Cheap Apartments for Rent in the Lexington Farms Neighborhood of Indianapolis, IN from $700 (33 Rentals)

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

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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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

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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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property at 741 Oswego Rd

741 Oswego Rd

CarmelIN46032
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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 Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Showing Results 1-33, 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 $749. College Courts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $839. 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$749
College Courts1 Bed/1 Bath Up (A)1BR,1BA$839
Northwood on the TrailRedbud1BR,1BA$1,000
The Lodge at Trails EdgeThe Elk1BR,1BA$1,045
Ashton BrookOne Bedroom Apartment1BR,1BA$1,088
Providence at Old Meridian1B1B Rush Street -Renovated1BR,1BA$1,186
Nook NineTasselStudio,1BA$1,199
GramercyVerde (1.10 A)1BR,1BA$1,235

Best Value Apartments for Rent in Lexington Farms, IN

As of November 28, 2025 the best value apartment in the Lexington Farms area is the $1.52 price per square foot Monterey I Model at The Retreat at Carmel in the in the Nora neighborhood starting from $2,491. The second greatest value Lexington Farms apartment is the Zenith Model at Sunrise on the Monon starting at $2,427 with a $1.49 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 I3BR,2BA$1.52
Sunrise on the MononZenith3BR,2BA$1.49
Governor Square2 bed 2.5 bath Townh Renovated - Ralston2BR,2.5BA$1.13
Overture at Proscenium ApartmentsSydney2BR,2BA$1.62
Northwood on the TrailSugar Maple2BR,1BA$1.40
17 Woodland Dr, Unit Upstair Rental17 Woodland Dr5BR,1BA$1.27
GramercyVerde (1.10 A)1BR,1BA$1.63
Ashton BrookOne Bedroom Apartment1BR,1BA$1.55
The Lodge at Trails EdgeThe Elk1BR,1BA$1.60
10802 Central Ave, Unit 10802 Central Ave Carmel10802 Central Ave2BR,1BA$1.58

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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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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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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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 #90

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 $749.

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

The lowest price for a Cheap One Bedroom Lexington Farms Apartment is $839 at College Courts.

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 $1,079 at College Courts.

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 $1,595.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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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.