Rent in Lexington, TN
A 2-bedroom in Lexington, TN (ZIP 38351) typically rents for about $739 a month, with a range of $739–$995. Owner-occupied homes in Henderson County pay about 0.48% 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 | $761 | $761 | 1 |
| 1 bed | $370 | $370–$914 | 1 |
| 2 beds | $739 | $739–$995 | 1 |
| 3 beds | $822 | $822–$1,248 | 1 |
| 4 beds | $1,365 | $1,365 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: 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, TN?
- About $739 a month: the median of the typical rents in 1 ZIP code, which range from $739–$995. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Lexington, TN?
- About $370 a month: the median of the typical rents in 1 ZIP code, which range from $370–$914. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Lexington, TN?
- About $822 a month: the median of the typical rents in 1 ZIP code, which range from $822–$1,248. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Lexington, TN?
- About $761 a month: the median of the typical rents in 1 ZIP code, which range from $761. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Lexington, TN?
- About $1,365 a month: the median of the typical rents in 1 ZIP code, which range from $1,365. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Lexington, TN?
- Owner-occupied homes in Henderson County pay a typical 0.48% 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?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).