Cheap Apartments for Rent in the Augusta New Augusta Neighborhood of Indianapolis, IN from $500 (18 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Augusta New Augusta area of Indianapolis.

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.

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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.

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Hampshire Court
1 to 2 Bedroom Apartments

Hampshire Court

2455 Rolls DrIndianapolis, IN 46268
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Lake Camelot Apartments
1 to 3 Bedroom Apartments

Lake Camelot Apartments

6475 Excalibur CtIndianapolis, IN 46268
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The Meridian North
1 to 3 Bedroom Apartments

The Meridian North

2100 Westlane RdIndianapolis, IN 46260
Corporate Housing

Cash 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.

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Augusta New Augusta, Indianapolis, IN Local Guide

Cheapest Available Augusta New Augusta Apartments for Rent

 

The cheapest available apartment rental in the Augusta New Augusta area of Indianapolis, IN is a 1 Bed unit found at The Meridian North and South priced from $699. Lake Camelot Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $806. Here are the most affordable Augusta New Augusta apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Meridian North and SouthA2S South1BR,1BA$699
Lake Camelot Apartments1 Bedroom Garden1BR,1BA$806
AnnhurstOne Bed One Bath1BR,1BA$809
Estates at Crystal BayOne Bedroom One Bath1BR,1BA$829
Reflections ApartmentsExpressionsStudio,1BA$844

Best Value Apartments for Rent in Augusta New Augusta, IN

As of December 10, 2025 the best value apartment in the Augusta New Augusta area is the $1.07 price per square foot The Newburgh Model at Private Reserve Townhomes in the in the Spring Arbor neighborhood starting from $1,379. The second greatest value Augusta New Augusta apartment is the Keystone Model at Willow Lake Apartments starting at $1,510 with a $1.38 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Private Reserve TownhomesThe Newburgh2BR,1.5BA$1.07
Willow Lake ApartmentsKeystone1BR,1BA$1.38
Westbury CourtTwo Bedroom One Bathroom (CN1)2BR,1BA$1.07
The Grove on Harcourt1 Bed 1.5 Bath Large Apartment - Renovated1BR,1.5BA$1.15
Lakes of GeorgetownD7921BR,1BA$1.40
Covered BridgeOne Bedroom One Bath1BR,1BA$1.21
Lake Camelot Apartments1 Bedroom Garden1BR,1BA$1.15
The Meridian North and SouthA1R North1BR,1BA$1.35
Estates at Crystal BayOne Bedroom One Bath1BR,1BA$1.28
The Grove on 79th1 Bed 1 Bath Apartment - Classic1BR,1BA$1.39

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.

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The 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.

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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

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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.

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Pet Friendly Lifestyle
Augusta New Augusta, Indianapolis, IN

Ranked #89

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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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 $946.

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 $699, 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 53 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 $226 which is $1,189 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.

Articles, How-To's, and Tips

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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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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!