
Cheap Homes for Rent in Watson Farms Neighborhood of Indianapolis, IN from $1,000 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Watson Farms area of Indianapolis.


4601 N Richardt Ave

7387 E 54th St

7601 Carlton Arms Dr

4708 Payton Ave
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.

6642 E 46th St

7320 E 51st St

4929 Katherine Dr

9431 Pepperidge Dr

7601 Carlton Arms Dr
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.
Watson Farms, Indianapolis, IN Local Guide

How much does it cost to rent a home in Watson Farms?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Watson Farms 2 Bedroom Homes for Rent | $1,416 | $1,050 | $1,950 |
| Watson Farms 3 Bedroom Homes for Rent | $1,610 | $1,215 | $2,085 |
| Watson Farms 4 Bedroom Homes for Rent | $2,335 | $1,875 | $2,870 |
Browse Homes for Rent in this Neighborhood
There are currently 10 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 $725. M Club Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $780. 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 |
| M Club Apartments | S1 | Studio,1BA | $780 |
| Timber Point Apartments | The Ayers | 1BR,1BA | $810 |
Best Value Apartments for Rent in Watson Farms, IN
As of October 27, 2025 the best value apartment in the Watson Farms area is the $1.36 price per square foot Lake Tippecanoe Model at Bayview Club Apartments in the in the Berkley Place neighborhood starting from $1,391. 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. |
|---|---|---|---|
| Bayview Club Apartments | Lake Tippecanoe | 2BR,2BA | $1.36 |
| Benjamin Court | Two Bedroom Two Baths | 2BR,2BA | $1.43 |
| The Life at Harrison Trails | 2 BED 1.5 BATH | 2BR,1.5BA | $1.19 |
| Fountainview Apartments | Vista | 2BR,1BA | $1.42 |
| Harrison Point Apartments | Ruby Reno | 2BR,1BA | $1.53 |
| The Lenox Apartment Homes | 1 Bed 1 Bath Apartment - Renovated | 1BR,1BA | $1.22 |
| Timber Point Apartments | The Ayers | 1BR,1BA | $1.13 |
| The Residences on 56th Street | Brookhaven | 1BR,1BA | $1.56 |
| TGM Shadeland Station | A1 | 1BR,1BA | $1.51 |
| M Club Apartments | S1 | Studio ,1BA | $1.42 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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 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
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Pet Friendly LifestyleWatson Farms, Indianapolis, IN
Ranked #143
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Watson Farms, Indianapolis, IN
School data provided by Great Schools
Frequently Asked Questions about Watson Farms
What type of rentals are currently available in Watson Farms?
There are currently 43 Apartments for Rent in Watson Farms, IN with pricing that ranges from $725 to $2,879. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Watson Farms ranging from $1,050 to $2,870.
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 $1,050 to $2,870 with an average monthly rent of $1,787.
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 $1,170 to $2,879, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,215 to $2,085. Four Bedroom Single-Family rentals are also available starting from $1,875 and Four Bedroom Apartments start at $1,315.
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.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.