Cheap Homes for Rent in Kensington Farms Neighborhood of Indianapolis, IN from $300 (13 Rentals)

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Search the lowest-cost Homes available for rent right now in the Kensington Farms area of Indianapolis.

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Kensington Farms, Indianapolis, IN Local Guide

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. Timber Point Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $815. Here are the most affordable Kensington Farms apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Franklin StudiosStudioStudio,1BA$725
Timber Point ApartmentsThe Ayers1BR,1BA$815
The Life at Harrison Trails1 BED 1 BATH A (LOFT)1BR,1BA$842
Fountainview ApartmentsOasis1BR,1BA$925
Apartments @ Marten Court1x11BR,1BA$925

Best Value Apartments for Rent in Kensington Farms, IN

As of November 13, 2025 the best value apartment in the Kensington Farms 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 Kensington Farms apartment is the Braxton Model at Harrison Place Apartments starting at $1,633 with a $1.51 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Carriage House East3 Bedroom Townhome Empowerment3BR,1.5BA$1.33
Harrison Place ApartmentsBraxton2BR,1.5BA$1.51
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
The Life at Harrison Trails2 BED 1 BATH2BR,1BA$1.30
Harrison Point ApartmentsRuby Reno2BR,1BA$1.53
Timber Point ApartmentsThe Ayers1BR,1BA$1.13
TGM Shadeland StationA11BR,1BA$1.63

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Pet Friendly Lifestyle
Kensington Farms, Indianapolis, IN

Ranked #181

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Kensington Farms, Indianapolis, IN

School data provided by Great Schools

Frequently Asked Questions about Kensington Farms

What type of rentals are currently available in Kensington Farms?

There are currently 54 Apartments for Rent in Kensington Farms, IN with pricing that ranges from $725 to $2,961. There are also 101 Single Family Homes for rent, Condos, and Townhome rentals currently available in Kensington Farms ranging from $385 to $3,400.

What is the current price range for Rental Homes in Kensington Farms?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Kensington Farms ranges from $385 to $3,400 with an average monthly rent of $1,532.

How much are larger Three and Four Bedroom Rentals in Kensington Farms?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Kensington Farms range from $1,170 to $2,961, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,080 to $3,400. Four Bedroom Single-Family rentals are also available starting from $1,297 and Four Bedroom Apartments start at $1,320.

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.