
Cheap Apartments for Rent in the Castle Knoll Farms Neighborhood of Indianapolis, IN from $432 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in the Castle Knoll Farms area of Indianapolis.


River Road Apartments

Veridian Castleton

Avery Point Apartments

TGM Autumn Woods

Woods of Castleton

Woodbridge Castleton

Parkside at Castleton Square Apartments and Townhomes
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Waterside at Castleton

TGM Shadeland Station

The Masters Apartments

Total Monthly Price
Retreat at Riverbend

Scandia Apartments

Lakeshore Apartments

River Crossing

Furnished Studio-Indianapolis - Castleton
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Castle Creek Apartments

Bayview Club Apartments

Lake Clearwater Apartments

Ivy Knoll Apartments

82 Flats

The Preserve on Allisonville Townhomes

Quarry at River North
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Encore Binford

8585 Fairway Trail

6655 Fairway Ave

Sycamore Reserve Senior Living

8570 Fairway Trail

Metropolitan Fishers

Sanctuary at Fishers

Bella Vista Apartments
Castle Knoll 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!

The State at Fishers Apartments

Wellington Place

Pullman Pointe

Lantern Woods Apartments

Total Monthly Price
District South

River Place Flats

SouthPointe Village Apartments

Ritchey Reserve
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Castle Knoll Farms, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Castle Knoll Farms?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Castle Knoll Farms Studio Apartments | $1,054 | $815 | $1,314 |
| Castle Knoll Farms 1 Bedroom Apartments | $1,383 | $880 | $2,491 |
| Castle Knoll Farms 2 Bedroom Apartments | $1,582 | $1,100 | $2,989 |
| Castle Knoll Farms 3 Bedroom Apartments | $1,992 | $1,626 | $3,267 |
Browse Apartments in this Neighborhood
There are currently 40 rentals with your search options within a 2 mile radius of the Castle Knoll Farms Neighborhood of Indianapolis, IN.
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Castle Knoll Farms, Indianapolis, IN Local Guide
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Cheapest Available Castle Knoll Farms Apartments for Rent
 The cheapest available apartment rental in the Castle Knoll Farms area of Indianapolis, IN is a Studio unit found at Lake Castleton Apartments priced from $815. River Road Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $880. Here are the most affordable Castle Knoll Farms apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lake Castleton Apartments | Jackson | Studio,1BA | $815 |
| River Road Apartments | Villa | 1BR,1BA | $880 |
| Avery Point Apartments | Emerald | 1BR,1BA | $1,013 |
| TGM Autumn Woods | A1 | 1BR,1BA | $1,020 |
| Woods of Castleton | 1 bed/1 bath Up | 1BR,1BA | $1,045 |
| Parkside at Castleton Square Apartments and Townhomes | One Bedroom | 1BR,1BA | $1,060 |
| TGM Shadeland Station | A1 | 1BR,1BA | $1,099 |
| Veridian Castleton | B1 | 2BR,1BA | $1,108 |
| Retreat at Riverbend | Radiance | 1BR,1BA | $1,118 |
| Woodbridge Castleton | 2 Bedroom Apartment | 2BR,1BA | $1,139 |
Best Value Apartments for Rent in Castle Knoll Farms, IN
As of September 12, 2026 the best value apartment in the Castle Knoll Farms 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 Castle Knoll Farms apartment is the 2Bd/2Ba Dn W/D Model at Ivy Knoll Apartments starting at $1,399 with a $1.17 price per square foot in the Roxbury neighborhood. Here is today’s list of the best values for Castle Knoll Farms 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 | $1.17 |
| The Masters Apartments | Two Bedroom - Muirfield II | 2BR,2BA | $1.30 |
| Woodbridge Castleton | 2 Bedroom Townhome | 2BR,1.5BA | $1.39 |
| Sanctuary at Fishers | The Harmony | 1BR,1BA | $1.40 |
| Metropolitan Fishers | Deerbrook | 1BR,1BA | $1.44 |
| Waterside at Castleton | 2x1 | 2BR,1BA | $1.47 |
| Scandia Apartments | Tivoli | 1BR,1BA | $1.46 |
| Avery Point Apartments | Emerald | 1BR,1BA | $1.41 |
| TGM Autumn Woods | A1 | 1BR,1BA | $1.44 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
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Read ArticleYour Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
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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.
Pet Friendly LifestyleCastle Knoll Farms, Indianapolis, IN
Ranked #52
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Castle Knoll Farms, Indianapolis, IN
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Northeastern Indianapolis, IN. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, pet-friendly features, places to raise kids, proximity to transit, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Castle Knoll Farms Apartments
What is a cheap apartment in Castle Knoll Farms?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Castle Knoll Farms is under $1,139.
What is the price of a cheap apartment in Castle Knoll Farms?
The cheapest apartment in Castle Knoll Farms is River Road Apartments which is listed at $880, while the average apartment in Castle Knoll Farms costs $1,427.
What types of apartments are the cheapest in Castle Knoll 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 38 regular apartments in Castle Knoll 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 Castle Knoll Farms?
Cheap apartments in Castle Knoll Farms have an average cost of $226 which is $1,201 cheaper than the average rent for all rentals in Castle Knoll Farms.
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

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.

Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
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.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.