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54 2 Bedroom Apartments for rent in Lexington, SC

Last updated May 25 at 1:33pm UTC
101 Cherry Hall Drive
Lexington
Lexington, SC
Updated May 22 at 12:26pm UTC
2 Bedrooms
$850
210 Dawsons Park Drive
Lexington
Lexington, SC
Updated May 17 at 4:14am UTC
2 Bedrooms
$1,100
5 Boardwalk Ln
Lake Murray
Lexington, SC
Updated April 30 at 12:29pm UTC
2 Bedrooms
$1,200
Results within 5 miles of Lexington, SC
Three Rivers Apartments
900 Gracern Rd
Columbia, SC
Updated May 25 at 11:07am UTC
2 Bedrooms
$875
The Farrington
1513 Farrington Way
St. Andrews, SC
Updated May 25 at 11:07am UTC
2 Bedrooms
$820
174 Quinton Court
West Columbia
West Columbia, SC
Updated May 15 at 12:39pm UTC
2 Bedrooms
$925
120 Willow Winds Drive
Columbia
Columbia, SC
Updated May 1 at 5:40am UTC
2 Bedrooms
$1,250
1829 Kathleen Drive
Columbia
Columbia, SC
Updated April 28 at 10:17am UTC
2 Bedrooms
$700
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May 2018 Lexington Rent Report

Welcome to the May 2018 Lexington Rent Report. Lexington rents increased 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

May 2018 Lexington Rent Report

Welcome to the May 2018 Lexington Rent Report. Lexington rents increased 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 increase sharply over the past month

Lexington rents have increased 0.8% over the past month, and are up slightly by 1.5% in comparison to the same time last year. Currently, median rents in Lexington stand at $910 for a one-bedroom apartment and $1,050 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in February. Lexington's year-over-year rent growth leads the state average of 1.1%, but is in line with the national average of 1.5%.

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, 8 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 $1,560; of the 10 largest cities in the state that we have data for, Mount Pleasant, is the only major city to see rents fall year-over-year (-1.8%).
  • North Charleston, Greer, and Spartanburg have all experienced year-over-year growth above the state average (4.6%, 3.6%, and 2.1%, respectively).

Lexington rents more affordable than many large cities nationwide

As rents have increased slightly in Lexington, a few large cities nationwide have also seen rents grow modestly. Lexington is still more affordable than most large cities across the country.

  • Lexington's median two-bedroom rent of $1,050 is below the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year, which matches the rise in Lexington.
  • While Lexington's rents rose slightly over the past year, many cities nationwide also saw increases, including Phoenix (+2.3%), Atlanta (+1.9%), and Denver (+1.6%).
  • Renters will find more reasonable prices in Lexington than most large cities. For example, San Francisco has a median 2BR rent of $3,060, 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.