close
View Me
$649Studio Apartments Available Now
4985 N Franklin Rd, Unit 1
4985 N Franklin RdIndianapolis, IN 46226
Cheap Homes for Rent in Watson Farms Neighborhood of Indianapolis, IN from $1,100 (17 Rentals)
Search the lowest-cost Homes available for rent right now in the Watson Farms area of Indianapolis.
8218 E 50th St
IndianapolisIN46226
8254 Meadowlark Dr
IndianapolisIN46226
6947 E 48th St
IndianapolisIN46226
7355 Westchester Dr
LawrenceIN46226
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.
7387 E 54th St
LawrenceIN46226
7361 Westchester Dr
IndianapolisIN46226
4430 N Longworth Ave
IndianapolisIN46226
8315 Meadowlark Dr
IndianapolisIN46226
4610 Karen Dr
LawrenceIN46226
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.
4610 Karen Dr
LawrenceIN46226
6602 E 47th St
IndianapolisIN46226
4627 Karen Dr
LawrenceIN46226
4530 Peachwood Ct
IndianapolisIN46235
4929 Katherine Dr
IndianapolisIN46226
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.
4627 Karen Dr
LawrenceIN46226
4601 N Richardt Ave
IndianapolisIN46226
Showing Results 1-17, Page 1 of 1
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 | $1,224 | $1,150 | $1,300 |
| Watson Farms 3 Bedroom Homes for Rent | $1,561 | $1,150 | $2,185 |
| Watson Farms 4 Bedroom Homes for Rent | $2,095 | $2,095 | $2,095 |
| Watson Farms 5 Bedroom Homes for Rent | $3,325 | $1,700 | $4,950 |
Browse Homes for Rent in this Neighborhood
There are currently 17 rentals with your search options within a 2 mile radius of the Watson Farms Neighborhood of Indianapolis, IN.
Explore 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 $665. Timber Point Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $835. 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 |
| Timber Point Apartments | The Ayers | 1BR,1BA | $835 |
| The Life at Harrison Trails | 1 BED 1 BATH A (LOFT) | 1BR,1BA | $842 |
| M Club Apartments | S1 | Studio,1BA | $849 |
| Benjamin Court | One Bedroom One Bath | 1BR,1BA | $944 |
Best Value Apartments for Rent in Watson Farms, IN
As of June 21, 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 | $1.15 |
| Jamestowne Apartments | Classic | 1BR,1BA | $1.38 |
| TGM Shadeland Station | A1 | 1BR,1BA | $1.57 |
| M Club Apartments | S1 | Studio ,1BA | $1.54 |
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 Article
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.
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 #151
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 Watson Farms
What type of rentals are currently available in Watson Farms?
There are currently 40 Apartments for Rent in Watson Farms, IN with pricing that ranges from $649 to $3,352. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Watson Farms ranging from $1,150 to $4,950.
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 $1,150 to $4,950 with an average monthly rent of $2,051.
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 $1,210 to $3,352, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $2,185. Four Bedroom Single-Family rentals are also available starting from $2,095 and Four Bedroom Apartments start at $1,355.
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
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.