
Cheap Apartments for Rent in the Farmington Neighborhood of Indianapolis, IN from $700 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in the Farmington area of Indianapolis.


Apartments @ Marten Court

Harrison Point Apartments

Serenity Park Apartments

Kingston Square Apartments

Fountainview Apartments

Spanish Oaks

Country Lake Estates
Farmington
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!
Farmington, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Farmington?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Farmington Studio Apartments | $940 | $735 | $1,789 |
Farmington 1 Bedroom Apartments | $1,311 | $769 | $1,953 |
Farmington 2 Bedroom Apartments | $1,503 | $750 | $2,901 |
Farmington 3 Bedroom Apartments | $1,816 | $1,391 | $2,290 |
Farmington 4 Bedroom Apartments | $1,529 | $1,529 | $1,529 |
Browse Apartments in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Farmington Neighborhood of Indianapolis, IN.
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Farmington, Indianapolis, IN Local Guide
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Cheapest Available Farmington Apartments for Rent
 The cheapest available apartment rental in the Farmington area of Indianapolis, IN is a 1 Bed unit found at Serenity Park Apartments priced from $769. Apartments @ Marten Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $829. Here are the most affordable Farmington apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Serenity Park Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $769 |
Apartments @ Marten Court | 1x1 | 1BR,1BA | $829 |
Kingston Square Apartments | The Ash | Studio,1BA | $879 |
Best Value Apartments for Rent in Farmington, IN
As of March 26, 2025 the best value apartment in the Farmington area is the $1.17 price per square foot 3BR2B -Reserve at Franklin Glen Model at Reserve at Franklin Glen in the in the Southeast Indianapolis neighborhood starting from $1,391. The second greatest value Farmington apartment is the 2x1 with washer/dryer Model at Apartments @ Marten Court starting at $1,055 with a $1.13 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for Farmington apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Reserve at Franklin Glen | 3BR2B -Reserve at Franklin Glen | 3BR,2BA | $1.17 |
Apartments @ Marten Court | 2x1 with washer/dryer | 2BR,1BA | $1.13 |
Kingston Square Apartments | The Maple | 2BR,1.5BA | $1.69 |
Fountainview Apartments | 2BR/1BA | 2BR,1BA | $1.45 |
Harrison Point Apartments | Ruby Reno | 2BR,1BA | $1.52 |
Vineyards Apartments | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.39 |
The Fort Apartments | Monroe | 1BR,1BA | $1.87 |
Country Lake Estates | The Bungalow | 1BR,1BA | $1.64 |
Serenity Park Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.29 |
Spanish Oaks | Studio | Studio ,1BA | $1.86 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleFarmington, Indianapolis, IN
Ranked #182
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Cheap Farmington Apartments
What is a cheap apartment in Farmington?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Farmington is under $1,359.
What is the price of a cheap apartment in Farmington?
The cheapest apartment in Farmington is Serenity Park Apartments which is listed at $769, while the average apartment in Farmington costs $1,750.
What types of apartments are the cheapest in Farmington?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 72 regular apartments in Farmington that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Farmington?
Cheap apartments in Farmington have an average cost of $134 which is $1,616 cheaper than the average rent for all rentals in Farmington.
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.