Rent in Lexington, NC
Across Lexington's 4 ZIP codes, a 2-bedroom typically rents for about $1,002 a month, with figures from $781–$1,087. The highest typical rent is in 27294 ($1,087) and the lowest in 27295 ($781). 2 ZIPs have ZIP-level figures from HUD or Census; the other 2 use the county Fair Market Rent. Owner-occupied homes in Davidson County pay about 0.60% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $959 | $843–$959 | 4 |
| 1 bed | $942 | $746–$999 | 4 |
| 2 beds | $1,002 | $781–$1,087 | 4 |
| 3 beds | $1,354 | $965–$1,505 | 4 |
| 4 beds | $1,817 | $1,119–$1,817 | 4 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Lexington ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Lexington, NC?
- About $1,002 a month: the median of the typical rents in 4 ZIP codes, which range from $781–$1,087. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Lexington, NC?
- About $942 a month: the median of the typical rents in 4 ZIP codes, which range from $746–$999. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Lexington, NC?
- About $1,354 a month: the median of the typical rents in 4 ZIP codes, which range from $965–$1,505. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Lexington, NC?
- About $959 a month: the median of the typical rents in 4 ZIP codes, which range from $843–$959. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Lexington, NC?
- About $1,817 a month: the median of the typical rents in 4 ZIP codes, which range from $1,119–$1,817. Figures are gross rent (rent plus tenant-paid utilities).
- Which Lexington ZIP code has the highest rent?
- For a 2-bedroom, 27294 has the highest typical rent at $1,087 a month, and 27295 the lowest at $781.
- What is the property tax rate in Lexington, NC?
- Owner-occupied homes in Davidson County pay a typical 0.60% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Lexington rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).