close
View Me
$725Studio Apartments Available Now
Franklin Studios
4985 N Franklin RdIndianapolis, IN 46226
Cheap Apartments for Rent in the Watson Farms Neighborhood of Indianapolis, IN from $400 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in the Watson Farms area of Indianapolis.
close
View Me
$806 - $2,173
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$796 - $2,163
Required Monthly Fees
Varies
Total Monthly Price
Varies
M Club Apartments
7007 Courthouse DrIndianapolis, IN 46226
close
View Me
Rent Specials
$819 - $1,599Studio to 3 Bedroom Apartments Available Now
Harrison Point Apartments
9093 Bourbon StIndianapolis, IN 46235
close
View Me
$842 - $1,3221 to 2 Bedroom Apartments Available Now
The Life at Harrison Trails
5350 Cider Mill LnIndianapolis, IN 46226
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.
close
View Me
$845 - $1,505
Total Monthly Price
1 to 4 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$833 - $1,493
Required Monthly Fees
$12
Total Monthly Price
$845 - $1,505
Timber Point Apartments
6201 Newberry RdIndianapolis, IN 46256
close
View Me
1 to 4 Bedroom Apartments
Canterbury House Apartments - Franklin Road
7955 Kingsmead DrIndianapolis, IN 46226
close
View Me
1 to 2 Bedroom Apartments
Peppermill Farms
6830 Mill View DrIndianapolis, IN 46226
close
View Me
1 Bedroom Apartments
Bellagio Living II
8953 Brigadier DrIndianapolis, IN 46226
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.
close
View Me
1 to 2 Bedroom Apartments
Bellagio Living I
9025 El Dorado PlIndianapolis, IN 46236
Showing Results 1-9, 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 | $953 | $725 | $1,177 |
| Watson Farms 1 Bedroom Apartments | $1,262 | $845 | $2,379 |
| Watson Farms 2 Bedroom Apartments | $1,457 | $955 | $2,968 |
| Watson Farms 3 Bedroom Apartments | $1,759 | $1,175 | $3,269 |
| Watson Farms 4 Bedroom Apartments | $1,398 | $1,320 | $1,505 |
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 9 rentals with your search options within a 2 mile radius of the Watson Farms Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Watson Farms, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $725. 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 | $725 |
| The Life at Harrison Trails | 1 BED 1 BATH A (LOFT) | 1BR,1BA | $842 |
| Harrison Point Apartments | Pearl Reno | Studio,1BA | $869 |
Best Value Apartments for Rent in Watson Farms, IN
As of March 23, 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 | $1.40 |
| The Lenox Apartment Homes | The Andover - Upgraded | 1BR,1BA | $1.26 |
| Timber Point Apartments | The Ayers | 1BR,1BA | $1.24 |
| The Life at Harrison Trails | 1 BED 1 BATH B | 1BR,1BA | $1.31 |
| Jamestowne Apartments | Classic | 1BR,1BA | $1.38 |
| The Residences on 56th | Brookhaven | 1BR,1BA | $1.56 |
| M Club Apartments | A1 | 1BR,1BA | $1.33 |
| Harrison Point Apartments | Pearl Reno | Studio ,1BA | $1.58 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
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.
Let everyone know!
Do you know the Watson Farms area?
If you’re an expert on all things Watson Farms, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleWatson Farms, Indianapolis, IN
Ranked #160
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 $725.
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 $985 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 $1,160.
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.
Helpful Local Expert Guides
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.
Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
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.
Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
Articles, How-To's, and Tips
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
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.