Lexington, SC Rental Market
Lexington is one of the fastest-growing suburbs of Columbia, SC, offering a strong mix of single-family rentals and new construction. With 3-bedroom homes as the dominant rental type and healthy demand from families relocating to the metro area, the market is well-positioned for long-term rent growth.
Get a rent estimate for an address in LexingtonAverage Rent in Lexington, SC
$1,965
per month · 2026-06
Market Score
Key Facts — Lexington, SC Rental Market
- Average rent in Lexington, SC:$1,965/mo
- Median rent:$1,900/mo
- Rent range:$697 – $3,795/mo
- Most common rental (3 bedrooms):$1,993/mo
- Active listings:110
- Avg days to lease:36 days
- Year-over-year change:+3.5%
- Median home value:$285,000
- Est. gross annual yield:8.3%
- Data as of:2026-06
Rent by Bedroom in Lexington, SC
Average monthly rent for each bedroom type based on current active listings in Lexington.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $1,252/mo |
2 Bedrooms | $1,333/mo |
3 Bedrooms | $1,993/mo |
4 Bedrooms | $2,525/mo |
5 Bedrooms | $2,537/mo |
Lexington Rental Market Statistics
Key indicators from the current Lexington, SC rental market.
110
Available now in Lexington
36
From list to lease
$1.21
Average across listings
1,774 sq ft
Typical rental size
$697 – $3,795
Min to max active listings
+3.5%
Avg rent vs. prior year
Investing in Lexington, SC Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$285,000
Typical purchase price in Lexington
Est. Gross Annual Yield
8.3%
Before expenses & vacancy
Avg Monthly Income
$1,965
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Lexington for a full cash-flow breakdown including all costs.
Lexington, SC Rental Market FAQ
Common questions about renting and investing in Lexington, SC.
What is the average rent in Lexington, SC?
The average rent in Lexington, SC is $1,965 per month as of 2026. Three-bedroom homes are the most common rental type and average $1,993/mo, while 2-bedroom units average $1,333/mo.
Is Lexington, SC a good place to invest in rental property?
Lexington, SC offers an estimated gross annual yield of around 8.3% based on current average rents and a median home value near $285,000. Fast population growth, a low cost of living relative to the Southeast, and consistent rent increases make it an attractive market for buy-and-hold investors.
How competitive is the Lexington, SC rental market?
Rental properties in Lexington, SC spend an average of 36 days on the market. With around 110 active listings and strong demand from the growing suburban population, landlords typically lease units within 4–6 weeks of listing.
What types of rental properties are available in Lexington, SC?
Single-family homes dominate the Lexington, SC rental market. The majority of available rentals are 3- and 4-bedroom homes suited for families. Smaller 1- and 2-bedroom options exist but are limited, reflecting the suburban character of the market.
How have rents changed in Lexington, SC recently?
Rents in Lexington, SC have increased approximately 3.5% year-over-year. This steady growth aligns with broader population expansion in the Columbia metro area and continued demand for quality suburban housing.
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