Cheap Homes for Rent in Watson Farms Neighborhood of Indianapolis, IN from $700 (13 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

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

Watson Farms

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

property at 4934 N Kenyon Dr

4934 N Kenyon Dr

IndianapolisIN46226

Watson Farms, Indianapolis, IN Local Guide

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 $725. Serenity Park Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $769. Here are the most affordable Watson Farms apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Franklin StudiosStudioStudio,1BA$725
Serenity Park Apartments1 Bedroom 1 Bath1BR,1BA$769
The Life at Harrison Trails1 BED 1 BATH A (LOFT)1BR,1BA$842
Kingston Square ApartmentsThe AshStudio,1BA$879
Lake CastletonCongressional1BR,1BA$896

Best Value Apartments for Rent in Watson Farms, IN

As of April 16, 2025 the best value apartment in the Watson Farms area is the $1.36 price per square foot Beaumont Model at The Residences on 56th Street in the in the Far Eastside neighborhood starting from $1,469. The second greatest value Watson Farms apartment is the 2 Bed 2 Bath Apartment w/Den - Renovated Model at Lenox Apartments starting at $1,186 with a $1.11 price per square foot in the Far Eastside neighborhood. Here is today’s list of the best values for Watson Farms apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Residences on 56th StreetBeaumont3BR,2BA$1.36
Lenox Apartments2 Bed 2 Bath Apartment w/Den - Renovated2BR,2BA$1.11
Fountainview Apartments2BR/1BA2BR,1BA$1.45
Harrison Point ApartmentsRuby Reno2BR,1BA$1.52
Timber Point ApartmentsThe Ashland1BR,1BA$1.13
TGM Shadeland StationA11BR,1BA$1.53
Benjamin CourtOne Bedroom One Bath1BR,1BA$1.55
The Life at Harrison Trails1 BED 1 BATH A (LOFT)1BR,1BA$1.26
M Club ApartmentsA11BR,1BA$1.60
Serenity Park Apartments1 Bedroom 1 Bath1BR,1BA$1.29

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

Frequently Asked Questions about Watson Farms

What type of rentals are currently available in Watson Farms?

There are currently 44 Apartments for Rent in Watson Farms, IN with pricing that ranges from $725 to $3,007. There are also 51 Single Family Homes for rent, Condos, and Townhome rentals currently available in Watson Farms ranging from $700 to $2,550.

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 $700 to $2,550 with an average monthly rent of $1,617.

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 $1,180 to $3,007, while Three Bedroom Homes, Condos, and Townhomes for rent range from $700 to $2,550. Four Bedroom Single-Family rentals are also available starting from $1,650 and Four Bedroom Apartments start at $1,435.

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 Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords & Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords & Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.