Last updated on June 23, 2026

Average rent in
Washington and Lee University, VA

Median rent

Median rent in Lexington

$1,500/mo

increased by21%

vs previous year

The average rent in Lexington is $1,500 per month as of June 2026. This is 23% below the national average rent, or $450 less per month.

$1.51

average price per square foot

Total rentals

Available rentals in Lexington

12

for rent on Zumper.com as of June 2026

Rent price distribution

Share of Lexington rentals at each price point

60%45%30%15%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

This report has limited data.Due a shortage of data for this selected bedroom and/or property type in Washington and Lee University, VA, in the last 30 days, rent estimates may not represent the actual market.

Rent trends in Washington and Lee University, VA

Average rent prices in Lexington have increased by 21% since last year. At this time, we don't have enough information to generate yearly trends. Please see below for more rent price details.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Washington and Lee University, VA

Rent prices in Lexington vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Lexington is $1,225, whereas a house costs $2,200. 1-bedroom apartments in Lexington run $850 on average, while 2-bedroom apartments are $1,287.

Listings

Studio

$1,100

-

-

1 bedroom

$850

-

No Change

2 bedroom

$1,287

-

1%

3 bedroom

$2,100

-

-

4 bedroom

$2,400

-

No Change

Studio

Average rent

$1,100

1 bedroom

Average rent

$850

2 bedroom

Average rent

$1,287

Last year

1%

3 bedroom

Average rent

$2,100

4 bedroom

Average rent

$2,400

The table above reflects average rent prices in Washington and Lee University, VA, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

Discover rentals in Washington and Lee University, VA

Hillside MHC LLC - Photo 1 of 1

1h ago

8.6

Very good

Hillside MHC LLC

E 40th St, Buena Vista, VA 24416

2 beds

2 baths

$925

Apartment for rent

Stay up to date with rental market insights

View the National Rent Report

National Rent Report

View the Canadian Rent Report

Canadian Rent Report

View the Annual Rent Report

Annual Rent Report

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Frequently asked questions for Washington and Lee University, VA

Quick answers to common questions about the Lexington rental market.

How much is rent in Lexington?

The average rent in Lexington is $1,500 per month as of June 20, 2026.

Is rent up or down in Lexington?

Average rent prices in Lexington have increased by 21% since last year.

How does Lexington rent compare to the national average?

Rent in Lexington is 23% below the national average, which means renters are paying approximately $450 less per month.

What salary do I need to afford rent in Lexington?

To comfortably afford rent in Lexington, you'd need to earn approximately $60,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

Hillside MHC LLC