Cheap Apartments for Rent in the Berkley Place Neighborhood of Indianapolis, IN from $300 (22 Rentals)

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

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Berkley Place, Indianapolis, IN Local Guide

Cheapest Available Berkley Place Apartments for Rent

 

The cheapest available apartment rental in the Berkley Place area of Indianapolis, IN is a 2 Beds unit found at Riverbend Apartments priced from $316. Lake Castleton Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $814. Here are the most affordable Berkley Place apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Riverbend ApartmentsPalermo2BR,2BA$316
Lake Castleton ApartmentsLiberty2BR,2BA$814
Scandia ApartmentsDannenborg1BR,1BA$894
Woodbridge Castleton1 Bedroom Apartment1BR,1BA$962
Parkside at Castleton Square Apartments and TownhomesOne Bedroom1BR,1BA$1,045

Best Value Apartments for Rent in Berkley Place, IN

As of December 09, 2025 the best value apartment in the Berkley Place area is the $1.15 price per square foot B4 - Townhome Model at Veridian Castleton in the in the Berkley Place neighborhood starting from $1,428. The second greatest value Berkley Place apartment is the Lake Monroe Model at Bayview Club Apartments starting at $1,625 with a $1.31 price per square foot in the Berkley Place neighborhood. Here is today’s list of the best values for Berkley Place apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Veridian CastletonB4 - Townhome2BR,1.5BA$1.15
Bayview Club ApartmentsLake Monroe3BR,2BA$1.31
Ivy Knoll Apartments2Bd/2Ba Dn W/D2BR,2BA$1.25
Scandia ApartmentsLandsting2BR,2BA$1.09
The Preserve on Allisonville TownhomesTwo Bedroom Townhome2BR,1.5BA$1.41
Metropolitan FishersMaplebrook2BR,2BA$1.41
Sunblest Apartments1A - Nickel Plate1BR,1BA$1.44
Sanctuary at FishersThe Harmony1BR,1BA$1.42
Riverbend ApartmentsAthens1BR,1BA$1.47
Woodbridge Castleton1 Bedroom Apartment1BR,1BA$1.37

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

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Quick Rent Budget Calculator

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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.

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Pet Friendly Lifestyle
Berkley Place, Indianapolis, IN

Ranked #44

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Berkley Place, Indianapolis, IN

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Indianapolis. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and easy access to the parks, kid and pet-friendly communities, availability of transit options, and other valuable search options. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Berkley Place Apartments

What is a cheap apartment in Berkley Place?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Berkley Place is under $1,115.

What is the price of a cheap apartment in Berkley Place?

The cheapest apartment in Berkley Place is Lake Castleton Apartments which is listed at $826, while the average apartment in Berkley Place costs $1,774.

What types of apartments are the cheapest in Berkley Place?

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 47 regular apartments in Berkley Place 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 Berkley Place?

Cheap apartments in Berkley Place have an average cost of $180 which is $1,594 cheaper than the average rent for all rentals in Berkley Place.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!