Cheap Apartments for Rent in the Farhill Woods Neighborhood of Indianapolis, IN from $700 (26 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Farhill Woods area of Indianapolis.

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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.

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The 85Twenty
Rent Specials
$1,279 - $1,861
Total Monthly Price

Total Monthly Price

Base Rent
$1,279 - $1,861
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

The 85Twenty

8520 Sierra Ridge DrIndianapolis, IN 46239
Corporate Housing
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  • 3D Tour

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Ninth Avenue Apartments
Studio to 3 Bedroom Apartments

Ninth Avenue Apartments

4651 Mimi DrIndianapolis, IN 46237
Corporate Housing
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Franklin Cove
1 to 4 Bedroom Apartments

Franklin Cove

8505 Faywood DrIndianapolis, IN 46239
  • Utilities Included

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.

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Showing Results 1-26, Page 1 of 1

Farhill Woods, Indianapolis, IN Local Guide

Cheapest Available Farhill Woods Apartments for Rent

 

The cheapest available apartment rental in the Farhill Woods area of Indianapolis, IN is a 1 Bed unit found at Keeneland Crest Apartments priced from $799. Emerson Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $938. Here are the most affordable Farhill Woods apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Keeneland Crest ApartmentsTuscan1BR,1BA$799
Emerson VillageThe Cardinal - Premium1BR,1BA$938
Heathmoore - Indianapolis1 Bed 1 Bath1BR,1BA$950
Willow Glen South1 bedroom small1BR,1BA$1,014
Ninth Avenue ApartmentsThe Poppy1BR,1BA$1,059
The BrixtonThe Ashby1BR,1BA$1,072
Sundance ApartmentsThe Shore 1 BR 1 BA1BR,1BA$1,119
Strawbridge GreenRedfern2BR,1BA$1,130
Encore Apartments2BR/1.5BA2BR,1BA$1,235
Overlook at Valley Ridge ApartmentsB3 - Yosemite2BR,2BA$1,296

Best Value Apartments for Rent in Farhill Woods, IN

As of May 08, 2026 the best value apartment in the Farhill Woods area is the $1.27 price per square foot 2 Bedroom 2.5 Bath Townhome Model at Coventry Park Village in the in the Southeast Indianapolis neighborhood starting from $1,699. The second greatest value Farhill Woods apartment is the Sherman Model at Strawbridge Green starting at $1,535 with a $1.17 price per square foot in the Shelby Street-Epler Avenue neighborhood. Here is today’s list of the best values for Farhill Woods apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Coventry Park Village2 Bedroom 2.5 Bath Townhome2BR,2.5BA$1.27
Strawbridge GreenSherman3BR,2.5BA$1.17
Park View at Beech Grove3 Bedroom3BR,2.5BA$1.36
Lakes of WindsorChurchill2BR,2BA$1.39
Overlook at Valley Ridge ApartmentsB - Sonoma2BR,2BA$1.41
Encore Apartments2BR/1.5BA2BR,1.5BA$1.30
Keeneland Crest ApartmentsHartford2BR,1BA$1.41
Ninth Avenue ApartmentsThe Poppy1BR,1BA$1.43
Sundance ApartmentsThe Shore 1 BR 1 BA1BR,1BA$1.52
Emerson VillageThe Cardinal - Premium1BR,1BA$1.53

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Farhill Woods, Indianapolis, IN

Ranked #123

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Cheap Farhill Woods Apartments

What is the price of a cheap apartment in Farhill Woods?

The cheapest apartment in Farhill Woods is Keeneland Crest Apartments which is listed at $799, while the average apartment in Farhill Woods costs $1,695.

What types of apartments are the cheapest in Farhill Woods?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 1 regular apartments in Farhill Woods that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Farhill Woods?

Cheap apartments in Farhill Woods have an average cost of $1,675 which is $20 cheaper than the average rent for all rentals in Farhill Woods.

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

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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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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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