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44 1 Bedroom Apartments for rent in Lexington, SC

Last updated October 16 at 3:12am UTC
Results within 5 miles of Lexington, SC
York Woods at Lake Murray
2038 Lake Murray Boulevard
Lexington County, SC
Updated October 16 at 12:53am UTC
1 Bedroom
$1,054
34 Crestmont
34 Woodcross Dr
Columbia, SC
Updated October 16 at 12:53am UTC
1 Bedroom
$821
Lakes at Harbison
100 Fairforest Rd
Columbia, SC
Updated October 16 at 12:53am UTC
1 Bedroom
$845
112 Arrowwood Rd
Columbia
Columbia, SC
Updated September 19 at 9:37am UTC
1 Bedroom
$500
1308 Old Manor Rd
Columbia
Columbia, SC
Updated September 18 at 1:03pm UTC
1 Bedroom
$550
224 Connie Dr
Columbia
Columbia, SC
Updated August 24 at 2:42am UTC
1 Bedroom
$560
609 S LAKE Drive
Lexington
Lexington, SC
Updated September 24 at 12:30pm UTC
1 Bedroom
$875
Results within 10 miles of Lexington, SC
Bush River Road
Columbia
Columbia, SC
Updated July 6 at 7:40am UTC
1 Bedroom
$750

October 2018 Lexington Rent Report

Welcome to the October 2018 Lexington Rent Report. Lexington rents declined over the past month. In this report, we'll evaluate trends in the Lexington rental market, including comparisons to cities throughout the state and nation.

View full Lexington Rent Report
Rent Report
Lexington

October 2018 Lexington Rent Report

Welcome to the October 2018 Lexington Rent Report. Lexington rents declined over the past month. In this report, we'll evaluate trends in the Lexington rental market, including comparisons to cities throughout the state and nation.

Lexington rents declined moderately over the past month

Lexington rents have declined 0.3% over the past month, but have increased moderately by 2.1% in comparison to the same time last year. Currently, median rents in Lexington stand at $920 for a one-bedroom apartment and $1,070 for a two-bedroom. This is the third straight month that the city has seen rent decreases after an increase in June. Lexington's year-over-year rent growth leads the state average of 1.1%, as well as the national average of 0.9%.

Rents rising across cities in South Carolina

Throughout the past year, rent increases have been occurring not just in the city of Lexington, but across the entire state. Of the largest 10 cities that we have data for in South Carolina, all of them have seen prices rise. The state as a whole logged rent growth of 1.1% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Mount Pleasant is the most expensive of all South Carolina's major cities, with a median two-bedroom rent of $1,600; of the 10 largest South Carolina cities that we have data for, all have seen rents rise year-over-year, with Spartanburg experiencing the fastest growth (+3.2%).
  • Greenville, Anderson, and Greer have all experienced year-over-year growth above the state average (2.9%, 2.8%, and 1.4%, respectively).

Lexington rents more affordable than many large cities nationwide

As rents have increased moderately in Lexington, a few large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Lexington is still more affordable than most large cities across the country.

  • Lexington's median two-bedroom rent of $1,070 is below the national average of $1,180. Nationwide, rents have grown by 0.9% over the past year compared to the 2.1% increase in Lexington.
  • While Lexington's rents rose moderately over the past year, the city of Seattle saw a decrease of 1.6%.
  • Renters will find more reasonable prices in Lexington than most large cities. For example, San Francisco has a median 2BR rent of $3,110, which is nearly three times the price in Lexington.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.