Cheap Apartments for Rent in the Castleton Neighborhood of Indianapolis, IN from $800 (27 Rentals)

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

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

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Showing Results 1-27, Page 1 of 1

Castleton, Indianapolis, IN Local Guide

Cheapest Available Castleton Apartments for Rent

 

The cheapest available apartment rental in the Castleton area of Indianapolis, IN is a 1 Bed unit found at Riverbend Apartments priced from $832. River Road Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $880. Here are the most affordable Castleton apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Riverbend ApartmentsMadrid1BR,1BA$832
River Road ApartmentsVilla1BR,1BA$880
Scandia ApartmentsDannenborg1BR,1BA$894
Lake Castleton ApartmentsCongressional1BR,1BA$896
Woodbridge Castleton1 Bedroom Apartment1BR,1BA$976
TGM Autumn WoodsA11BR,1BA$999
Castleton Manor ApartmentsThe Banyan1BR,1BA$999
TGM Avalon LakeA11BR,1BA$1,029
Parkside at Castleton Square Apartments and TownhomesOne Bedroom1BR,1BA$1,030
Waterside at Castleton1x11BR,1BA$1,085

Best Value Apartments for Rent in Castleton, IN

As of December 26, 2025 the best value apartment in the Castleton 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 Castleton 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 Castleton apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Veridian CastletonB4 - Townhome2BR,1.5BA$1.15
Ivy Knoll Apartments2Bd/2Ba Dn W/D2BR,2BA$1.25
The Preserve on Allisonville TownhomesTwo Bedroom Townhome2BR,1.5BA$1.39
Metropolitan FishersMaplebrook2BR,2BA$1.41
Riverbend ApartmentsRiviera2BR,2BA$1.42
The Masters ApartmentsTwo Bedroom - Pinehurst II2BR,1BA$1.35
Castleton Manor ApartmentsThe Banyan1BR,1.5BA$1.25
Scandia ApartmentsTivoli1BR,1BA$1.21
Avery Point ApartmentsThe Spring1BR,1BA$1.48
Woodbridge Castleton1 Bedroom Apartment1BR,1BA$1.39

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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Your 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

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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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Lifestyle Ratings

This website compiles millions of data points to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities across the United States, including Indianapolis. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for easy access to the parks, luxury housing options, family-friendly amenities, raising pets, 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 Castleton Apartments

What is a cheap apartment in Castleton?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Castleton is under $1,085.

What is the price of a cheap apartment in Castleton?

The cheapest apartment in Castleton is Riverbend Apartments which is listed at $832, while the average apartment in Castleton costs $1,710.

What types of apartments are the cheapest in Castleton?

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 69 regular apartments in Castleton 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 Castleton?

Cheap apartments in Castleton have an average cost of $188 which is $1,522 cheaper than the average rent for all rentals in Castleton.

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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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.