Cheap Apartments for Rent in the Kensington Farms Neighborhood of Indianapolis, IN from $600 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Kensington Farms area of Indianapolis.

Harrison Point Apartments

Carriage House East
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.

Timber Point Apartments

Vineyards Apartments

Fountainview Apartments
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.

Apartments @ Marten Court
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.

Canterbury House Apartments - Franklin Road
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!

Discover the Best of Lawrence Living at Bellagio Living

Bellagio Living ? - 9025 El Dorado Drive
Kensington Farms, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Kensington Farms?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Kensington Farms Studio Apartments | $751 | $725 | $829 |
Kensington Farms 1 Bedroom Apartments | $1,227 | $846 | $1,769 |
Kensington Farms 2 Bedroom Apartments | $1,383 | $1,005 | $1,990 |
Kensington Farms 3 Bedroom Apartments | $1,761 | $1,195 | $2,350 |
Kensington Farms 4 Bedroom Apartments | $1,871 | $1,455 | $2,349 |
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 3 mile radius of the Kensington Farms Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Kensington Farms, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Franklin Studios | Studio | Studio,1BA | $725 |
The Life at Harrison Trails | 1 BED 1 BATH A (LOFT) | 1BR,1BA | $842 |
Fountainview Apartments | 1BR/1BA | 1BR,1BA | $925 |
Apartments @ Marten Court | 1x1 | 1BR,1BA | $925 |
Timber Point Apartments | The Ashland | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
THE GRANDE RESERVE AT GEIST | B3 Waterside Full | 2BR,2BA | $1.43 |
Apartments @ Marten Court | 2x1 with washer/dryer | 2BR,1BA | $1.23 |
Reserve at Franklin Glen | 2BR2B- Reserve at Franklin Glen | 2BR,2BA | $1.31 |
Carriage House East | 2 Bedroom Apartment Optimism | 2BR,1BA | $1.18 |
Fountainview Apartments | 2BR/1BA | 2BR,1BA | $1.42 |
Harrison Point Apartments | Ruby Reno | 2BR,1BA | $1.52 |
Timber Point Apartments | The Ashland | 1BR,1BA | $1.13 |
TGM Shadeland Station | A1 | 1BR,1BA | $1.53 |
The Life at Harrison Trails | 1 BED 1 BATH A (LOFT) | 1BR,1BA | $1.26 |
Vineyards Apartments | 1 Bedroom Apartment | 1BR,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.
Pet Friendly LifestyleKensington Farms, Indianapolis, IN
Ranked #140
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Kensington Farms, Indianapolis, IN
School data provided by Great Schools
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.

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.