
Cheap Apartments for Rent in the Kensington Farms Neighborhood of Indianapolis, IN from $400 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in the Kensington Farms area of Indianapolis.


4985 N Franklin Rd, Unit 1

4985 N Franklin Rd, Unit Apt 42

Franklin Studios

Harrison Point Apartments

The Vineyards Apartment Homes

The Life at Harrison Trails
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.

Timber Point Apartments

Apartments @ Marten Court

Fountainview Apartments

Benjamin Court

Carriage House East

Jamestowne Apartments

TGM Shadeland Station
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.

Waterside at Castleton

Woods of Castleton

9037 S Eldorado Dr

Canterbury House Apartments - Franklin Road

Maplewood

Postbrook East Apartments

Bellagio Living II
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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Bellagio Living I

Maison Gardens Apartments

Lawrence Glen

7406 E 53rd St

8218 E 50th St

8254 Meadowlark Dr

8956 Brigadier Dr
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4618 McGuire Ct

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 | $847 | $649 | $1,604 |
| Kensington Farms 1 Bedroom Apartments | $1,169 | $859 | $2,330 |
| Kensington Farms 2 Bedroom Apartments | $1,333 | $980 | $2,804 |
| Kensington Farms 3 Bedroom Apartments | $1,669 | $1,100 | $3,239 |
| Kensington Farms 4 Bedroom Apartments | $1,485 | $1,485 | $1,485 |
Browse Apartments in this Neighborhood
There are currently 30 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 Studio unit found at Franklin Studios priced from $725. Postbrook East Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $820. Here are the most affordable Kensington Farms apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Franklin Studios | Studio | Studio,1BA | $725 |
| Postbrook East Apartments | 1bd F | 1BR,1BA | $820 |
| The Vineyards Apartment Homes | Studio Classic | Studio,1BA | $839 |
| The Life at Harrison Trails | 1 BED 1 BATH A (LOFT) | 1BR,1BA | $842 |
| Timber Point Apartments | The Ayers | 1BR,1BA | $910 |
| Apartments @ Marten Court | 1x1 | 1BR,1BA | $925 |
| Maison Gardens Apartments | 2BD | 2BR,1BA | $925 |
| Fountainview Apartments | Oasis | 1BR,1BA | $925 |
| Benjamin Court | One Bedroom One Bath | 1BR,1BA | $944 |
| Carriage House East | 1 Bedroom Apartment – Hope | 1BR,1BA | $953 |
Best Value Apartments for Rent in Kensington Farms, IN
As of May 22, 2026 the best value apartment in the Kensington Farms area is the $1.39 price per square foot Diamond Reno Model at Harrison Point Apartments in the in the Southeast Indianapolis neighborhood starting from $1,599. The second greatest value Kensington Farms apartment is the 3 bd F Remod Model at Postbrook East Apartments starting at $1,180 with a $1.07 price per square foot in the Southeast Indianapolis 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. |
|---|---|---|---|
| Harrison Point Apartments | Diamond Reno | 3BR,2BA | $1.39 |
| Postbrook East Apartments | 3 bd F Remod | 3BR,1BA | $1.07 |
| Carriage House East | 3 Bedroom Townhome – Empowerment | 3BR,1.5BA | $1.37 |
| Apartments @ Marten Court | 2x1 with washer/dryer | 2BR,1BA | $1.23 |
| The Reserve at Franklin Glenn | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.30 |
| Maison Gardens Apartments | 2BD | 2BR,1BA | $1.08 |
| Fountainview Apartments | Vista | 2BR,1BA | $1.42 |
| The Life at Harrison Trails | 2 BED 1 BATH | 2BR,1BA | $1.30 |
| Timber Point Apartments | The Ayers | 1BR,1BA | $1.26 |
| Jamestowne Apartments | Classic | 1BR,1BA | $1.38 |
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.
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 ArticleReal 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.
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 #184
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet 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 the Cheapest Studio apartment in Kensington Farms?
Currently the most affordable Cheap Studio Apartment in Kensington Farms is at Franklin Studios listed at $725.
How much is rent for a Cheap One Bedroom Kensington Farms Apartment?
The lowest price for a Cheap One Bedroom Kensington Farms Apartment is $820 at Postbrook East Apartments.
What is the lowest price for a Cheap Two Bedroom Kensington Farms Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Kensington Farms is starting from $925 at Maison Gardens Apartments.
What is the most affordable Kensington Farms Three Bedroom Apartment?
The best deal on a cheap Kensington Farms Three Bedroom Apartment rental is at Maison Gardens Apartments and starts from $1,015.
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.

Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
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.

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
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.

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
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.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.