Cheap Apartments for Rent in the Lexington Farms Neighborhood of Indianapolis, IN from $700 (30 Rentals)

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

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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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

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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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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Penn Circle
1 to 2 Bedroom Apartments

Penn Circle

12415 N Pennsylvania StCarmel, IN 46032

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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 $749. College Courts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $909. 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 - 467 Sq FtStudio,1BA$749
College Courts1 Bed/1 Bath Up (B)1BR,1BA$909
Carlyle CourtTwo Bedroom One Bathroom (CN2)2BR,1BA$966
Ashton BrookOne Bedroom Apartment1BR,1BA$1,077
Providence at Old Meridian1 Bdrm -Renovated1BR,1BA$1,143
Northwood on the TrailRedbud1BR,1BA$1,169
GramercyVerde (1.10 A)1BR,1BA$1,170
Nook NineTasselStudio,1BA$1,207
Governor SquareDurbin - Renovated1BR,1BA$1,250
The Lodge at Trails EdgeThe Timberline II1BR,1BA$1,273

Best Value Apartments for Rent in Lexington Farms, IN

As of October 07, 2025 the best value apartment in the Lexington Farms area is the $1.49 price per square foot Zenith Model at Sunrise on the Monon in the in the Nora neighborhood starting from $2,427. The second greatest value Lexington Farms apartment is the Two Bedroom Study Model at Lakes of Carmel starting at $1,737 with a $1.31 price per square foot in the Beacon Point 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.
Sunrise on the MononZenith3BR,2BA$1.49
Lakes of CarmelTwo Bedroom Study2BR,2BA$1.31
The Seasons of CarmelThe Jackson2BR,2BA$1.58
The Retreat at CarmelDolcetto1BR,1BA$1.55
Governor SquareDurbin - Renovated1BR,1BA$1.39
Carlyle CourtTwo Bedroom One Bathroom (CN2)2BR,1BA$1.11
Penn CircleA41BR,1BA$1.73
GramercyVerde (1.10 A)1BR,1BA$1.54
Northwood on the TrailRedbud1BR,1BA$1.61
Ashton BrookOne Bedroom Apartment1BR,1BA$1.54

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Pet Friendly Lifestyle
Lexington Farms, Indianapolis, IN

Ranked #101

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 a cheap apartment in Lexington Farms?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lexington Farms is under $1,273.

What is the price of a cheap apartment in Lexington Farms?

The cheapest apartment in Lexington Farms is College Courts which is listed at $909, while the average apartment in Lexington Farms costs $2,549.

What types of apartments are the cheapest in Lexington Farms?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 38 regular apartments in Lexington Farms that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lexington Farms?

Cheap apartments in Lexington Farms have an average cost of $128 which is $2,421 cheaper than the average rent for all rentals in Lexington Farms.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis

Written by: Wendy Melton

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.