Joint consideration of interference, resource utilization, fairness, and complexity issues is generally lacking in existing resource allocation schemes for Long-Term Evolution (LTE)/LTE-Advanced femtocell networks. To tackle this, we employ a hybrid spectrum allocation approach whereby the spectrum is split between the macrocell and its nearby interfering femtocells based on their resource demands, whereas the distant femtocells share the entire spectrum. A multiobjective problem is formulated for resource allocation between femtocells and is decomposed using a lexicographic optimization approach into two subproblems. A greedy algorithm of reasonably low complexity is proposed to solve these subproblems sequentially. Simulation results show that the proposed scheme achieves substantial throughput and packet loss improvements in low-density femtocell deployment scenarios while performing satisfactorily in high-density femtocell deployment scenarios with substantial complexity and overhead reduction. The proposed scheme also performs nearly as well as the optimal solution obtained by exhaustive search.