
Cheap Homes for Rent in Augusta Neighborhood of Indianapolis, IN from $400 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Augusta area of Indianapolis.


4843 Oakwood Trail

8283 Sobax Dr
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.

2113 Mayfair Dr

2939 Driving Wind Way

4839 Oakwood Trail
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.
Augusta, Indianapolis, IN Local Guide

How much does it cost to rent a home in Augusta?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Augusta 3 Bedroom Homes for Rent | $1,852 | $1,395 | $2,395 |
| Augusta 4 Bedroom Homes for Rent | $2,107 | $1,850 | $2,395 |
| Augusta 5 Bedroom Homes for Rent | $2,290 | $2,290 | $2,290 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the Augusta Neighborhood of Indianapolis, IN.
Explore Indianapolis
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 |
Best Value Apartments for Rent in Augusta, IN
As of November 02, 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 |
Frequently Asked Questions about Augusta
What type of rentals are currently available in Augusta?
There are currently 41 Apartments for Rent in Augusta, IN with pricing that ranges from $597 to $2,005. There are also 23 Single Family Homes for rent, Condos, and Townhome rentals currently available in Augusta ranging from $400 to $2,395.
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 $400 to $2,395 with an average monthly rent of $1,662.
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.