Cheap Homes for Rent in Augusta Neighborhood of Indianapolis, IN from $1,300 (3 Rentals)

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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.

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.

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 ListingModel NameBed/BathPrice Per Sq.Ft.
Lakeshore Reserve Off 86th Apartments and TownhomesThree Bedroom 2.5 Bath Townhome3BR,2.5BA$1.31
Private Reserve TownhomesThe Newburgh2BR,1.5BA$1.07
Grove on Harcourt2 Bed 2 Bath Apartment - Renovated2BR,2BA$1.14
Willow Lake ApartmentsKeystone1BR,1BA$1.46
The Woods of Eagle CreekThe Den: Two Bedroom Townhome2BR,1.5BA$1.42
Estates at Crystal BayTwo Bedroom 1.5 Bath Townhouse 1000 sq ft2BR,1.5BA$1.23
Grove on 79th1 Bed 1.5 Bath Apartment - Renovated1BR,1.5BA$1.03
Lakes of GeorgetownD7921BR,1BA$1.45
Covered BridgeOne Bedroom One Bath1BR,1BA$1.30
Lake Camelot Apartments1 Bedroom Garden1BR,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.

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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.

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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.

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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.

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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.