Cheap Apartments for Rent in the New Augusta Neighborhood of Indianapolis, IN from $587 (49 Rentals)

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

Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

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Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

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Hampshire Court
1 to 2 Bedroom Apartments

Hampshire Court

2455 Rolls DrIndianapolis, IN 46268
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Dogwood Glen
Studio to 2 Bedroom Apartments

Dogwood Glen

2390 Woodglen DrIndianapolis, IN 46260
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The Meridian North
1 to 3 Bedroom Apartments

The Meridian North

2100 Westlane RdIndianapolis, IN 46260
Corporate Housing

New Augusta - One of the Best Affordable Neighborhoods in Indianapolis

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

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Lake Camelot Apartments
1 to 3 Bedroom Apartments

Lake Camelot Apartments

6475 Excalibur CtIndianapolis, IN 46268
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Reflections Apartments
Studio to 3 Bedroom Apartments

Reflections Apartments

7999 Silverleaf DrIndianapolis, IN 46260
Corporate Housing
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Oakbrook Village
1 to 3 Bedroom Apartments

Oakbrook Village

6098 Georgetown RdIndianapolis, IN 46254
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The Jameson
1 to 2 Bedroom Apartments

The Jameson

1854 Century WayIndianapolis, IN 46260
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Lakes of Georgetown
1 to 3 Bedroom Apartments

Lakes of Georgetown

6335 Sandyside DrIndianapolis, IN 46268

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Crooked Creek
1 to 2 Bedroom Apartments

Crooked Creek

3947 Point Bar RdIndianapolis, IN 46268
Showing Results 1-49, Page 1 of 1

New Augusta, Indianapolis, IN Local Guide

Cheapest Available New Augusta Apartments for Rent

 

The cheapest available apartment rental in the New Augusta area of Indianapolis, IN is a 1 Bed unit found at The Meridian North and South priced from $679. Carlton Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $810. Here are the most affordable New Augusta apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Meridian North and SouthA2S South1BR, 1BA$679
Carlton ApartmentsVilla1BR, 1BA$810
Lake Camelot Apartments1 Bedroom Garden1BR, 1BA$873
King's Reserve College Park 55+ Active AdultStudio NookStudio, 1BA$875
Dogwood Glen1 Bed 1 Bath1BR, 1BA$880
Reflections ApartmentsExpressionsStudio, 1BA$884
Cross Creek ApartmentsTopsider1BR, 1BA$890
Enclave Park 100The EnclaveStudio, 1BA$899
AnnhurstOne Bed One Bath1BR, 1BA$899
The George Apartment Homes1Bed/1Bath - Gold1BR, 1BA$909

Best Value Apartments for Rent in New Augusta, IN

As of September 18, 2026 the best value apartment in the New Augusta area is the $1.29 price per square foot Three Bedroom 2.5 Bath Townhome Model at Lakeshore Reserve Off 86th Apartments and Townhomes in the Spring Arbor neighborhood starting from $1,730. The second greatest value New Augusta apartment is the C1R North Model at The Meridian North and South in the Faith Knoll neighborhood starting at $1,639 with a $1.26 price per square foot. Here is today’s list of the best values for New Augusta apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lakeshore Reserve Off 86th Apartments and TownhomesThree Bedroom 2.5 Bath Townhome3BR, 2.5BA$1.29
The Meridian North and SouthC1R North3BR, 1.5BA$1.26
Private Reserve TownhomesThe Newburgh2BR, 1.5BA$1.07
The Woods of Eagle CreekThe Den: Two Bedroom Townhome2BR, 1.5BA$1.42
The Elliott at College Park Apartment HomesTwo Bedroom 1.5 Bath2BR, 1.5BA$1.11
The Grove on Harcourt1x1.5 Large Renovated1BR, 1.5BA$1.33
Forest Ridge1 Bed, 1 Bath1BR, 1BA$1.12
Aspen ChaseOne Bedroom One Bath1BR, 1BA$1.36
Lake Camelot Apartments1 Bedroom Garden1BR, 1BA$1.25
Oakbrook VillageThe Willow 1B 1BB1BR, 1BA$1.35

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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Best Local Schools in
New Augusta, Indianapolis, IN

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving.com works hard to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, and customized analysis for Northwestern Indianapolis. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for outdoor amenities like tennis courts, luxury housing options, transit availability, pet-friendly communities, places that make kids happy, and more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap New Augusta Apartments

What is the Cheapest Studio apartment in New Augusta?

Currently the most affordable Cheap Studio Apartment in New Augusta is at King's Reserve College Park 55+ Active Adult listed at $875.

How much is rent for a Cheap One Bedroom New Augusta Apartment?

The lowest price for a Cheap One Bedroom New Augusta Apartment is $679 at The Meridian North and South.

What is the lowest price for a Cheap Two Bedroom New Augusta Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in New Augusta is starting from $769 at The Meridian North and South.

What is the most affordable New Augusta Three Bedroom Apartment?

The best deal on a cheap New Augusta Three Bedroom Apartment rental is at The Meridian North and South and starts from $1,124.

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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Welcome to Indy: A Local Expert's Guide to the City's Best Short-Term Rental Neighborhoods

Written by: Wendy Melton

My name is Wendy, and I am the local expert for ApartmentHomeLiving.com in the Indianapolis area. Being born and raised in Indiana, I know the true meaning of Hoosier hospitality.

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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.

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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.

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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.

Articles, How-To's, and Tips

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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.