $39.00/month which includes liability insurance, credit building to help boost resident’s credit score with timely rent payments, HVAC air filter delivery (for applicable properties), move-in concierge services making utility connection and home service setup a breeze during your move-in, our best-in-class resident rewards program and much more! More details upon application.

Occupied

1 Bed, 1 Bath

1 Bed

1 Bath

$1,000

Listed by Kristy Higgins
Days on market: 2218
1 bedroom 1 bath ,washer, dryer, stove, dishwasher, microwave, fridge. Close to W7L walking distance to town great location new paint new floor an appliances a must see

Occupied

Apt B1

1 Bed

1 Bath

$1,000

Listed by Kristy Higgins
Days on market: 1091
1 bedroom has new hard wood floors thru out the place, and new bathroom, its been freshly painted and very spacious comes with washer and dryer, stove , fridge, dishwasher and walking distance to W&L. No Pets Lawn care provided

Occupied

B1BUILDING

1 Bed

1 Bath

$1,000

Days on market: 1842
1 bedroom has new hard wood floors thru out the place, and new bathroom, very spacious comes with washer and dryer, stove , fridge, dishwasher and walking distance to W&L. No Pets

Occupied

A12

2 Beds

1 Bath

$875

Days on market: 1278
Lots of space and walking distance to W&l

Occupied

A12

2 Beds

1 Bath

$1,000

Listed by Kristy Higgins
Days on market: 622
Lots of space and walking distance to W&l

Occupied

Apt 6

2 Beds

2 Baths

$1,000

Listed by Kristy Higgins
Days on market: 1091
2 bedroom new paint new carpet ready for move in

Occupied

A6

2 Beds

2 Baths

$1,000

Days on market: 1842
2 bedroom new paint new carpet ready for move in

Occupied

#A-6

2 Beds

2 Baths

$1,250

Listed by Condo at Borden Commons
Days on market: 447
Welcome to Borden Commons located in the charming town of Lexington. This cozy 2-bedroom, 2-bathroom condo is situated just minutes away from the W&L Law School. With plenty of parking available, you'll never have to worry about finding a spot. Enjoy the fresh air on your own private deck. Plus, with Downtown Lexington minutes away, you'll have easy access to shopping, dining, and entertainment.

Occupied

A1

2 Beds

2 Baths

$1,300

Listed by 2BR, 2Ba First floor apartment in Borden Commons
Days on market: 20
2 bedroom, 2 bathroom condo in Borden Commons. This property offers a living room, dining area, kitchen, and sizable bedrooms with bathrooms. A porch with accessed from the living room, provides natural light, a private outdoor space, and additional storage. Unit is located on the ground level with convenient access to parking and common spaces. Washer and dryer are within the unit. INTERNET INCLUDED. Located just minutes from Washington & Lee University, Virginia Military Institute, and Historic Downtown Lexington.

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