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$649Studio Apartments Available Now
4985 N Franklin Rd, Unit 1
4985 N Franklin RdIndianapolis, IN 46226
Cheap Apartments for Rent in the Watson Farms Neighborhood of Indianapolis, IN from $400 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in the Watson Farms area of Indianapolis.
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$665 - $725Studio Apartments Available Now
Franklin Studios
4985 N Franklin RdIndianapolis, IN 46226
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Rent Specials
$842 - $1,3221 to 2 Bedroom Apartments Available Now
The Life at Harrison Trails
5350 Cider Mill LnIndianapolis, IN 46226
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$851 - $1,978
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$851 - $1,978
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M Club Apartments
7007 Courthouse DrIndianapolis, IN 46226
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$900 - $1,3701 to 4 Bedroom Apartments Available Now
Timber Point Apartments
6201 Newberry RdIndianapolis, IN 46256
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$925 - $1,2251 to 2 Bedroom Apartments Available Now
Fountainview Apartments
4800 N Post RdIndianapolis, IN 46226
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$944 - $1,3801 to 2 Bedroom Apartments Available Now
Benjamin Court
5810 Lee RdIndianapolis, IN 46216
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Rent Specials
$959 - $1,5991 to 3 Bedroom Apartments Available Now
Harrison Point Apartments
9093 Bourbon StIndianapolis, IN 46235
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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$975 - $1,5501 to 3 Bedroom Apartments Available Now
Jamestowne Apartments
8917 Duxbury RdIndianapolis, IN 46226
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$980 - $1,654
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$980 - $1,654
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$980 - $1,654
Lake Castleton Apartments
7601 Carlton Arms DrIndianapolis, IN 46256
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$1,069 - $1,2991 to 2 Bedroom Apartments Available Now
The Lenox Apartment Homes
5421 Calder WayIndianapolis, IN 46226
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$1,099 - $1,5851 to 3 Bedroom Apartments Available Now
The Residences on 56th
6800 Brendon Way W DrIndianapolis, IN 46226
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$1,099 - $1,7901 to 2 Bedroom Apartments Available Now
TGM Shadeland Station
7135 Thatcher DrIndianapolis, IN 46256
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$1,187 - $3,3651 to 3 Bedroom Apartments Available Now
Bayview Club Apartments
7545 Bayview Club DrIndianapolis, IN 46250
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$1,292 - $3,2311 to 3 Bedroom Apartments Available Now
Harrison Place Apartments
5812 Beatle DrIndianapolis, IN 46216
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$1,309 - $2,255
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,309 - $2,255
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$1,309 - $2,255
The Otis at Fort Ben Apartments
9310 Otis AveIndianapolis, IN 46216
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.
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$1,395 - $1,4502 to 3 Bedroom Apartments Available Now
Shadeland Terrace Townhomes w/Full Basements
4620 Englewood AveIndianapolis, IN 46226
6602 E 47th St
IndianapolisIN46226
4601 N Richardt Ave
IndianapolisIN46226
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1 to 4 Bedroom Apartments
Canterbury House Apartments - Franklin Road
7955 Kingsmead DrIndianapolis, IN 46226
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1 to 2 Bedroom Apartments
Peppermill Farms
6830 Mill View DrIndianapolis, IN 46226
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1 Bedroom Apartments
Bellagio Living II
8953 Brigadier DrIndianapolis, IN 46226
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1 to 2 Bedroom Apartments
Bellagio Living I
9025 El Dorado PlIndianapolis, IN 46236
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1 to 2 Bedroom Apartments
Lawrence Glen
8633 E 46th StIndianapolis, IN 46226
Cash 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.
8218 E 50th St
IndianapolisIN46226
8254 Meadowlark Dr
IndianapolisIN46226
6947 E 48th St
IndianapolisIN46226
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1 to 3 Bedroom Apartments
The Fort Apartments
9230 Memorial Park DrIndianapolis, IN 46216
7361 Westchester Dr
IndianapolisIN46226
4430 N Longworth Ave
IndianapolisIN46226
8315 Meadowlark Dr
IndianapolisIN46226
4530 Peachwood Ct
IndianapolisIN46235
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.
4929 Katherine Dr
IndianapolisIN46226
8956 Brigadier Dr
LawrenceIN46226
7387 E 54th St
LawrenceIN46226
4610 Karen Dr
LawrenceIN46226
4627 Karen Dr
LawrenceIN46226
7355 Westchester Dr
LawrenceIN46226
4610 Karen Dr
LawrenceIN46226
4627 Karen Dr
LawrenceIN46226
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
Showing Results 1-40, Page 1 of 1
Watson Farms, Indianapolis, IN Local Guide
How much does it cost to rent an apartment in Watson Farms?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Watson Farms Studio Apartments | $1,000 | $649 | $1,649 |
| Watson Farms 1 Bedroom Apartments | $1,205 | $807 | $2,450 |
| Watson Farms 2 Bedroom Apartments | $1,455 | $960 | $3,231 |
| Watson Farms 3 Bedroom Apartments | $1,735 | $1,195 | $3,365 |
| Watson Farms 4 Bedroom Apartments | $1,370 | $1,370 | $1,370 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 40 rentals with your search options within a 2 mile radius of the Watson Farms Neighborhood of Indianapolis, IN.
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Watson Farms, Indianapolis, IN Local Guide
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Cheapest Available Watson Farms Apartments for Rent
The cheapest available apartment rental in the Watson Farms area of Indianapolis, IN is a Studio unit found at Franklin Studios priced from $665. The Life at Harrison Trails has the second lowest priced unit, which is a 1 Bed apartment currently listed from $842. Here are the most affordable Watson Farms apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Franklin Studios | Studio | Studio,1BA | $665 |
| The Life at Harrison Trails | 1 BED 1 BATH A (LOFT) | 1BR,1BA | $842 |
| M Club Apartments | A1 | 1BR,1BA | $851 |
| Timber Point Apartments | The Ayers | 1BR,1BA | $900 |
| Benjamin Court | One Bedroom One Bath | 1BR,1BA | $944 |
| Jamestowne Apartments | Classic | 1BR,1BA | $975 |
| Lake Castleton Apartments | Congressional | 1BR,1BA | $980 |
| The Lenox Apartment Homes | The Andover - Upgraded | 1BR,1BA | $1,069 |
| The Residences on 56th | Brookhaven | 1BR,1BA | $1,099 |
| TGM Shadeland Station | A1 | 1BR,1BA | $1,099 |
Best Value Apartments for Rent in Watson Farms, IN
As of June 19, 2026 the best value apartment in the Watson Farms area is the $1.07 price per square foot 2 BR / 1.5 BA Model at Shadeland Terrace Townhomes w/Full Basements in the in the Southeast Indianapolis neighborhood starting from $1,395. The second greatest value Watson Farms apartment is the Two Bedroom Two Baths Model at Benjamin Court starting at $1,380 with a $1.43 price per square foot in the Far Eastside neighborhood. Here is today’s list of the best values for Watson Farms apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Shadeland Terrace Townhomes w/Full Basements | 2 BR / 1.5 BA | 2BR,1.5BA | $1.07 |
| Benjamin Court | Two Bedroom Two Baths | 2BR,2BA | $1.43 |
| Fountainview Apartments | Vista | 2BR,1BA | $1.42 |
| The Life at Harrison Trails | 2 BED 1 BATH | 2BR,1BA | $1.30 |
| Harrison Point Apartments | Ruby Reno | 2BR,1BA | $1.47 |
| The Lenox Apartment Homes | The Andover - Upgraded | 1BR,1BA | $1.34 |
| Timber Point Apartments | The Ayers | 1BR,1BA | $1.24 |
| Jamestowne Apartments | Classic | 1BR,1BA | $1.38 |
| TGM Shadeland Station | A1 | 1BR,1BA | $1.57 |
| M Club Apartments | S1 | Studio ,1BA | $1.57 |
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
Read ArticleReal 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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Pet Friendly LifestyleWatson Farms, Indianapolis, IN
Ranked #152
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Watson Farms, Indianapolis, IN
School data provided by Great Schools
Frequently Asked Questions about Cheap Watson Farms Apartments
What is the Cheapest Studio apartment in Watson Farms?
Currently the most affordable Cheap Studio Apartment in Watson Farms is at Franklin Studios listed at $665.
How much is rent for a Cheap One Bedroom Watson Farms Apartment?
The lowest price for a Cheap One Bedroom Watson Farms Apartment is $842 at The Life at Harrison Trails.
What is the lowest price for a Cheap Two Bedroom Watson Farms Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Watson Farms is starting from $960 at Timber Point Apartments.
What is the most affordable Watson Farms Three Bedroom Apartment?
The best deal on a cheap Watson Farms Three Bedroom Apartment rental is at Timber Point Apartments and starts from $1,195.
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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