
Cheap Apartments for Rent in the Kensington Farms Neighborhood of Indianapolis, IN from $400 (38 Rentals)
Search the lowest-cost Apartments available for rent right now in the Kensington Farms area of Indianapolis.


4985 N Franklin Rd

Franklin Studios

Vineyards Apartments

Harrison Point Apartments

The Life at Harrison Trails

9024 S Eldorado Dr

Total Monthly Price
Timber Point Apartments

Total Monthly Price
Apartments @ Marten Court
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Fountainview Apartments

Total Monthly Price
Benjamin Court

Carriage House East

Total Monthly Price
Jamestowne Apartments

Waterside at Castleton

Woods of Castleton

TGM Shadeland Station

Total Monthly Price
Harrison Place Apartments

The Fort Apartments
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7361 Westchester Dr

The Otis at Fort Ben Apartments

4315 Aspen Way

Canterbury House Apartments - Franklin Road

Postbrook East Apartments

Maplewood

Maison Gardens Apartments

Bellagio Living I

Bellagio Living II
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8763 E 46th St

Lawrence Glen

7346 E 54th St

8218 E 50th St

8517 Lenna Ct

The Reserve at Franklin Glenn

3926 Malibu Dr

3912 Delmont Dr

4113 Diller Dr
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8951 Brigadier Dr

7355 Westchester Dr
Kensington Farms, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Kensington Farms?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Kensington Farms Studio Apartments | $838 | $649 | $1,409 |
| Kensington Farms 1 Bedroom Apartments | $1,211 | $842 | $2,525 |
| Kensington Farms 2 Bedroom Apartments | $1,355 | $930 | $2,784 |
| Kensington Farms 3 Bedroom Apartments | $1,622 | $1,100 | $3,020 |
| Kensington Farms 4 Bedroom Apartments | $1,497 | $1,485 | $1,505 |
Browse Apartments in this Neighborhood
There are currently 38 rentals with your search options within a 3 mile radius of the Kensington Farms Neighborhood of Indianapolis, IN.
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Kensington Farms, Indianapolis, IN Local Guide
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Cheapest Available Kensington Farms Apartments for Rent
 The cheapest available apartment rental in the Kensington Farms area of Indianapolis, IN is a 2 Beds unit found at Postbrook East Apartments priced from $485. Franklin Studios has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here are the most affordable Kensington Farms apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Postbrook East Apartments | 2bd F | 2BR,1BA | $485 |
| Franklin Studios | Studio | Studio,1BA | $725 |
| Maison Gardens Apartments | 1BD Partial R | 1BR,1BA | $770 |
| Vineyards Apartments | Studio Classic | Studio,1BA | $809 |
| The Life at Harrison Trails | 1 BED 1 BATH A (LOFT) | 1BR,1BA | $842 |
| Harrison Point Apartments | Pearl Reno | Studio,1BA | $869 |
| Apartments @ Marten Court | 1x1 | 1BR,1BA | $925 |
| Benjamin Court | One Bedroom One Bath | 1BR,1BA | $944 |
| Carriage House East | 1 Bedroom Apartment Hope | 1BR,1BA | $953 |
| Timber Point Apartments | The Ayers | 1BR,1BA | $965 |
Best Value Apartments for Rent in Kensington Farms, IN
As of April 06, 2026 the best value apartment in the Kensington Farms area is the $1.37 price per square foot 3 Bedroom Townhome Empowerment Model at Carriage House East in the in the Southeast Indianapolis neighborhood starting from $1,508. The second greatest value Kensington Farms apartment is the Two Bedroom Two Baths Model at Benjamin Court starting at $1,380 with a $1.43 price per square foot in the Far Eastside neighborhood. Here is today’s list of the best values for Kensington Farms apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Carriage House East | 3 Bedroom Townhome Empowerment | 3BR,1.5BA | $1.37 |
| Benjamin Court | Two Bedroom Two Baths | 2BR,2BA | $1.43 |
| Apartments @ Marten Court | 2x1 with washer/dryer | 2BR,1BA | $1.23 |
| Harrison Point Apartments | Ruby Reno | 2BR,1BA | $1.53 |
| Postbrook East Apartments | 1bd F | 1BR,1BA | $1.03 |
| Timber Point Apartments | The Ayers | 1BR,1BA | $1.29 |
| Jamestowne Apartments | Classic | 1BR,1BA | $1.38 |
| TGM Shadeland Station | A1 | 1BR,1BA | $1.64 |
| The Life at Harrison Trails | 1 BED 1 BATH A (LOFT) | 1BR,1BA | $1.26 |
| Maison Gardens Apartments | 1BD R | 1BR,1BA | $1.32 |
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Read ArticleYour 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
Read ArticleQuick 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.
Pet Friendly LifestyleKensington Farms, Indianapolis, IN
Ranked #175
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Kensington Farms, Indianapolis, IN
School data provided by Great Schools
Lifestyle Ratings
Our team of engineers and researchers is proud to bring you Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Northeast Indianapolis, IN. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for the best proximity to parks and outdoor amenities, luxury housing options, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Kensington Farms Apartments
What is a cheap apartment in Kensington Farms?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Kensington Farms is under $965.
What is the price of a cheap apartment in Kensington Farms?
The cheapest apartment in Kensington Farms is Maison Gardens Apartments which is listed at $770, while the average apartment in Kensington Farms costs $1,508.
What types of apartments are the cheapest in Kensington Farms?
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 15 regular apartments in Kensington Farms 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 Kensington Farms?
Cheap apartments in Kensington Farms have an average cost of $267 which is $1,241 cheaper than the average rent for all rentals in Kensington Farms.
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.

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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.

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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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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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
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Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.