Cheap Homes for Rent in Watson Farms Neighborhood of Indianapolis, IN from $1,000 (7 Rentals)

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

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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 Studio unit found at M Club Apartments priced from $709. Franklin Studios has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here are the most affordable Watson Farms apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
M Club ApartmentsS1Studio,1BA$709
Franklin StudiosStudioStudio,1BA$725
Lake CastletonColonial1BR,1BA$826

Best Value Apartments for Rent in Watson Farms, IN

As of September 10, 2025 the best value apartment in the Watson Farms area is the $1.52 price per square foot B3 Model at TGM Shadeland Station in the in the Allisonville neighborhood starting from $1,520. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
TGM Shadeland StationB32BR,2BA$1.52
Benjamin CourtTwo Bedroom Two Baths2BR,2BA$1.43
Fountainview Apartments2BR/1BA2BR,1BA$1.42
Harrison Point ApartmentsRuby Reno2BR,1BA$1.53
Timber Point ApartmentsThe Ashland1BR,1BA$1.19
The Lenox Apartment Homes1 Bed 1 Bath Apartment - Renovated1BR,1BA$1.25
M Club ApartmentsA21BR,1BA$1.41
Harrison Place ApartmentsTyndale1BR,1BA$1.51
The Life at Harrison Trails1 BED 1 BATH B1BR,1BA$1.31
The Residences on 56th StreetBrookhaven1BR,1BA$1.56

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Pet Friendly Lifestyle
Watson Farms, Indianapolis, IN

Ranked #141

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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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 $709 to $3,249. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Watson Farms ranging from $1,025 to $6,500.

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 $6,500 with an average monthly rent of $3,060.

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 $1,295 to $3,249, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,025 to $1,945. Four Bedroom Single-Family rentals are also available starting from $1,250 and Four Bedroom Apartments start at $1,490.

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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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.