Cheap Apartments for Rent in the Farmington Neighborhood of Indianapolis, IN from $600 (15 Rentals)

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

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Farmington, Indianapolis, IN Local Guide

Cheapest Available Farmington Apartments for Rent

 

The cheapest available apartment rental in the Farmington area of Indianapolis, IN is a Studio unit found at Willowood East priced from $699. Franklin Studios has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here are the most affordable Farmington apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Willowood EastStudioStudio,1BA$699
Franklin StudiosStudioStudio,1BA$725
Autumn Trails ApartmentsThe MapleStudio,1BA$749
Serenity Park ApartmentsBecome an Eastsider Today! Get 1 month free on ...1BR,1BA$769
Spanish OaksStudioStudio,1BA$799

Best Value Apartments for Rent in Farmington, IN

As of November 15, 2025 the best value apartment in the Farmington area is the $1.33 price per square foot 3 Bedroom Townhome Empowerment Model at Carriage House East in the in the Southeast Indianapolis neighborhood starting from $1,464. The second greatest value Farmington apartment is the The Prince Model at Country Lake Townhomes starting at $1,375 with a $1.35 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for Farmington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Carriage House East3 Bedroom Townhome Empowerment3BR,1.5BA$1.33
Country Lake TownhomesThe Prince2BR,1.5BA$1.35
Benjamin CourtTwo Bedroom Two Baths2BR,2BA$1.43
Apartments @ Marten Court2x1 with washer/dryer2BR,1BA$1.15
The Reserve at Franklin Glenn I LPSoon Available: Your Perfect Home Awaits2BR,2BA$1.39
Fountainview ApartmentsVista2BR,1BA$1.42
Harrison Point ApartmentsRuby Reno2BR,1BA$1.53
CrosswindsEarhart2BR,1BA$1.46
Bristol Square1 Bedroom Loft1BR,1.5BA$1.06
Serenity Park ApartmentsBecome an Eastsider Today! Get 1 month free on ...1BR,1BA$1.29

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Pet Friendly Lifestyle
Farmington, Indianapolis, IN

Ranked #166

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 Farmington Apartments

What is a cheap apartment in Farmington?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Farmington is under $944.

What is the price of a cheap apartment in Farmington?

The cheapest apartment in Farmington is Serenity Park Apartments which is listed at $769, while the average apartment in Farmington costs $1,636.

What types of apartments are the cheapest in Farmington?

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 22 regular apartments in Farmington 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 Farmington?

Cheap apartments in Farmington have an average cost of $464 which is $1,172 cheaper than the average rent for all rentals in Farmington.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.