Cheap Apartments for Rent in the Augusta Neighborhood of Indianapolis, IN from $500 (39 Rentals)

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

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Hampshire Court
1 to 2 Bedroom Apartments

Hampshire Court

2455 Rolls DrIndianapolis, IN 46268
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Dogwood Glen
Studio to 2 Bedroom Apartments

Dogwood Glen

2390 Woodglen DrIndianapolis, IN 46260
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The Meridian North
1 to 3 Bedroom Apartments

The Meridian North

2100 Westlane RdIndianapolis, IN 46260
Corporate Housing

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

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Lake Camelot Apartments
1 to 3 Bedroom Apartments

Lake Camelot Apartments

6475 Excalibur CtIndianapolis, IN 46268
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Oakbrook Village
1 to 3 Bedroom Apartments

Oakbrook Village

6098 Georgetown RdIndianapolis, IN 46254
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Lakes of Georgetown
1 to 3 Bedroom Apartments

Lakes of Georgetown

6335 Sandyside DrIndianapolis, IN 46268
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Crooked Creek
1 to 2 Bedroom Apartments

Crooked Creek

3947 Point Bar RdIndianapolis, IN 46268

Augusta - One of the Best Affordable Neighborhoods in Indianapolis

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

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Augusta, Indianapolis, IN Local Guide

Cheapest Available Augusta Apartments for Rent

 

The cheapest available apartment rental in the Augusta area of Indianapolis, IN is a 1 Bed unit found at Carlton Apartments priced from $810. The Meridian North and South has the second lowest priced unit, which is a 2 Beds apartment currently listed from $869. Here are the most affordable Augusta apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Carlton ApartmentsVilla1BR,1BA$810
The Meridian North and SouthB4S South2BR,1BA$869
LandmarkS1 RanierStudio,1BA$870
AnnhurstOne Bed One Bath1BR,1BA$875
The Woods of Eagle CreekThe Creek: One Bedroom Apartment1BR,1BA$945
Oakbrook VillageThe Walnut 1B 1BA1BR,1BA$946
Lake Camelot Apartments2 Bedroom Garden2BR,1BA$976
King's Reserve College Park 55+ Active LivingStudio AlcoveStudio,1BA$1,025
The Towers at Crooked Creek Senior Housing1BD1BR,1BA$1,045
The Grove on Harcourt1x1.5 Large Classic1BR,1BA$1,049

Best Value Apartments for Rent in Augusta, IN

As of July 27, 2026 the best value apartment in the 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 apartment is the Three Bedroom 1.5 Bath Townhouse 1150 sq ft Model at Estates at Crystal Bay starting at $1,415 with a $1.23 price per square foot in the Faith Knoll neighborhood. Here is today’s list of the best values for Augusta apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Private Reserve TownhomesThe Newburgh2BR,1.5BA$1.07
Estates at Crystal BayThree Bedroom 1.5 Bath Townhouse 1150 sq ft3BR,1.5BA$1.23
The Woods of Eagle CreekThe Den: Two Bedroom Townhome2BR,1.5BA$1.40
Lakeshore Reserve Off 86th Apartments and TownhomesTwo Bedroom 2 Bath2BR,2BA$1.31
The Elliott at College Park Apartment HomesTwo Bedroom 1.5 Bath2BR,1.5BA$1.10
Lake Camelot Apartments2 Bedroom Garden2BR,1BA$1.08
The Grove on Harcourt1x1.5 Large Renovated1BR,1.5BA$1.33
Lakes of GeorgetownD7401BR,1BA$1.52
Oakbrook VillageThe Willow 1B 1BB1BR,1BA$1.44
AnnhurstOne Bed One Bath1BR,1BA$1.52

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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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Lifestyle Ratings

Our team is happy to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, 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 the best proximity to parks and outdoor amenities, transit availability, pet-friendly communities, family-friendly amenities, and other valuable search options. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Augusta Apartments

What is a cheap apartment in Augusta?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Augusta is under $1,049.

What is the price of a cheap apartment in Augusta?

The cheapest apartment in Augusta is Carlton Apartments which is listed at $810, while the average apartment in Augusta costs $1,756.

What types of apartments are the cheapest in 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 3 regular apartments in 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?

Cheap apartments in Augusta have an average cost of $175 which is $1,581 cheaper than the average rent for all rentals in 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

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