 Places of interest in Lexington include the Stonewall Jackson House, Lee Chapel, the George C. Marshall Museum, Virginia Military Institute Museum, Museum of Military Memorabilia, and the downtown historic district.Hull's Drive In theater attracts visitors to the area and was the first community-owned, non-profit drive-in in the U.S.

Lexington also contains a host of small retail businesses, bed and breakfast inns, and restaurants catering to a unique mixture of local, tourist, and collegiate clientele.The historic R. E. Lee Hotel, built in the 1920s, underwent extensive renovation and re-opened its doors late 2014.