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$665Studio 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 (29 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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$815 - $1,501
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$815 - $1,501
Total Monthly Price
$815 - $1,501
Lake Castleton Apartments
7601 Carlton Arms DrIndianapolis, IN 46256
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$819 - $1,299Studio to 2 Bedroom Apartments Available Aug 14
Harrison Point Apartments
9093 Bourbon StIndianapolis, IN 46235
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$825 - $1,5501 to 3 Bedroom Apartments Available Now
Jamestowne Apartments
8917 Duxbury RdIndianapolis, IN 46226
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$842 - $1,3221 to 2 Bedroom Apartments Available Now
The Life at Harrison Trails
5350 Cider Mill LnIndianapolis, IN 46226
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$875 - $1,4651 to 4 Bedroom Apartments Available Now
Timber Point Apartments
6201 Newberry RdIndianapolis, IN 46256
Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.
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$888 - $2,116
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$888 - $2,116
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M Club Apartments
7007 Courthouse DrIndianapolis, IN 46226
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$925 - $1,2501 to 2 Bedroom Apartments Available Aug 14
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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$1,050 - $1,8791 to 3 Bedroom Apartments Available Now
The Residences on 56th
6800 Brendon Way W DrIndianapolis, IN 46226
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$1,079Studio Apartments Available Now
Furnished Studio-Indianapolis - Lawrence
9515 Pendleton PikeIndianapolis, IN 46236
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$1,089 - $1,3191 to 2 Bedroom Apartments Available Now
The Lenox Apartment Homes
5421 Calder WayIndianapolis, IN 46226
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$1,099 - $1,7901 to 2 Bedroom Apartments Available Now
TGM Shadeland Station
7135 Thatcher DrIndianapolis, IN 46256
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$1,157 - $3,4221 to 3 Bedroom Apartments Available Now
Harrison Place Apartments
5812 Beatle DrIndianapolis, IN 46216
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$1,211 - $2,8721 to 3 Bedroom Apartments Available Now
Bayview Club Apartments
7545 Bayview Club DrIndianapolis, IN 46250
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
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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1 to 2 Bedroom Apartments
Lawrence Glen
8633 E 46th StIndianapolis, IN 46226
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1 to 3 Bedroom Apartments
The Fort Apartments
9230 Memorial Park DrIndianapolis, IN 46216
8254 Meadowlark Dr
IndianapolisIN46226
9410 Meadowlark Dr
IndianapolisIN46235
7315 E 53rd St
IndianapolisIN46226
4430 N Longworth Ave
IndianapolisIN46226
8929 Brigadier Dr
LawrenceIN46226
Watson Farms - 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!
7355 Westchester Dr
LawrenceIN46226
Showing Results 1-29, 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 | $874 | $665 | $1,079 |
| Watson Farms 1 Bedroom Apartments | $1,145 | $825 | $2,259 |
| Watson Farms 2 Bedroom Apartments | $1,424 | $950 | $3,014 |
| Watson Farms 3 Bedroom Apartments | $1,790 | $1,220 | $3,422 |
| Watson Farms 4 Bedroom Apartments | $1,540 | $1,465 | $1,615 |
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 29 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. Lake Castleton Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $815. 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 |
| Lake Castleton Apartments | Jackson | Studio,1BA | $815 |
| Jamestowne Apartments | Classic | 1BR,1BA | $825 |
| The Life at Harrison Trails | 1 BED 1 BATH A (LOFT) | 1BR,1BA | $842 |
| Timber Point Apartments | The Ayers | 1BR,1BA | $875 |
| M Club Apartments | A1 | 1BR,1BA | $888 |
| Benjamin Court | One Bedroom One Bath | 1BR,1BA | $944 |
| The Residences on 56th | Brendonwood | 1BR,1BA | $1,050 |
| The Fort Apartments | Monroe | 1BR,1BA | $1,067 |
| TGM Shadeland Station | A1 | 1BR,1BA | $1,099 |
Best Value Apartments for Rent in Watson Farms, IN
As of August 04, 2026 the best value apartment in the Watson Farms area is the $1.58 price per square foot Willow Model at The Otis at Fort Ben Apartments in the in the Far Eastside neighborhood starting from $2,099. The second greatest value Watson Farms apartment is the 2 BR / 1.5 BA Model at Shadeland Terrace Townhomes w/Full Basements starting at $1,395 with a $1.07 price per square foot in the Southeast Indianapolis 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. |
|---|---|---|---|
| The Otis at Fort Ben Apartments | Willow | 3BR,2BA | $1.58 |
| Shadeland Terrace Townhomes w/Full Basements | 2 BR / 1.5 BA | 2BR,1.5BA | $1.07 |
| Bayview Club Apartments | Lake Monroe | 3BR,2BA | $1.37 |
| The Lenox Apartment Homes | The Bedford - Renovated | 2BR,2BA | $1.21 |
| Benjamin Court | Two Bedroom Two Baths | 2BR,2BA | $1.43 |
| The Life at Harrison Trails | 2 BED 1 BATH | 2BR,1BA | $1.30 |
| Timber Point Apartments | The Ayers | 1BR,1BA | $1.21 |
| The Residences on 56th | Brookhaven | 1BR,1BA | $1.56 |
| Jamestowne Apartments | Classic | 1BR,1BA | $1.17 |
| TGM Shadeland Station | A1 | 1BR,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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Pet Friendly LifestyleWatson Farms, Indianapolis, IN
Ranked #153
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 a cheap apartment in Watson Farms?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Watson Farms is under $1,099.
What is the price of a cheap apartment in Watson Farms?
The cheapest apartment in Watson Farms is Jamestowne Apartments which is listed at $825, while the average apartment in Watson Farms costs $1,253.
What types of apartments are the cheapest in Watson Farms?
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 5 regular apartments in Watson Farms 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 Watson Farms?
Cheap apartments in Watson Farms have an average cost of $103 which is $1,150 cheaper than the average rent for all rentals in Watson Farms.
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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Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
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Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
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My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.
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