
Cheap Apartments for Rent in the Berkley Place Neighborhood of Indianapolis, IN from $400 (31 Rentals)
Search the lowest-cost Apartments available for rent right now in the Berkley Place area of Indianapolis.


Total Monthly Price
Retreat at Riverbend Apartment Homes

Woodbridge Castleton

Total Monthly Price
Lake Castleton Apartments

TGM Autumn Woods

The Masters Apartments

Scandia Apartments
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Avery Point Apartments

Woods of Castleton

Waterside at Castleton

Parkside at Castleton Square Apartments and Townhomes

Lakeshore Apartments

River Ridge Apartments

Bayview Club Apartments
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Castle Creek Apartments

Ivy Knoll Apartments

The Preserve on Allisonville Townhomes

Flats at Switch

Bella Vista Apartments

Metropolitan Fishers

Sanctuary at Fishers
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Sunblest Apartments

Lantern Woods Apartments

The Mark at Fishers District

Pullman Pointe

Nickel Plate Station

Wellington Place

Depot at Nickel Plate
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

River Place Flats

The State at Fishers Apartments

The Union Flats at Fishers District
Berkley Place, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Berkley Place?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Berkley Place Studio Apartments | $1,398 | $1,031 | $2,009 |
| Berkley Place 1 Bedroom Apartments | $1,403 | $949 | $2,363 |
| Berkley Place 2 Bedroom Apartments | $1,681 | $1,197 | $3,980 |
| Berkley Place 3 Bedroom Apartments | $2,334 | $1,565 | $4,060 |
| Berkley Place 4 Bedroom Apartments | $3,675 | $3,625 | $3,725 |
Browse Apartments in this Neighborhood
There are currently 31 rentals with your search options within a 2 mile radius of the Berkley Place Neighborhood of Indianapolis, IN.
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Berkley Place, Indianapolis, IN Local Guide
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Cheapest Available Berkley Place Apartments for Rent
 The cheapest available apartment rental in the Berkley Place area of Indianapolis, IN is a 1 Bed unit found at Retreat at Riverbend Apartment Homes priced from $949. Woodbridge Castleton has the second lowest priced unit, which is a 1 Bed apartment currently listed from $972. Here are the most affordable Berkley Place apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Retreat at Riverbend Apartment Homes | Harmony | 1BR,1BA | $949 |
| Woodbridge Castleton | 1 Bedroom Apartment | 1BR,1BA | $972 |
| Lake Castleton Apartments | Congressional | 1BR,1BA | $980 |
| TGM Autumn Woods | A1 | 1BR,1BA | $999 |
| Woods of Castleton | 1 bed/1 bath Up | 1BR,1BA | $1,065 |
| Waterside at Castleton | 1x1 Ext | 1BR,1BA | $1,075 |
| Avery Point Apartments | Jade | 1BR,1BA | $1,082 |
| Parkside at Castleton Square Apartments and Townhomes | One Bedroom | 1BR,1BA | $1,100 |
| Veridian Castleton | B3 | 2BR,2BA | $1,129 |
| Scandia Apartments | Tivoli | 1BR,1BA | $1,144 |
Best Value Apartments for Rent in Berkley Place, IN
As of May 30, 2026 the best value apartment in the Berkley Place area is the $1.18 price per square foot B4 - Townhome Model at Veridian Castleton in the in the Berkley Place neighborhood starting from $1,470. The second greatest value Berkley Place apartment is the 2Bd/2Ba Dn W/D Model at Ivy Knoll Apartments starting at $1,419 with a $1.19 price per square foot in the Roxbury neighborhood. Here is today’s list of the best values for Berkley Place apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Veridian Castleton | B4 - Townhome | 2BR,1.5BA | $1.18 |
| Ivy Knoll Apartments | 2Bd/2Ba Dn W/D | 2BR,2BA | $1.19 |
| Wellington Place | Lenox | 2BR,2BA | $1.50 |
| The Masters Apartments | Two Bedroom - Muirfield II | 2BR,2BA | $1.28 |
| TGM Autumn Woods | B1 | 2BR,1BA | $1.41 |
| Sunblest Apartments | 1B - Mudsock | 1BR,1BA | $1.47 |
| Avery Point Apartments | Fern | 1BR,1BA | $1.48 |
| Scandia Apartments | Tivoli | 1BR,1BA | $1.34 |
| Woodbridge Castleton | 1 Bedroom Apartment | 1BR,1BA | $1.38 |
| Waterside at Castleton | 1x1 Ext | 1BR,1BA | $1.54 |
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.
Read ArticleYour Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Best Local Schools in Berkley Place, Indianapolis, IN
Mary Evelyn Castle Elementary School
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 $1,144.
What is the price of a cheap apartment in Berkley Place?
The cheapest apartment in Berkley Place is Woodbridge Castleton which is listed at $972, while the average apartment in Berkley Place costs $3,675.
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 36 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 $197 which is $3,478 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.
Helpful Local Expert Guides

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis
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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
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Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
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Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
Articles, How-To's, and Tips

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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much
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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.