Cheap Apartments for Rent in the Lexington Farms Neighborhood of Indianapolis, IN from $700 (32 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lexington Farms area of Indianapolis.

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Carlyle Court
1 to 2 Bedroom Apartments

Carlyle Court

951 Carlyle LnIndianapolis, IN 46240
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Crestwood Village North
Studio to 2 Bedroom Apartments

Crestwood Village North

9225 Garrison DrIndianapolis, IN 46240
Senior Living
  • Utilities Included

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Twin Lakes Apartments
1 to 3 Bedroom Apartments

Twin Lakes Apartments

616 Ransburg Dr SCarmel, IN 46032
  • Utilities Included
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Midtown Flats
Studio to 3 Bedroom Apartments

Midtown Flats

591 Monon BlvdCarmel, IN 46032
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Penn Circle
1 to 2 Bedroom Apartments

Penn Circle

12415 N Pennsylvania StCarmel, IN 46032

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Showing Results 1-32, Page 1 of 1

Lexington Farms, Indianapolis, IN Local Guide

Cheapest Available Lexington Farms Apartments for Rent

 

The cheapest available apartment rental in the Lexington Farms area of Indianapolis, IN is a Studio unit found at The Hub at Nora priced from $729. Northwood on the Trail has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here are the most affordable Lexington Farms apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Hub at NoraStudio Suite with Patio/Balcony - The SparkStudio,1BA$729
Northwood on the TrailRedbud1BR,1BA$1,000
College Courts1 Bed/1 Bath Up (A)1BR,1BA$1,044
The Lodge at Trails EdgeThe Elk1BR,1BA$1,068
Carlyle CourtTwo Bedroom One Bathroom (CN2)2BR,1BA$1,071
Ashton BrookOne Bedroom Apartment1BR,1BA$1,164
GramercyVerde (1.10A)1BR,1BA$1,255
Lakes of CarmelOne Bedroom1BR,1BA$1,296
The Wren & The WindsorRoyal1BR,1BA$1,368

Best Value Apartments for Rent in Lexington Farms, IN

As of March 12, 2026 the best value apartment in the Lexington Farms area is the $1.44 price per square foot Monterey II Model at The Retreat at Carmel in the in the Nora neighborhood starting from $2,368. The second greatest value Lexington Farms apartment is the The Stockbridge Model at The Seasons of Carmel starting at $2,627 with a $1.61 price per square foot in the Nora neighborhood. Here is today’s list of the best values for Lexington Farms apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Retreat at CarmelMonterey II3BR,2BA$1.44
The Seasons of CarmelThe Stockbridge3BR,2.5BA$1.61
Sunrise on the MononZenith3BR,2BA$1.51
Woodland Springs Apartment HomesTwo Bedroom2BR,2BA$1.19
Penn CircleB62BR,2BA$1.50
Northwood on the TrailSugar Maple2BR,1BA$1.40
Governor SquareDurbin - Renovated1BR,1BA$1.55
Carlyle CourtTwo Bedroom One Bathroom (CN2)2BR,1BA$1.23
17 Woodland Dr, Unit Upstair Rental17 Woodland Dr5BR,1BA$1.14
The Lodge at Trails EdgeThe Elk1BR,1BA$1.59

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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com

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Pet Friendly Lifestyle
Lexington Farms, Indianapolis, IN

Ranked #95

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Lifestyle Ratings

Our team compiles millions of data points to bring you Lifestyle Ratings of neighborhoods, areas, and rental properties across Indiana, including Indianapolis. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and proximity to parks, kid and pet-friendly communities, availability of transit options, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Lexington Farms Apartments

What is the Cheapest Studio apartment in Lexington Farms?

Currently the most affordable Cheap Studio Apartment in Lexington Farms is at The Hub at Nora listed at $729.

How much is rent for a Cheap One Bedroom Lexington Farms Apartment?

The lowest price for a Cheap One Bedroom Lexington Farms Apartment is $909 at The Hub at Nora.

What is the lowest price for a Cheap Two Bedroom Lexington Farms Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lexington Farms is starting from $1,049 at The Hub at Nora.

What is the most affordable Lexington Farms Three Bedroom Apartment?

The best deal on a cheap Lexington Farms Three Bedroom Apartment rental is at Gramercy and starts from $1,580.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Helpful Local Expert Guides

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Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.

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Renting with Roommates: Realistic Expectations for Shared Lease

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Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.