1776 E 106th St
CarmelIN46032
Cheap Homes for Rent in Lexington Farms Neighborhood of Indianapolis, IN from $1,500 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Lexington Farms area of Indianapolis.
10604 Central Ave
CarmelIN46280
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
10608B Central Ave
CarmelIN46280
505 Vista Dr
IndianapolisIN46280
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.
1405 Sierra Springs
IndianapolisIN46280
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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 | $2,100 | $2,100 |
| Lexington Farms 3 Bedroom Homes for Rent | $2,345 | $1,995 | $2,795 |
| Lexington Farms 4 Bedroom Homes for Rent | $3,800 | $3,800 | $3,800 |
| Lexington Farms 5 Bedroom Homes for Rent | $3,600 | $3,600 | $3,600 |
| Lexington Farms 6 Bedroom Homes for Rent | $15,000 | $10,000 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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 1 Bed unit found at Carlyle Court priced from $802. The Hub at Nora has the second lowest priced unit, which is a Studio apartment currently listed from $849. Here are the most affordable Lexington Farms apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Carlyle Court | Standard One Bedrom (SN1) | 1BR,1BA | $802 |
| The Hub at Nora | Studio - The Core | Studio,1BA | $849 |
| Northwood on the Trail | Redbud | 1BR,1BA | $950 |
Best Value Apartments for Rent in Lexington Farms, IN
As of June 17, 2026 the best value apartment in the Lexington Farms area is the $1.50 price per square foot Vintage Model at The Retreat at Carmel in the in the Nora neighborhood starting from $1,989. The second greatest value Lexington Farms apartment is the Sydney Model at Overture at Proscenium Apartments starting at $2,099 with a $1.62 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Retreat at Carmel | Vintage | 2BR,2BA | $1.50 |
| Overture at Proscenium Apartments | Sydney | 2BR,2BA | $1.62 |
| Governor Square | 2 bedroom 2 bathroom Renovated -Marshall | 2BR,2BA | $1.35 |
| Ashton Brook | Three Bedroom Townhome | 3BR,1.5BA | $1.85 |
| Mezz 42 | Coda - (7175A3 1x1 - 950 sqft) | 1BR,1BA | $1.74 |
| Northwood on the Trail | Sugar Maple | 2BR,1BA | $1.32 |
| Gramercy | Verde (1.10A) | 1BR,1BA | $1.62 |
| Providence at Old Meridian | 1B1B Jackson Sqr - Renovated | 1BR,1BA | $1.83 |
| The Lodge at Trails Edge | The Elk | 1BR,1BA | $1.68 |
| Carlyle Court | Standard One Bedrom (SN1) | 1BR,1BA | $1.52 |
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 Article
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
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.
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Pet Friendly LifestyleLexington Farms, Indianapolis, IN
Ranked #77
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
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 $849 to $4,466. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lexington Farms ranging from $1,500 to $15,000.
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 $1,500 to $15,000 with an average monthly rent of $4,724.
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
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.
Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
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My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.
Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
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Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
Articles, How-To's, and Tips
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.