
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.


8056 Pebble Creek Ct

8056 Pebble Creek Ct
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.

5970 Manning Rd

4839 Oakwood Trail

1909 Mayfair Dr
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 | $1,844 | $1,545 | $2,300 |
| Augusta 4 Bedroom Homes for Rent | $2,063 | $1,829 | $2,335 |
| Augusta 5 Bedroom Homes for Rent | $2,110 | $2,110 | $2,110 |
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 Studio unit found at Dogwood Glen priced from $695. The Meridian North and South has the second lowest priced unit, which is a 1 Bed apartment currently listed from $727. Here are the most affordable Augusta apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Dogwood Glen | Studio 1 Bath | Studio,1BA | $695 |
| The Meridian North and South | A4S South | 1BR,1BA | $727 |
| Westbury Court | Standard One Bedroom (SN4) | 1BR,1BA | $797 |
Best Value Apartments for Rent in Augusta, IN
As of December 20, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Private Reserve Townhomes | The Newburgh | 2BR,1.5BA | $1.07 |
| Lake Camelot Apartments | 2 Bedroom Townhome | 2BR,2BA | $1.20 |
| Willow Lake Apartments | Keystone | 1BR,1BA | $1.38 |
| The Woods of Eagle Creek | The Den: Two Bedroom Townhome | 2BR,1.5BA | $1.39 |
| The Grove on 79th | 1 Bed 1.5 Bath Apartment - Renovated | 1BR,1.5BA | $1.20 |
| The Grove on Harcourt | 1 Bed 1.5 Bath Large Apartment - Renovated | 1BR,1.5BA | $1.14 |
| Covered Bridge | One Bedroom One Bath | 1BR,1BA | $1.21 |
| The Meridian North and South | A1R North | 1BR,1BA | $1.35 |
| Oakbrook Village | The Walnut 1B 1BA | 1BR,1BA | $1.39 |
| 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 40 Apartments for Rent in Augusta, IN with pricing that ranges from $695 to $2,080. There are also 28 Single Family Homes for rent, Condos, and Townhome rentals currently available in Augusta ranging from $400 to $2,335.
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 $2,335 with an average monthly rent of $1,662.
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.
Articles, How-To's, and Tips

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.

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.

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!