
Cheap Apartments for Rent in the Augusta New Augusta Neighborhood of Indianapolis, IN from $500 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the Augusta New Augusta area of Indianapolis.


Total Monthly Price
Dogwood Glen

King's Reserve College Park 55+ Active Living

Total Monthly Price
The Meridian North and South

Westbury Court
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.

Carlton Apartments

Covered Bridge

Annhurst

Reflections Apartments

Turtle Creek
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Estates at Crystal Bay

Landmark

Hampshire Court

The Meridian North

Lake Camelot Apartments
Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.

College Park Apartments
Augusta New Augusta, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Augusta New Augusta?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Augusta New Augusta Studio Apartments | $887 | $695 | $1,229 |
| Augusta New Augusta 1 Bedroom Apartments | $1,079 | $597 | $2,215 |
| Augusta New Augusta 2 Bedroom Apartments | $1,284 | $834 | $2,365 |
| Augusta New Augusta 3 Bedroom Apartments | $1,437 | $1,149 | $1,969 |
Browse Apartments in this Neighborhood
There are currently 16 rentals with your search options within a 2 mile radius of the Augusta New Augusta Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Augusta New Augusta, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Augusta New Augusta Apartments for Rent
 The cheapest available apartment rental in the Augusta New Augusta area of Indianapolis, IN is a Studio unit found at King's Reserve College Park 55+ Active Living priced from $699. The Meridian North and South has the second lowest priced unit, which is a 1 Bed apartment currently listed from $754. Here are the most affordable Augusta New Augusta apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| King's Reserve College Park 55+ Active Living | Studio King | Studio,1BA | $699 |
| The Meridian North and South | A6S South | 1BR,1BA | $754 |
| Carlton Apartments | Villa | 1BR,1BA | $800 |
| Annhurst | One Bed One Bath | 1BR,1BA | $809 |
| Covered Bridge | One Bedroom One Bath | 1BR,1BA | $809 |
Best Value Apartments for Rent in Augusta New Augusta, IN
As of March 24, 2026 the best value apartment in the Augusta New Augusta area is the $1.15 price per square foot Three Bedroom 1.5 Bath Townhouse 1300 sq ft Model at Estates at Crystal Bay in the in the Faith Knoll neighborhood starting from $1,495. The second greatest value Augusta New Augusta apartment is the The Newburgh Model at Private Reserve Townhomes starting at $1,379 with a $1.07 price per square foot in the Spring Arbor neighborhood. Here is today’s list of the best values for Augusta New Augusta apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Estates at Crystal Bay | Three Bedroom 1.5 Bath Townhouse 1300 sq ft | 3BR,1.5BA | $1.15 |
| Private Reserve Townhomes | The Newburgh | 2BR,1.5BA | $1.07 |
| Lake Camelot Apartments | 2 Bedroom Townhome | 2BR,2BA | $1.10 |
| Willow Lake Apartments | Keystone | 1BR,1BA | $1.28 |
| The Elliott at College Park Apartment Homes | Two Bedroom 1.5 Bath | 2BR,1.5BA | $1.36 |
| The Jameson | Ontario | 2BR,2BA | $1.43 |
| The Grove on Harcourt | 1x1,5 Large Renovated | 1BR,1.5BA | $1.22 |
| Covered Bridge | One Bedroom One Bath | 1BR,1BA | $1.15 |
| The Grove on 79th | 1x1 Classic | 1BR,1BA | $1.43 |
| Annhurst | One Bed One Bath | 1BR,1BA | $1.40 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleYour 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 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.
Pet Friendly LifestyleAugusta New Augusta, Indianapolis, IN
Ranked #78
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Augusta New Augusta, Indianapolis, IN
School data provided by Great Schools
Lifestyle Ratings
This website is happy to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in areas across the United States and customized analysis for Indianapolis, Indiana. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, transit availability, pet-friendly communities, family-friendly amenities, and much more. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Augusta New Augusta Apartments
What is a cheap apartment in Augusta New Augusta?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Augusta New Augusta is under $929.
What is the price of a cheap apartment in Augusta New Augusta?
The cheapest apartment in Augusta New Augusta is The Meridian North and South which is listed at $754, while the average apartment in Augusta New Augusta costs $1,415.
What types of apartments are the cheapest in Augusta New Augusta?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 56 regular apartments in Augusta New Augusta that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Augusta New Augusta?
Cheap apartments in Augusta New Augusta have an average cost of $154 which is $1,261 cheaper than the average rent for all rentals in Augusta New Augusta.
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
Written by: Wendy Melton
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
Written by: Wendy Melton
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.