818 E Auman Dr
CarmelIN46032
Cheap Homes for Rent in Lexington Farms Neighborhood of Indianapolis, IN from $1,800 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Lexington Farms area of Indianapolis.
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
10229 Carrollton Ave
IndianapolisIN46280
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
10600 Central Ave
CarmelIN46280
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
10600 Central Ave
IndianapolisIN46280
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!
401 Atherton Dr
CarmelIN46032
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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 | $2,100 | $2,000 | $2,200 |
| Lexington Farms 3 Bedroom Homes for Rent | $2,181 | $1,595 | $2,500 |
| Lexington Farms 5 Bedroom Homes for Rent | $3,800 | $3,800 | $3,800 |
Browse Homes for Rent in this Neighborhood
There are currently 5 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 $800. College Courts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,034. 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 - 441 Sq Ft | Studio,1BA | $800 |
| College Courts | 1 Bed/1 Bath Up (A) | 1BR,1BA | $1,034 |
| Northwood on the Trail | The Redbud I 60% | 1BR,1BA | $1,037 |
Best Value Apartments for Rent in Lexington Farms, IN
As of May 11, 2025 the best value apartment in the Lexington Farms area is the $1.01 price per square foot Three Bedroom TH Model at Woodland Springs Apartment Homes in the in the Spring Mill neighborhood starting from $1,810. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Woodland Springs Apartment Homes | Three Bedroom TH | 3BR,2.5BA | $1.01 |
| Sunrise on the Monon | Zenith | 3BR,2BA | $1.49 |
| Overture at Proscenium Apartments | Sydney | 2BR,2BA | $1.85 |
| Governor Square | Durbin - Renovated | 1BR,1BA | $1.50 |
| Mezz 42 | Accapella (7175A2 1x1 - 890 sqft) | 1BR,1BA | $1.72 |
| Penn Circle | A4 | 1BR,1BA | $1.91 |
| Gramercy | Verde (1.10 A) | 1BR,1BA | $1.72 |
| Northwood on the Trail | The Redbud I 60% | 1BR,1BA | $1.42 |
| Ashton Brook | One Bedroom Apartment | 1BR,1BA | $1.59 |
| The Hub at Nora | Studio Suite with Patio/Balcony - 467 Sq Ft | Studio ,1BA | $1.87 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Lexington Farms
What type of rentals are currently available in Lexington Farms?
There are currently 39 Apartments for Rent in Lexington Farms, IN with pricing that ranges from $800 to $5,309. There are also 18 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lexington Farms ranging from $1,595 to $3,800.
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 $3,800 with an average monthly rent of $2,645.
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.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.