Cheap Apartments for Rent in the Augusta Neighborhood of Indianapolis, IN from $587 (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

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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The Meridian North
1 to 3 Bedroom Apartments

The Meridian North

2100 Westlane RdIndianapolis, IN 46260
Corporate Housing
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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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Showing Results 1-39, Page 1 of 1

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 The Meridian North and South priced from $734. Carlton Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $810. Here are the most affordable Augusta apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Meridian North and SouthA7S South1BR,1BA$734
Carlton ApartmentsVilla1BR,1BA$810
AnnhurstOne Bed One Bath1BR,1BA$850
Dogwood Glen1 Bed 1 Bath1BR,1BA$855
King's Reserve College Park 55+ Active AdultStudio NookStudio,1BA$875
Forest Ridge1 Bed, 1 Bath1BR,1BA$929
The Woods of Eagle CreekThe Creek: One Bedroom Apartment1BR,1BA$930
Oakbrook VillageThe Walnut 1B 1BA1BR,1BA$946
Avia Lofts at Founders RoadStudioStudio,1BA$949
Estates at Crystal BayOne Bedroom One Bath1BR,1BA$990

Best Value Apartments for Rent in Augusta, IN

As of September 10, 2026 the best value apartment in the Augusta area is the $1.21 price per square foot 2 Bed, 2 Bath Model at Forest Ridge in the in the Spring Arbor neighborhood starting from $1,360. The second greatest value Augusta apartment is the B3 Canyon Model at Landmark starting at $1,544 with a $1.49 price per square foot in the Spring Arbor 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.
Forest Ridge2 Bed, 2 Bath2BR,2BA$1.21
LandmarkB3 Canyon2BR,2BA$1.49
The Woods of Eagle CreekThe Den: Two Bedroom Townhome2BR,1.5BA$1.37
The Elliott at College Park Apartment HomesTwo Bedroom 1.5 Bath2BR,1.5BA$1.11
The Grove on Harcourt1x1.5 Large Renovated1BR,1.5BA$1.33
Lakes of GeorgetownU831-M1BR,1BA$1.47
Oakbrook VillageThe Willow 1B 1BB1BR,1BA$1.43
Estates at Crystal BayOne Bedroom One Bath1BR,1BA$1.52
AnnhurstOne Bed One Bath1BR,1BA$1.48
Dogwood Glen1 Bed 1 Bath1BR,1BA$1.48

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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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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 $990.

What is the price of a cheap apartment in Augusta?

The cheapest apartment in Augusta is The Meridian North and South which is listed at $734, while the average apartment in Augusta costs $1,119.

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 8 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 $160 which is $959 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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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.

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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.

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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.

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis

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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.

Articles, How-To's, and Tips

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.