Cheap Homes for Rent in Berkley Place Neighborhood of Indianapolis, IN from $1,500 (17 Rentals)

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

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 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.

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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.

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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 1 Bed unit found at Lake Castleton priced from $826. Scandia Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $894. Here are the most affordable Berkley Place apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Lake CastletonColonial1BR,1BA$826
Scandia ApartmentsDannenborg1BR,1BA$894
Avery Point ApartmentsFern1BR,1BA$1,002
Woodbridge Castleton1 Bedroom Apartment1BR,1BA$1,004
Waterside at Castleton1x11BR,1BA$1,065

Best Value Apartments for Rent in Berkley Place, IN

As of October 15, 2025 the best value apartment in the Berkley Place area is the $1.13 price per square foot B4 - Townhome Model at Veridian Castleton in the in the Berkley Place neighborhood starting from $1,403. The second greatest value Berkley Place apartment is the 2A-Nickel Plate Model at Sunblest Apartments starting at $1,540 with a $1.28 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Veridian CastletonB4 - Townhome2BR,1.5BA$1.13
Sunblest Apartments2A-Nickel Plate2BR,2BA$1.28
Ivy Knoll Apartments2Bd/2Ba Dn W/D2BR,2BA$1.23
Bayview Club ApartmentsLake James2BR,2BA$1.34
Wellington PlaceLenox2BR,2BA$1.50
The Preserve on Allisonville TownhomesTwo Bedroom Townhome2BR,1.5BA$1.25
Riverbend ApartmentsDublin1BR,1BA$1.39
Scandia ApartmentsTivoli1BR,1BA$1.28
Avery Point ApartmentsJade1BR,1BA$1.44
Woodbridge Castleton1 Bedroom Apartment1BR,1BA$1.44

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Berkley Place, Indianapolis, IN

Ranked #31

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Berkley Place, Indianapolis, IN

School data provided by Great Schools

Frequently Asked Questions about Berkley Place

What type of rentals are currently available in Berkley Place?

There are currently 34 Apartments for Rent in Berkley Place, IN with pricing that ranges from $947 to $3,980. There are also 22 Single Family Homes for rent, Condos, and Townhome rentals currently available in Berkley Place ranging from $1,525 to $2,000.

What is the current price range for Rental Homes in Berkley Place?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Berkley Place ranges from $1,525 to $2,000 with an average monthly rent of $1,775.

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.

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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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.