Cheap Apartments for Rent in the Castle Knoll Farms Neighborhood of Indianapolis, IN from $700 (23 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Castle Knoll Farms area of Indianapolis.

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Castle Knoll Farms, Indianapolis, IN Local Guide

Cheapest Available Castle Knoll Farms Apartments for Rent

 

The cheapest available apartment rental in the Castle Knoll Farms area of Indianapolis, IN is a 2 Beds unit found at Lake Castleton Apartments priced from $814. 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 ListingModel NameBed/BathPriced From
Lake Castleton ApartmentsLiberty2BR,2BA$814
River Road ApartmentsVilla1BR,1BA$880
Scandia ApartmentsDannenborg1BR,1BA$894
Riverbend ApartmentsMonte Carlo1BR,1BA$967
Woodbridge Castleton1 Bedroom Apartment1BR,1BA$968

Best Value Apartments for Rent in Castle Knoll Farms, IN

As of November 02, 2025 the best value apartment in the Castle Knoll Farms 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 Castle Knoll Farms apartment is the 2Bd/2Ba Dn W/D Model at Ivy Knoll Apartments starting at $1,499 with a $1.25 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Veridian CastletonB4 - Townhome2BR,1.5BA$1.13
Ivy Knoll Apartments2Bd/2Ba Dn W/D2BR,2BA$1.25
Lake Clearwater ApartmentsMallard2BR,2BA$1.48
Sanctuary at FishersThe Serenity2BR,2BA$1.43
The Preserve on Allisonville TownhomesTwo Bedroom Townhome2BR,1.5BA$1.37
The Masters ApartmentsTwo Bedroom - Pinehurst II2BR,1BA$1.40
Riverbend ApartmentsAthens1BR,1BA$1.48
Scandia ApartmentsTivoli1BR,1BA$1.28
Bayview Club ApartmentsLake Maxinkuckee1BR,1BA$1.48
Woodbridge Castleton1 Bedroom Apartment1BR,1BA$1.38

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Pet Friendly Lifestyle
Castle Knoll Farms, Indianapolis, IN

Ranked #36

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
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 $1,100.

What is the price of a cheap apartment in Castle Knoll Farms?

The cheapest apartment in Castle Knoll Farms is Lake Castleton Apartments which is listed at $826, while the average apartment in Castle Knoll Farms costs $1,746.

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 73 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 $274 which is $1,472 cheaper than the average rent for all rentals in Castle Knoll Farms.

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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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! 

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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.