Cheap Apartments for Rent in the New Augusta Neighborhood of Indianapolis, IN from $500 (38 Rentals)

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

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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
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Lake Camelot Apartments
1 to 3 Bedroom Apartments

Lake Camelot Apartments

6475 Excalibur CtIndianapolis, IN 46268
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Oakbrook Village
1 to 3 Bedroom Apartments

Oakbrook Village

6098 Georgetown RdIndianapolis, IN 46254

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

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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Lakes of Georgetown
1 to 3 Bedroom Apartments

Lakes of Georgetown

6335 Sandyside DrIndianapolis, IN 46268
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Crooked Creek
1 to 2 Bedroom Apartments

Crooked Creek

3947 Point Bar RdIndianapolis, IN 46268

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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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 Carlton Apartments priced from $810. The Meridian North and South has the second lowest priced unit, which is a Studio apartment currently listed from $814. Here are the most affordable New Augusta apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Carlton ApartmentsVilla1BR,1BA$810
The Meridian North and SouthS1R SouthStudio,1BA$814
Estates at Crystal BayOne Bedroom One Bath1BR,1BA$865
Enclave Park 100The EnclaveStudio,1BA$899
Oakbrook VillageThe Walnut 1B 1BA1BR,1BA$946
Westbury CourtDeluxe One Bedroom (AN)1BR,1BA$966
King's Reserve College Park 55+ Active LivingStudio AlcoveStudio,1BA$1,025
The Towers at Crooked Creek Senior Housing1BD1BR,1BA$1,045
Lakeshore Reserve Off 86th Apartments and TownhomesOne Bedroom1BR,1BA$1,050
Oak Lake at Crooked CreekCanopy1BR,1BA$1,062

Best Value Apartments for Rent in New Augusta, IN

As of August 04, 2026 the best value apartment in the New Augusta area is the $1.13 price per square foot Westfield Model at Willow Lake Apartments in the in the Spring Arbor neighborhood starting from $1,980. The second greatest value New Augusta apartment is the Pebble Creek LUX - 1 Bed, 1.5 Baths, Den Model at The Spring Waterside Luxury Apartments starting at $1,629 with a $1.63 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Willow Lake ApartmentsWestfield2BR,2.5BA$1.13
The Spring Waterside Luxury ApartmentsPebble Creek LUX - 1 Bed, 1.5 Baths, Den1BR,1.5BA$1.63
The Elliott at College Park Apartment HomesTwo Bedroom 1.5 Bath2BR,1.5BA$1.33
Bishop Pond Apartments2 Bedrooms, 2 Bathrooms2BR,2BA$1.55
Lakes of GeorgetownD7401BR,1BA$1.52
Oakbrook VillageThe Willow 1B 1BB1BR,1BA$1.41
The Villages of Bent Tree ApartmentsThe Hickory - 1 Bedroom 1 Bath1BR,1BA$1.61
Lakeshore Reserve Off 86th Apartments and TownhomesOne Bedroom1BR,1BA$1.56
Estates at Crystal BayOne Bedroom One Bath1BR,1BA$1.33
Westbury CourtDeluxe One Bedroom (AN)1BR,1BA$1.60

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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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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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 a cheap apartment in New Augusta?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in New Augusta is under $1,062.

What is the price of a cheap apartment in New Augusta?

The cheapest apartment in New Augusta is Carlton Apartments which is listed at $810, while the average apartment in New Augusta costs $1,135.

What types of apartments are the cheapest in New Augusta?

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 4 regular apartments in New Augusta 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 New Augusta?

Cheap apartments in New Augusta have an average cost of $119 which is $1,016 cheaper than the average rent for all rentals in New Augusta.

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.

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