Cheap Apartments for Rent in the Augusta Neighborhood of Indianapolis, IN from $500 (17 Rentals)

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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
  • Utilities Included

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

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 $754. Westbury Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $797. Here are the most affordable Augusta apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Meridian North and SouthA7S South1BR,1BA$754
Westbury CourtStandard One Bedroom (SN4)1BR,1BA$797
Lake Camelot Apartments1 Bedroom Garden1BR,1BA$806
AnnhurstOne Bed One Bath1BR,1BA$809
Covered BridgeOne Bedroom One Bath1BR,1BA$809

Best Value Apartments for Rent in Augusta, IN

As of December 27, 2025 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 2 Bedroom Townhome Model at Lake Camelot Apartments starting at $1,318 with a $1.20 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
Lake Camelot Apartments2 Bedroom Townhome2BR,2BA$1.20
Willow Lake ApartmentsKeystone1BR,1BA$1.38
The Woods of Eagle CreekThe Den: Two Bedroom Townhome2BR,1.5BA$1.41
The Grove on 79th1x1,5 Townhome Renovated1BR,1.5BA$1.20
The Grove on Harcourt1x1,5 Large Renovated1BR,1.5BA$1.14
The Elliott at College Park Apartment HomesOne Bedroom1BR,1BA$1.40
Covered BridgeOne Bedroom One Bath1BR,1BA$1.15
Oakbrook VillageThe Walnut 1B 1BA1BR,1BA$1.39
AnnhurstOne Bed One Bath1BR,1BA$1.40

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

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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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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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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 the Cheapest Studio apartment in Augusta?

Currently the most affordable Cheap Studio Apartment in Augusta is at Landmark listed at $900.

How much is rent for a Cheap One Bedroom Augusta Apartment?

The lowest price for a Cheap One Bedroom Augusta Apartment is $797 at Westbury Court.

What is the lowest price for a Cheap Two Bedroom Augusta Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Augusta is starting from $975 at Estates at Crystal Bay.

What is the most affordable Augusta Three Bedroom Apartment?

The best deal on a cheap Augusta Three Bedroom Apartment rental is at Estates at Crystal Bay and starts from $1,149.

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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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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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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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.

Articles, How-To's, and Tips

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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!