
Cheap Homes for Rent in New Augusta Neighborhood of Indianapolis, IN from $400 (2 Rentals)
Search the lowest-cost Homes available for rent right now in the New Augusta area of Indianapolis.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

8056 Pebble Creek Ct
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.
New Augusta, Indianapolis, IN Local Guide

How much does it cost to rent a home in New Augusta?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New Augusta 3 Bedroom Homes for Rent | $1,810 | $1,480 | $2,300 |
| New Augusta 4 Bedroom Homes for Rent | $2,010 | $1,829 | $2,165 |
| New Augusta 5 Bedroom Homes for Rent | $2,110 | $2,110 | $2,110 |
Browse Homes for Rent in this Neighborhood
There are currently 2 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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Best Value Apartments for Rent in New Augusta, IN
As of December 26, 2025 the best value apartment in the New Augusta area is the $1.20 price per square foot 2 Bedroom Townhome Model at Lake Camelot Apartments in the in the Faith Knoll neighborhood starting from $1,318. The second greatest value New Augusta apartment is the Keystone Model at Willow Lake Apartments starting at $1,510 with a $1.38 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. |
|---|---|---|---|
| Lake Camelot Apartments | 2 Bedroom Townhome | 2BR,2BA | $1.20 |
| Willow Lake Apartments | Keystone | 1BR,1BA | $1.38 |
| The Elliott at College Park Apartment Homes | One Bedroom | 1BR,1BA | $1.40 |
| Lakes of Georgetown | D740 | 1BR,1BA | $1.49 |
| Covered Bridge | One Bedroom One Bath | 1BR,1BA | $1.15 |
| The Meridian North and South | A1R North | 1BR,1BA | $1.35 |
| Oakbrook Village | The Walnut 1B 1BA | 1BR,1BA | $1.39 |
| Lakeshore Reserve Off 86th Apartments and Townhomes | One Bedroom | 1BR,1BA | $1.52 |
| Estates at Crystal Bay | One Bedroom One Bath | 1BR,1BA | $1.46 |
| Annhurst | One Bed One Bath | 1BR,1BA | $1.40 |
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleYour 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
Read ArticleQuick 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 #114
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in New Augusta, Indianapolis, IN
School data provided by Great Schools
Frequently Asked Questions about New Augusta
What type of rentals are currently available in New Augusta?
There are currently 35 Apartments for Rent in New Augusta, IN with pricing that ranges from $597 to $2,085. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Augusta ranging from $400 to $2,300.
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 $400 to $2,300 with an average monthly rent of $1,638.
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.
Articles, How-To's, and Tips

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.

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.