Cheap Apartments for Rent in the Farhill Woods Neighborhood of Indianapolis, IN from $700 (25 Rentals)

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

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.

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The 85Twenty
Rent Specials
$1,245 - $1,775
Total Monthly Price

Total Monthly Price

Base Rent
$1,245 - $1,775
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

The 85Twenty

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

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.

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property at 5624 Grassy Bank Dr

$1,895

Total Monthly Price

Total Monthly Price

Base Rent
$1,895
Total Monthly Price
$1,895

3 Bedroom, 2 Bath Rentals

Available Now

5624 Grassy Bank Dr

IndianapolisIN46237

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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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 Beech Meadow Apartments priced from $892. Emerson Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $901. Here are the most affordable Farhill Woods apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Beech Meadow ApartmentsBirch1BR,1BA$892
Emerson VillageThe Cardinal - Premium1BR,1BA$901
Sherman VillageGarden Apt1BR,1BA$925
Churchman Woods2 BEDROOM2BR,1BA$945
Heathmoore - Indianapolis1 Bed 1 Bath1BR,1BA$975

Best Value Apartments for Rent in Farhill Woods, IN

As of June 22, 2026 the best value apartment in the Farhill Woods area is the $1.42 price per square foot 2 Bedroom 2.5 Bath Townhome Model at Coventry Park Village in the in the Southeast Indianapolis neighborhood starting from $1,899. The second greatest value Farhill Woods apartment is the Rosewood Model at Redwood Indianapolis starting at $1,874 with a $1.45 price per square foot in the Southeast Indianapolis 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$1.42
Redwood IndianapolisRosewood2BR,2BA$1.45
Park View at Beech Grove3 Bedroom3BR,2.5BA$1.36
Lakes of WindsorWinchester2BR,1BA$1.39
Encore Apartments2BR/1.5BA2BR,1.5BA$1.30
Ninth Avenue ApartmentsThe Basore2BR,1BA$1.34
Strawbridge GreenEmerson2BR,1BA$1.17
Overlook at Valley Ridge ApartmentsA2 - Napa1BR,1BA$1.47
Churchman Woods2 BEDROOM2BR,1BA$1.30
Sherman VillageGarden Apt1BR,1BA$1.28

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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Quick Rent Budget Calculator

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 #128

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 Sherman Village which is listed at $925, while the average apartment in Farhill Woods costs $1,595.

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 $831 which is $764 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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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.

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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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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