Cheap Homes for Rent in New Augusta Neighborhood of Indianapolis, IN from $1,400 (9 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

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

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.

Read Article

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.

Read Article
Showing Results 1-9, 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 $829. Annhurst has the second lowest priced unit, which is a 1 Bed apartment currently listed from $844. Here are the most affordable New Augusta apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Meridian North and SouthA1S North1BR,1BA$829
AnnhurstOne Bed One Bath1BR,1BA$844
Lake Camelot Apartments1 Bedroom Garden1BR,1BA$850

Best Value Apartments for Rent in New Augusta, IN

As of May 29, 2025 the best value apartment in the New Augusta area is the $1.31 price per square foot Three Bedroom 2.5 Bath Townhome Model at Lakeshore Reserve Off 86th Apartments and Townhomes in the in the Spring Arbor neighborhood starting from $1,765. The second greatest value New Augusta apartment is the 2 Bedroom 2 Bathroom Apartment with 1175 Square... Model at Preserve at Willow Springs starting at $1,829 with a $1.56 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.
Lakeshore Reserve Off 86th Apartments and TownhomesThree Bedroom 2.5 Bath Townhome3BR,2.5BA$1.31
Preserve at Willow Springs2 Bedroom 2 Bathroom Apartment with 1175 Square...2BR,2BA$1.56
Willow Lake ApartmentsKeystone1BR,1BA$1.46
Bishop Pond Residences Apartments2 BR 2 BA - 1st Floor2BR,2BA$1.55
Lakes of GeorgetownD7921BR,1BA$1.45
Covered BridgeOne Bedroom One Bath1BR,1BA$1.30
Lake Camelot Apartments1 Bedroom Garden1BR,1BA$1.21
Oakbrook VillageThe Walnut 1B 1BA1BR,1BA$1.47
Estates at Crystal BayOne Bedroom One Bath1BR,1BA$1.52
Westbury CourtDeluxe One Bedroom (AN)1BR,1BA$1.47

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about New Augusta

What type of rentals are currently available in New Augusta?

There are currently 34 Apartments for Rent in New Augusta, IN with pricing that ranges from $405 to $3,212. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Augusta ranging from $1,495 to $2,560.

What is the current price range for Rental Homes in New Augusta?

Today's rental pricing for Homes for Rent, Condos and Townhomes in New Augusta ranges from $1,495 to $2,560 with an average monthly rent of $1,956.

How much are larger Three and Four Bedroom Rentals in New Augusta?

For those who are looking for larger living arrangements, Three Bedroom Apartments in New Augusta range from $1,015 to $2,926, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $2,560. Four Bedroom Single-Family rentals are also available starting from $2,125 and Four Bedroom Apartments start at $1,745.

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.