At $1,316/mo, rent takes about 23% of the local median household income, comfortably within the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,316 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: September 25, 2026
What the numbers show
30% of the median household income ($67,666) is $1,692 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,270).
From Zillow's monthly rent index (ZORI) for Lexington. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Lexington, NE is majority owner-occupied, has a large share of families with children, 13.1% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Lexington, NE has changed in 5 years
Household income in the area moved from $56,729 to $67,666 across the same window, up 19.3% versus 2021. The population has grown by 5.2% since 2021, moving from about 10,325 residents to roughly 10,862. Renters now make up 42.6% of households, compared with 45.2% five years ago.
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Can you afford rent in Lexington on your salary?
At $1,316/mo, how Lexington rent compares to typical pay (30% rule).
Lexington rent by bedroom count
Median rent for each apartment size in Lexington. Click any size for full breakdown.
Tips for renters in Lexington
Last updated: September 25, 2026
The median rent in Lexington is $1,316/mo as of September 2026. A studio apartment averages $660/mo while a 2-bedroom runs $960/mo. One-bedroom apartments average $870/mo and 3-bedroom units go for $1,210/mo.
At 23% of local median household income ($67,666/yr), Lexington ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
How much income do you need to rent in Lexington?
Is rent going up or down in Lexington?
How does Lexington rent compare to other cities in Nebraska?
At $1,316/mo, rent takes ~23% of Lexington's median household income ($67,666/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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