
Cheap Homes for Rent in the Lexington Farms Neighborhood of Indianapolis, IN from $1,500 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Lexington Farms area of Indianapolis.


1070 Sedona Pass

505 Vista Dr
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10604 Central Ave
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Lexington Farms, Indianapolis, IN Local Guide

How much does it cost to rent a home in Lexington Farms?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lexington Farms 2 Bedroom Homes for Rent | $1,797 | $1,595 | $2,000 |
| Lexington Farms 3 Bedroom Homes for Rent | $2,138 | $1,795 | $2,475 |
| Lexington Farms 4 Bedroom Homes for Rent | $3,237 | $2,550 | $4,000 |
| Lexington Farms 5 Bedroom Homes for Rent | $3,300 | $3,300 | $3,300 |
Browse Homes for Rent in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the Lexington Farms Neighborhood of Indianapolis, IN.
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Lexington Farms, Indianapolis, IN Local Guide
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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 $699. Northwood on the Trail has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here are the most affordable Lexington Farms apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Hub at Nora | Studio - The Core | Studio,1BA | $699 |
| Northwood on the Trail | Redbud | 1BR,1BA | $950 |
| College Courts | 1 Bed/1 Bath Up (D) | 1BR,1BA | $994 |
Best Value Apartments for Rent in Lexington Farms, IN
As of August 03, 2026 the best value apartment in the Lexington Farms area is the $1.60 price per square foot The Raleigh Model at The Seasons of Carmel in the in the Carmel neighborhood starting from $2,156. The second greatest value Lexington Farms apartment is the Three Bedroom Townhome Model at Ashton Brook starting at $2,060 with a $1.85 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Seasons of Carmel | The Raleigh | 2BR,2BA | $1.60 |
| Ashton Brook | Three Bedroom Townhome | 3BR,1.5BA | $1.85 |
| Northwood on the Trail | Sugar Maple | 2BR,1BA | $1.32 |
| Governor Square | Durbin - Renovated | 1BR,1BA | $1.47 |
| 17 Woodland Dr, Unit Upstair Rental | 17 Woodland Dr | 5BR,1BA | $1.20 |
| Penn Circle | A4 | 1BR,1BA | $1.95 |
| Gramercy | Verde (1.10A) | 1BR,1BA | $1.64 |
| The Lodge at Trails Edge | The Elk | 1BR,1BA | $1.71 |
| College Courts | 1 Bed/1 Bath Dn (C) | 1BR,1BA | $1.67 |
| The Hub at Nora | Studio Suite with Patio/Balcony - The Spark | Studio ,1BA | $1.93 |
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.
Read ArticleYour 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
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Pet Friendly LifestyleLexington Farms, Indianapolis, IN
Ranked #76
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Lexington Farms
What type of rentals are currently available in Lexington Farms?
There are currently 40 Apartments for Rent in Lexington Farms, IN with pricing that ranges from $699 to $4,466. There are also 22 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lexington Farms ranging from $1,595 to $4,000.
What is the current price range for Rental Homes in Lexington Farms?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lexington Farms ranges from $1,595 to $4,000 with an average monthly rent of $2,374.
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.
Articles, How-To's, and Tips

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