
Cheap Apartments for Rent in the Lexington Farms Neighborhood of Indianapolis, IN from $700 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lexington Farms area of Indianapolis.


The Lodge at Trails Edge

Nook Nine

Nora Commons on the Monon Senior Apartments

Woodland Springs Apartment Homes

Lakes of Carmel

Providence at Old Meridian
Lexington Farms, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Lexington Farms?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lexington Farms Studio Apartments | $1,436 | $1,319 | $1,645 |
Lexington Farms 1 Bedroom Apartments | $1,486 | $895 | $2,361 |
Lexington Farms 2 Bedroom Apartments | $1,974 | $1,015 | $2,826 |
Lexington Farms 3 Bedroom Apartments | $2,451 | $1,725 | $3,199 |
Browse Apartments in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Lexington Farms Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Lexington Farms, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Hub at Nora | One Bedroom One Bath - 617 Sq Ft | 1BR,1BA | $895 |
College Courts | 1 Bed/1 Bath Up (B) | 1BR,1BA | $974 |
Northwood on the Trail | The Redbud I 60% | 1BR,1BA | $1,037 |
The Lodge at Trails Edge | The Elk | 1BR,1BA | $1,082 |
Providence at Old Meridian | 1 Bdrm Extension -Renovated | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Sunrise on the Monon | Zenith | 3BR,2BA | $1.49 |
The Retreat at Carmel | Vintage | 2BR,2BA | $1.47 |
Governor Square | 2 bedroom 2 bathroom Renovated | 2BR,2BA | $1.33 |
Lakes of Carmel | Two Bedroom | 2BR,2BA | $1.41 |
Mezz 42 | Accapella (7175A2 1x1 - 890 sqft) | 1BR,1BA | $1.72 |
Penn Circle | A5 | 1BR,1BA | $1.81 |
Gramercy | Verde (1.10 A) | 1BR,1BA | $1.72 |
Northwood on the Trail | The Redbud I 60% | 1BR,1BA | $1.42 |
The Lodge at Trails Edge | The Timberline II | 1BR,1BA | $1.84 |
The Hub at Nora | One Bedroom One Bath - 617 Sq Ft | 1BR,1BA | $1.45 |
Quick 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 #86
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
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.

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.

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.

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.

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.