
Cheap Homes for Rent in Augusta Neighborhood of Indianapolis, IN from $1,500 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Augusta area of Indianapolis.


6072 Bettcher Ave

6920 Chrysler St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

3010 Sardonyx St

6813 Cross Key Dr

5963 Sycamore Forge 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.
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 | $1,695 | $1,695 | $1,695 |
| Augusta 3 Bedroom Homes for Rent | $1,939 | $1,599 | $2,350 |
| Augusta 4 Bedroom Homes for Rent | $2,516 | $1,980 | $3,455 |
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 King's Reserve College Park 55+ Active Living priced from $699. The Meridian North and South has the second lowest priced unit, which is a 1 Bed apartment currently listed from $779. Here are the most affordable Augusta apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| King's Reserve College Park 55+ Active Living | Studio King | Studio,1BA | $699 |
| The Meridian North and South | A2S South | 1BR,1BA | $779 |
| Carlton Apartments | Villa | 1BR,1BA | $800 |
Best Value Apartments for Rent in Augusta, IN
As of April 23, 2026 the best value apartment in the Augusta area is the $1.27 price per square foot Cumberland Model at Willow Lake Apartments in the in the Spring Arbor neighborhood starting from $1,840. 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. |
|---|---|---|---|
| Willow Lake Apartments | Cumberland | 2BR,2BA | $1.27 |
| Private Reserve Townhomes | The Newburgh | 2BR,1.5BA | $1.07 |
| Estates at Crystal Bay | Two Bedroom 1.5 Bath Townhouse 1000 sq ft | 2BR,1.5BA | $1.23 |
| The Woods of Eagle Creek | The Den: Two Bedroom Townhome | 2BR,1.5BA | $1.40 |
| Lakeshore Reserve Off 86th Apartments and Townhomes | Two Bedroom 2 Bath | 2BR,2BA | $1.39 |
| The Elliott at College Park Apartment Homes | Two Bedroom 1.5 Bath | 2BR,1.5BA | $1.32 |
| Lake Camelot Apartments | 2 Bedroom Garden | 2BR,1BA | $1.07 |
| Covered Bridge | One Bedroom One Bath | 1BR,1BA | $1.21 |
| Westbury Court | Standard One Bedroom (SN4M) | 1BR,1BA | $1.44 |
| The Meridian North and South | A2S South | 1BR,1BA | $1.38 |
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 $699 to $2,215. There are also 20 Single Family Homes for rent, Condos, and Townhome rentals currently available in Augusta ranging from $1,599 to $3,455.
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 $1,599 to $3,455 with an average monthly rent of $2,050.
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

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.

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.

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
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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.

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
Articles, How-To's, and Tips

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.