Cheap Homes for Rent in Watson Farms Neighborhood of Indianapolis, IN from $1,000 (9 Rentals)

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

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.

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.

Watson Farms, Indianapolis, IN Local Guide

Cheapest Available Watson Farms Apartments for Rent

 

The cheapest available apartment rental in the Watson Farms area of Indianapolis, IN is a 1 Bed unit found at Lake Castleton priced from $826. Timber Point Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $905. Here are the most affordable Watson Farms apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Lake CastletonColonial1BR,1BA$826
Timber Point ApartmentsThe Ayers1BR,1BA$905
Fountainview Apartments1BR/1BA1BR,1BA$925

Best Value Apartments for Rent in Watson Farms, IN

As of July 24, 2025 the best value apartment in the Watson Farms area is the $1.43 price per square foot Two Bedroom Two Baths Model at Benjamin Court in the in the Far Eastside neighborhood starting from $1,380. The second greatest value Watson Farms apartment is the 2BR/1BA Model at Fountainview Apartments starting at $1,225 with a $1.42 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Benjamin CourtTwo Bedroom Two Baths2BR,2BA$1.43
Fountainview Apartments2BR/1BA2BR,1BA$1.42
The Life at Harrison Trails2 BED 1 BATH2BR,1BA$1.49
Harrison Point ApartmentsRuby Reno2BR,1BA$1.54
Lenox Apartments1 Bed 1 Bath Apartment - Upgraded1BR,1BA$1.36
Bayview Club ApartmentsSweetwater Lake1BR,1BA$1.62
M Club ApartmentsA21BR,1BA$1.37
Timber Point ApartmentsThe Ayers1BR,1BA$1.25
The Residences on 56th StreetBrookhaven1BR,1BA$1.56
TGM Shadeland StationA11BR,1BA$1.47

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Frequently Asked Questions about Watson Farms

What type of rentals are currently available in Watson Farms?

There are currently 41 Apartments for Rent in Watson Farms, IN with pricing that ranges from $725 to $3,336. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Watson Farms ranging from $1,025 to $3,800.

What is the current price range for Rental Homes in Watson Farms?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Watson Farms ranges from $1,025 to $3,800 with an average monthly rent of $2,109.

How much are larger Three and Four Bedroom Rentals in Watson Farms?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Watson Farms range from $1,215 to $3,336, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,025 to $2,250. Four Bedroom Single-Family rentals are also available starting from $2,295 and Four Bedroom Apartments start at $1,415.

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.

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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.

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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.