Cheap Apartments for Rent in the Lexington Farms Neighborhood of Indianapolis, IN from $802 (38 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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property at 1117 E 105th St

$1,595

Total Monthly Price

Total Monthly Price

Base Rent
$1,595
Total Monthly Price
$1,595

2 Bedroom, 1 Bath Townhome for Rent

Available Now

1117 E 105th St

CarmelIN46280
property at 10604 Central Ave

$1,995

Total Monthly Price

Total Monthly Price

Base Rent
$1,995
Total Monthly Price
$1,995

3 Bedroom, 2.5 Bath Townhome for Rent

Available Now

10604 Central Ave

CarmelIN46280
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Twin Lakes Apartments
1 to 3 Bedroom Apartments

Twin Lakes Apartments

616 Ransburg Dr SCarmel, IN 46032
  • Utilities Included

Lexington Farms - One of the Best Affordable Neighborhoods in Indianapolis

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

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Midtown Flats
Studio to 3 Bedroom Apartments

Midtown Flats

591 Monon BlvdCarmel, IN 46032
Showing Results 1-38, 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 1 Bed unit found at Northwood on the Trail priced from $922. College Courts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,014. Here are the most affordable Lexington Farms apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Northwood on the TrailRedbud1BR,1BA$922
College Courts1 Bed/1 Bath Dn (D)1BR,1BA$1,014
The Hub at NoraOne Bedroom One Bath - The Beacon1BR,1BA$1,029
The Lodge at Trails EdgeThe Elk1BR,1BA$1,093
GramercyVerde (1.10A)1BR,1BA$1,230
Nook NineTasselStudio,1BA$1,230
Governor SquareDurbin - Renovated1BR,1BA$1,320
Midtown Flats1 Bedroom, 1 BathroomStudio,1BA$1,328
Ashton BrookTwo Bedroom Apartment2BR,1BA$1,332
The EdgeArden 0.1Studio,1BA$1,349

Best Value Apartments for Rent in Lexington Farms, IN

As of August 23, 2026 the best value apartment in the Lexington Farms area is the $1.26 price per square foot 10770 Central Ave Model at 10770 Central Ave, Unit 10770 in the in the Carmel neighborhood starting from $1,895. The second greatest value Lexington Farms apartment is the The Raleigh Model at The Seasons of Carmel starting at $2,156 with a $1.60 price per square foot in the Carmel 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.
10770 Central Ave, Unit 1077010770 Central Ave3BR,2BA$1.26
The Seasons of CarmelThe Raleigh2BR,2BA$1.60
Ashton BrookThree Bedroom Townhome3BR,1.5BA$1.76
Providence at Old Meridian2B2B Society Hall -Renovated2BR,2BA$1.61
Governor SquareDurbin - Renovated1BR,1BA$1.47
Overture at Proscenium ApartmentsScotStudio ,1BA$1.72
GramercyVerde (1.10A)1BR,1BA$1.62
Northwood on the TrailRedbud1BR,1BA$1.27
The Lodge at Trails EdgeThe Elk1BR,1BA$1.67
The Hub at NoraOne Bedroom One Bath - The Beacon1BR,1BA$1.67

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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Lexington Farms, Indianapolis, IN

Ranked #84

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 $1,349.

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

The cheapest apartment in Lexington Farms is Northwood on the Trail which is listed at $922, while the average apartment in Lexington Farms costs $1,669.

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 24 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 $241 which is $1,428 cheaper than the average rent for all rentals in Lexington Farms.

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.

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