Cheap Apartments for Rent in the Lexington Farms Neighborhood of Indianapolis, IN from $700 (13 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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Twin Lakes Apartments
1 to 3 Bedroom Apartments

Twin Lakes Apartments

616 Ransburg Dr SCarmel, IN 46032
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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 The Hub at Nora priced from $895. College Courts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $974. Here are the most affordable Lexington Farms apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Hub at NoraOne Bedroom One Bath - 617 Sq Ft1BR,1BA$895
College Courts1 Bed/1 Bath Up (B)1BR,1BA$974
Northwood on the TrailThe Redbud I 60%1BR,1BA$1,037
The Lodge at Trails EdgeThe Elk1BR,1BA$1,082
Providence at Old Meridian1 Bdrm Extension -Renovated1BR,1BA$1,264

Best Value Apartments for Rent in Lexington Farms, IN

As of March 31, 2025 the best value apartment in the Lexington Farms area is the $1.49 price per square foot Zenith Model at Sunrise on the Monon in the in the Nora neighborhood starting from $2,427. The second greatest value Lexington Farms apartment is the Vintage Model at The Retreat at Carmel starting at $1,952 with a $1.47 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.
Sunrise on the MononZenith3BR,2BA$1.49
The Retreat at CarmelVintage2BR,2BA$1.47
Governor Square2 bedroom 2 bathroom Renovated2BR,2BA$1.33
Lakes of CarmelTwo Bedroom2BR,2BA$1.41
Mezz 42Accapella (7175A2 1x1 - 890 sqft)1BR,1BA$1.72
Penn CircleA51BR,1BA$1.81
GramercyVerde (1.10 A)1BR,1BA$1.72
Northwood on the TrailThe Redbud I 60%1BR,1BA$1.42
The Lodge at Trails EdgeThe Timberline II1BR,1BA$1.84
The Hub at NoraOne Bedroom One Bath - 617 Sq Ft1BR,1BA$1.45

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Pet Friendly Lifestyle
Lexington Farms, Indianapolis, IN

Ranked #86

Among neighborhoods in Indianapolis, IN 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 Overture at Proscenium Apartments listed at $1,319.

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

The lowest price for a Cheap One Bedroom Lexington Farms Apartment is $895 at The Hub at Nora.

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 $1,015 at The Hub at Nora.

What is the most affordable Lexington Farms Three Bedroom Apartment?

The best deal on a cheap Lexington Farms Three Bedroom Apartment rental is at Northwood on the Trail and starts from $1,455.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.