
Cheap Apartments for Rent in the Augusta Neighborhood of Indianapolis, IN from $400 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the Augusta area of Indianapolis.


6702 Georgetown Rd

Westbury Court

Carlton Apartments

The Meridian North and South
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

King's Reserve College Park - 55+ Senior

Annhurst

Grove on Harcourt

Landmark

7988 N Michigan Rd
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

The Woods of Eagle Creek

Oakbrook Village

Estates at Crystal Bay
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
Augusta - One of the Best Affordable Neighborhoods in Indianapolis
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!
Augusta, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Augusta?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Augusta Studio Apartments | $987 | $799 | $1,592 |
Augusta 1 Bedroom Apartments | $1,128 | $415 | $2,947 |
Augusta 2 Bedroom Apartments | $1,284 | $884 | $3,201 |
Augusta 3 Bedroom Apartments | $1,607 | $1,015 | $3,604 |
Augusta 4 Bedroom Apartments | $2,159 | $1,745 | $2,770 |
Browse Apartments in this Neighborhood
There are currently 21 rentals with your search options within a 2 mile radius of the Augusta Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Augusta, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Augusta Apartments for Rent
 The cheapest available apartment rental in the Augusta area of Indianapolis, IN is a 2 Beds unit found at Covered Bridge priced from $860. Lake Camelot Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here are the most affordable Augusta apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Covered Bridge | Two Bedroom One Bath | 2BR,1BA | $860 |
Lake Camelot Apartments | 1 Bedroom Garden | 1BR,1BA | $875 |
The Meridian North and South | B1S North | 2BR,1BA | $884 |
Annhurst | One Bed One Bath | 1BR,1BA | $895 |
Grove on Harcourt | 1 Bed 1.5 Bath Apartment | 1BR,1BA | $900 |
Best Value Apartments for Rent in Augusta, IN
As of May 12, 2025 the best value apartment in the Augusta area is the $1.31 price per square foot Three Bedroom 2.5 Bath Townhome Model at Lakeshore Reserve Off 86th Apartments and Townhomes in the in the Spring Arbor neighborhood starting from $1,765. The second greatest value Augusta apartment is the The Newburgh Model at Private Reserve Townhomes starting at $1,379 with a $1.07 price per square foot in the Spring Arbor neighborhood. Here is today’s list of the best values for Augusta apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Lakeshore Reserve Off 86th Apartments and Townhomes | Three Bedroom 2.5 Bath Townhome | 3BR,2.5BA | $1.31 |
Private Reserve Townhomes | The Newburgh | 2BR,1.5BA | $1.07 |
Estates at Crystal Bay | Two Bedroom 1.5 Bath Townhouse 1150 sq ft | 2BR,1.5BA | $1.12 |
Grove on Harcourt | 1 Bed 1.5 Bath Apartment w/Den - Premium | 1BR,1.5BA | $1.16 |
The Elliott at College Park Apartment Homes | Two Bedroom 1.5 Bath | 2BR,1.5BA | $1.36 |
Covered Bridge | One Bedroom One Bath | 1BR,1BA | $1.30 |
The Woods of Eagle Creek | The Creek: One Bedroom Apartment | 1BR,1BA | $1.39 |
Lake Camelot Apartments | 1 Bedroom Garden | 1BR,1BA | $1.25 |
Oakbrook Village | The Walnut 1B 1BA | 1BR,1BA | $1.47 |
Grove on 79th | 1 Bed 1 Bath Apartment | 1BR,1BA | $1.39 |
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.
Lifestyle Ratings
Our team is happy to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including Indianapolis. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and the best proximity to parks and outdoor amenities, transit availability, pet-friendly communities, family-friendly amenities, and other valuable search options. These search options are in the site filters at the top of this page.
Getting Around the Augusta Neighborhood in Indianapolis, IN
Walk Score®
39 / 100
Car-Dependent
Most errands require a car
Bike Score®
39 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
24 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Augusta Apartments
How much is rent for a Cheap One Bedroom Augusta Apartment?
The lowest price for a Cheap One Bedroom Augusta Apartment is $875 at Lake Camelot Apartments.
What is the lowest price for a Cheap Two Bedroom Augusta Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Augusta is starting from $860 at Covered Bridge.
What is the most affordable Augusta Three Bedroom Apartment?
The best deal on a cheap Augusta Three Bedroom Apartment rental is at Estates at Crystal Bay and starts from $1,015.
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.

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.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.