
Cheap Apartments for Rent in the Augusta Neighborhood of Indianapolis, IN from $500 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the Augusta area of Indianapolis.


6702 Georgetown Rd

The Meridian North and South

Dogwood Glen

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

Estates at Crystal Bay

King's Reserve College Park 55+ Active Living
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.

Oakbrook Village

The Woods of Eagle Creek
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.
Augusta, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Augusta?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Augusta Studio Apartments | $921 | $705 | $1,150 |
| Augusta 1 Bedroom Apartments | $1,066 | $597 | $1,720 |
| Augusta 2 Bedroom Apartments | $1,270 | $770 | $2,005 |
| Augusta 3 Bedroom Apartments | $1,461 | $1,124 | $1,879 |
Browse Apartments in this Neighborhood
There are currently 17 rentals with your search options within a 2 mile radius of the Augusta Neighborhood of Indianapolis, IN.
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Augusta, Indianapolis, IN Local Guide
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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 $699. Annhurst has the second lowest priced unit, which is a 1 Bed apartment currently listed from $809. Here are the most affordable Augusta apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Meridian North and South | A2S South | 1BR,1BA | $699 |
| Annhurst | One Bed One Bath | 1BR,1BA | $809 |
| Lake Camelot Apartments | 1 Bedroom Garden | 1BR,1BA | $810 |
| Covered Bridge | One Bedroom One Bath | 1BR,1BA | $819 |
| Estates at Crystal Bay | One Bedroom One Bath | 1BR,1BA | $829 |
Best Value Apartments for Rent in Augusta, IN
As of November 03, 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 The Den: Two Bedroom Townhome Model at The Woods of Eagle Creek starting at $1,354 with a $1.35 price per square foot in the Cheswick Place neighborhood. Here is today’s list of the best values for Augusta apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Private Reserve Townhomes | The Newburgh | 2BR,1.5BA | $1.07 |
| The Woods of Eagle Creek | The Den: Two Bedroom Townhome | 2BR,1.5BA | $1.35 |
| The Grove on 79th | 1 Bed 1.5 Bath Apartment - Renovated | 1BR,1.5BA | $1.12 |
| Westbury Court | Two Bedroom One Bathroom (CN1) | 2BR,1BA | $1.07 |
| The Grove on Harcourt | 1 Bed 1.5 Bath Large Apartment - Reno | 1BR,1.5BA | $1.15 |
| The Elliott at College Park Apartment Homes | One Bedroom | 1BR,1BA | $1.34 |
| Covered Bridge | One Bedroom One Bath | 1BR,1BA | $1.16 |
| Lake Camelot Apartments | 1 Bedroom Garden | 1BR,1BA | $1.16 |
| Estates at Crystal Bay | One Bedroom One Bath | 1BR,1BA | $1.28 |
| Annhurst | One Bed One Bath | 1BR,1BA | $1.40 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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 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.
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.
Getting Around the Augusta Neighborhood in Indianapolis, IN
Walk Score®
39 / 100
Car-Dependent
Most errands require a car
Bike Score®
39 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
24 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,008.
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 $699, while the average apartment in Augusta costs $1,415.
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 24 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 $181 which is $1,234 cheaper than the average rent for all rentals in Augusta.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.





