
Cheap Homes for Rent in Augusta Neighborhood of Indianapolis, IN from $1,300 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Augusta area of Indianapolis.

The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

2221 W 58th St
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

4823 Cavern Pl
Augusta, Indianapolis, IN Local Guide

How much does it cost to rent a home in Augusta?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Augusta 2 Bedroom Homes for Rent | $1,535 | $1,300 | $1,750 |
Augusta 3 Bedroom Homes for Rent | $2,048 | $1,700 | $2,560 |
Augusta 4 Bedroom Homes for Rent | $2,335 | $2,335 | $2,335 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Augusta Neighborhood of Indianapolis, IN.
Explore Indianapolis
Best Value Apartments for Rent in Augusta, IN
As of May 24, 2025 the best value apartment in the Augusta area is the $1.31 price per square foot Three Bedroom 2.5 Bath Townhome Model at Lakeshore Reserve Off 86th Apartments and Townhomes in the in the Spring Arbor neighborhood starting from $1,765. The second greatest value Augusta apartment is the The Newburgh Model at Private Reserve Townhomes starting at $1,379 with a $1.07 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Lakeshore Reserve Off 86th Apartments and Townhomes | Three Bedroom 2.5 Bath Townhome | 3BR,2.5BA | $1.31 |
Private Reserve Townhomes | The Newburgh | 2BR,1.5BA | $1.07 |
Grove on Harcourt | 2 Bed 2 Bath Apartment - Renovated | 2BR,2BA | $1.14 |
Willow Lake Apartments | Keystone | 1BR,1BA | $1.46 |
The Woods of Eagle Creek | The Den: Two Bedroom Townhome | 2BR,1.5BA | $1.42 |
Estates at Crystal Bay | Two Bedroom 1.5 Bath Townhouse 1000 sq ft | 2BR,1.5BA | $1.23 |
Grove on 79th | 1 Bed 1.5 Bath Apartment - Renovated | 1BR,1.5BA | $1.03 |
Lakes of Georgetown | D792 | 1BR,1BA | $1.45 |
Covered Bridge | One Bedroom One Bath | 1BR,1BA | $1.30 |
Lake Camelot Apartments | 1 Bedroom Garden | 1BR,1BA | $1.20 |
Frequently Asked Questions about Augusta
What type of rentals are currently available in Augusta?
There are currently 39 Apartments for Rent in Augusta, IN with pricing that ranges from $405 to $3,353. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Augusta ranging from $1,300 to $2,560.
What is the current price range for Rental Homes in Augusta?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Augusta ranges from $1,300 to $2,560 with an average monthly rent of $1,972.
How much are larger Three and Four Bedroom Rentals in Augusta?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Augusta range from $1,015 to $3,353, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $2,560. Four Bedroom Single-Family rentals are also available starting from $2,335 and Four Bedroom Apartments start at $1,745.
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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.