
Cheap Apartments for Rent in the New Augusta Neighborhood of Indianapolis, IN from $400 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the New Augusta area of Indianapolis.


6702 Georgetown Rd

Westbury Court

Carlton Apartments
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

The Meridian North and South

King's Reserve College Park - 55+ Senior

Covered Bridge
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Annhurst

The Elliott at College Park Apartment Homes

7988 N Michigan Rd

Oakbrook Village
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
New Augusta, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in New Augusta?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
New Augusta Studio Apartments | $968 | $824 | $1,150 |
New Augusta 1 Bedroom Apartments | $1,113 | $405 | $3,088 |
New Augusta 2 Bedroom Apartments | $1,270 | $860 | $3,510 |
New Augusta 3 Bedroom Apartments | $1,665 | $1,015 | $6,533 |
New Augusta 4 Bedroom Apartments | $2,120 | $1,690 | $2,620 |
Browse Apartments in this Neighborhood
There are currently 16 rentals with your search options within a 2 mile radius of the New Augusta Neighborhood of Indianapolis, IN.
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New Augusta, Indianapolis, IN Local Guide
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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 Carlton Apartments priced from $785. The Meridian North and South has the second lowest priced unit, which is a 1 Bed apartment currently listed from $829. Here are the most affordable New Augusta apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Carlton Apartments | Villa | 1BR,1BA | $785 |
The Meridian North and South | A2S South | 1BR,1BA | $829 |
Covered Bridge | Two Bedroom One Bath | 2BR,1BA | $860 |
Lake Camelot Apartments | 1 Bedroom Garden | 1BR,1BA | $872 |
Annhurst | One Bed One Bath | 1BR,1BA | $879 |
Best Value Apartments for Rent in New Augusta, IN
As of June 23, 2025 the best value apartment in the New Augusta area is the $1.56 price per square foot 2 Bedroom 2 Bathroom Apartment with 1175 Square... Model at Preserve at Willow Springs in the in the Spring Arbor neighborhood starting from $1,829. The second greatest value New Augusta apartment is the Meridian Model at Willow Lake Apartments starting at $1,630 with a $1.45 price per square foot in the Spring Arbor neighborhood. Here is today’s list of the best values for New Augusta apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Preserve at Willow Springs | 2 Bedroom 2 Bathroom Apartment with 1175 Square... | 2BR,2BA | $1.56 |
Willow Lake Apartments | Meridian | 1BR,1.5BA | $1.45 |
Estates at Crystal Bay | Two Bedroom 1.5 Bath Townhouse 1000 sq ft | 2BR,1.5BA | $1.23 |
Bishop Pond Residences Apartments | 2 BR 2 BA - 1st Floor | 2BR,2BA | $1.58 |
The Villages of Bent Tree Apartments | The Meridian - 1 Bedroom 1 Bat | 1BR,1BA | $1.64 |
Lakes of Georgetown | D740 | 1BR,1BA | $1.49 |
Covered Bridge | One Bedroom One Bath | 1BR,1BA | $1.30 |
Lake Camelot Apartments | 1 Bedroom Garden | 1BR,1BA | $1.25 |
Oakbrook Village | The Walnut 1B 1BA | 1BR,1BA | $1.47 |
Annhurst | One Bed One Bath | 1BR,1BA | $1.53 |
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.
Pet Friendly LifestyleNew Augusta, Indianapolis, IN
Ranked #103
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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.
Getting Around the New Augusta Neighborhood in Indianapolis, IN
Walk Score®
43 / 100
Car-Dependent
Most errands require a car
Bike Score®
41 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
25 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap New Augusta Apartments
How much is rent for a Cheap One Bedroom New Augusta Apartment?
The lowest price for a Cheap One Bedroom New Augusta Apartment is $785 at Carlton Apartments.
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 $860 at Covered Bridge.
What is the most affordable New Augusta Three Bedroom Apartment?
The best deal on a cheap New Augusta Three Bedroom Apartment rental is at Estates at Crystal Bay and starts from $1,015.
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.

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.