Cheap Apartments for Rent in the Castleton Neighborhood of Indianapolis, IN from $800 (34 Rentals)

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

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Lake Castleton Apartments
Rent Specials
$980 - $1,654
Total Monthly Price

Total Monthly Price

Base Rent
$980 - $1,654
Total Monthly Price
$980 - $1,654
Studio to 2 Bedroom Apartments Available Now

Lake Castleton Apartments

7601 Carlton Arms DrIndianapolis, IN 46256
Affordability
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Showing Results 1-34, 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 River Road Apartments priced from $880. Riverbend Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $888. Here are the most affordable Castleton apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
River Road ApartmentsVilla1BR,1BA$880
Riverbend ApartmentsSublime1BR,1BA$888
Scandia ApartmentsDannenborg1BR,1BA$944
Woodbridge Castleton1 Bedroom Apartment1BR,1BA$965
Lake Castleton ApartmentsCongressional1BR,1BA$980
TGM Shadeland StationA11BR,1BA$999
TGM Autumn WoodsA11BR,1BA$999
Castleton Manor ApartmentsThe Banyan1BR,1BA$999
Avery Point ApartmentsEmerald1BR,1BA$1,000
Waterside at Castleton1x11BR,1BA$1,065

Best Value Apartments for Rent in Castleton, IN

As of April 23, 2026 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 $1,399 with a $1.17 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$1.17
The Preserve on Allisonville TownhomesTwo Bedroom Townhome2BR,1.5BA$1.36
Metropolitan FishersWillowbrook2BR,2BA$1.40
TGM Avalon LakeB42BR,2BA$1.43
Castleton Manor ApartmentsThe Banyan1BR,1.5BA$1.25
Scandia ApartmentsTivoli1BR,1BA$1.27
TGM Autumn WoodsA21BR,1BA$1.42
Woodbridge Castleton1 Bedroom Apartment1BR,1BA$1.37
TGM Shadeland StationA11BR,1BA$1.43

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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 $1,065.

What is the price of a cheap apartment in Castleton?

The cheapest apartment in Castleton is River Road Apartments which is listed at $880, while the average apartment in Castleton costs $1,812.

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 44 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 $199 which is $1,613 cheaper than the average rent for all rentals in Castleton.

Expert Rental Resources

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