Cheap Apartments for Rent in the Kensington Farms Neighborhood of Indianapolis, IN from $600 (15 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

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.

close
View Me
Jamestowne Apartments
2 Bedroom Apartments

Jamestowne Apartments

8917 Duxbury RdIndianapolis, IN 46226
  • Utilities Included
close
View Me
Maison Gardens
1 to 3 Bedroom Apartments

Maison Gardens

8808 Rue Madeleine RueIndianapolis, IN 46226

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.

close
View Me
Maplewood
3 Bedroom Apartments

Maplewood

12451 Pendleton PikeIndianapolis, IN 46236
  • Utilities Included
close
View Me
Lawrence Glen
1 to 2 Bedroom Apartments

Lawrence Glen

8633 E 46th StIndianapolis, IN 46226

Kensington Farms - 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!

Kensington Farms, Indianapolis, IN Local Guide

Cheapest Available Kensington Farms Apartments for Rent

 

The cheapest available apartment rental in the Kensington Farms area of Indianapolis, IN is a Studio unit found at Franklin Studios priced from $725. The Life at Harrison Trails has the second lowest priced unit, which is a 1 Bed apartment currently listed from $842. Here are the most affordable Kensington Farms apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Franklin StudiosStudioStudio,1BA$725
The Life at Harrison Trails1 BED 1 BATH A (LOFT)1BR,1BA$842
Fountainview Apartments1BR/1BA1BR,1BA$925
Apartments @ Marten Court1x11BR,1BA$925
Timber Point ApartmentsThe Ashland1BR,1BA$935

Best Value Apartments for Rent in Kensington Farms, IN

As of May 10, 2025 the best value apartment in the Kensington Farms area is the $1.43 price per square foot B3 Waterside Full Model at THE GRANDE RESERVE AT GEIST in the in the Oaklandon neighborhood starting from $1,741. The second greatest value Kensington Farms apartment is the 2x1 with washer/dryer Model at Apartments @ Marten Court starting at $1,150 with a $1.23 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for Kensington Farms apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
THE GRANDE RESERVE AT GEISTB3 Waterside Full2BR,2BA$1.43
Apartments @ Marten Court2x1 with washer/dryer2BR,1BA$1.23
Reserve at Franklin Glen2BR2B- Reserve at Franklin Glen2BR,2BA$1.31
Carriage House East2 Bedroom Apartment Optimism2BR,1BA$1.18
Fountainview Apartments2BR/1BA2BR,1BA$1.42
Harrison Point ApartmentsRuby Reno2BR,1BA$1.52
Timber Point ApartmentsThe Ashland1BR,1BA$1.13
TGM Shadeland StationA11BR,1BA$1.53
The Life at Harrison Trails1 BED 1 BATH A (LOFT)1BR,1BA$1.26
Vineyards Apartments1 Bedroom Apartment1BR,1BA$1.40

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Kensington Farms, Indianapolis, IN

Ranked #140

Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Lifestyle Ratings

Our team of engineers and researchers is proud to bring you Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Northeast Indianapolis, IN. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for the best proximity to parks and outdoor amenities, luxury housing options, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Kensington Farms Apartments

What is a cheap apartment in Kensington Farms?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Kensington Farms is under $1,066.

What is the price of a cheap apartment in Kensington Farms?

The cheapest apartment in Kensington Farms is The Life at Harrison Trails which is listed at $842, while the average apartment in Kensington Farms costs $1,920.

What types of apartments are the cheapest in Kensington Farms?

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 8 regular apartments in Kensington Farms 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 Kensington Farms?

Cheap apartments in Kensington Farms have an average cost of $543 which is $1,377 cheaper than the average rent for all rentals in Kensington Farms.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

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.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

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.