close
View Me
$665Studio Apartments Available Now
4985 N Franklin Rd, Unit 1
4985 N Franklin RdIndianapolis, IN 46226
Cheap Homes for Rent in the Watson Farms Neighborhood of Indianapolis, IN from $1,100 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Watson Farms area of Indianapolis.
close
View Me
$1,079Studio Apartments Available Now
Furnished Studio-Indianapolis - Lawrence
9515 Pendleton PikeIndianapolis, IN 46236
8254 Meadowlark Dr
IndianapolisIN46226
7355 Westchester Dr
LawrenceIN46226
Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.
9410 Meadowlark Dr
IndianapolisIN46235
7315 E 53rd St
IndianapolisIN46226
4601 N Richardt Ave
IndianapolisIN46226
4430 N Longworth Ave
IndianapolisIN46226
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
Showing Results 1-8, 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 | $1,275 | $1,250 | $1,300 |
| Watson Farms 3 Bedroom Homes for Rent | $1,556 | $1,150 | $2,035 |
| Watson Farms 4 Bedroom Homes for Rent | $2,275 | $2,095 | $2,455 |
| Watson Farms 5 Bedroom Homes for Rent | $1,540 | $1,540 | $1,540 |
Browse Homes for Rent in this Neighborhood
There are currently 8 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. Lake Castleton Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $815. 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 |
| Lake Castleton Apartments | Jackson | Studio,1BA | $815 |
| Jamestowne Apartments | Classic | 1BR,1BA | $825 |
Best Value Apartments for Rent in Watson Farms, IN
As of August 05, 2026 the best value apartment in the Watson Farms area is the $1.58 price per square foot Willow Model at The Otis at Fort Ben Apartments in the in the Far Eastside neighborhood starting from $2,099. The second greatest value Watson Farms apartment is the 2 BR / 1.5 BA Model at Shadeland Terrace Townhomes w/Full Basements starting at $1,395 with a $1.07 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Otis at Fort Ben Apartments | Willow | 3BR,2BA | $1.58 |
| Shadeland Terrace Townhomes w/Full Basements | 2 BR / 1.5 BA | 2BR,1.5BA | $1.07 |
| The Lenox Apartment Homes | The Bedford - Renovated | 2BR,2BA | $1.21 |
| 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 BATH | 2BR,1BA | $1.30 |
| Timber Point Apartments | The Ayers | 1BR,1BA | $1.20 |
| The Residences on 56th | Brookhaven | 1BR,1BA | $1.56 |
| Jamestowne Apartments | Classic | 1BR,1BA | $1.17 |
| TGM Shadeland Station | A1 | 1BR,1BA | $1.57 |
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 Article
Quick 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 #154
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 $665 to $3,411. There are also 20 Single Family Homes for rent, Condos, and Townhome rentals currently available in Watson Farms ranging from $1,150 to $2,455.
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 $2,455 with an average monthly rent of $1,629.
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 $1,220 to $3,411, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $2,035. Four Bedroom Single-Family rentals are also available starting from $2,095 and Four Bedroom Apartments start at $1,560.
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
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.
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.
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.
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.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
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.