Cheap Apartments for Rent in the Castleton Neighborhood of Indianapolis, IN from $815 (36 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Lake Castleton Apartments
Rent Specials
$815 - $1,501

Total Monthly Price

Base Rent$815 - $1,501
Total Monthly Price$815 - $1,501
Studio to 2 Bedroom Apartments Available Now

Lake Castleton Apartments

7601 Carlton Arms DrIndianapolis, IN 46256
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.

Read Article

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Read Article

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

Read Article

Castleton - 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!

Read Article
Showing Results 1-36, 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. Lake Castleton Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $984. Here are the most affordable Castleton apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
River Road ApartmentsVilla1BR,1BA$880
Lake Castleton ApartmentsCongressional1BR,1BA$984
TGM Avalon LakeA11BR,1BA$999
Castleton Manor ApartmentsThe Banyan1BR,1BA$999
TGM Autumn WoodsA11BR,1BA$1,020
Avery Point ApartmentsEmerald1BR,1BA$1,028
Parkside at Castleton Square Apartments and TownhomesOne Bedroom1BR,1BA$1,035
Woods of Castleton1 bed/1 bath Up1BR,1BA$1,045
Waterside at Castleton1x1 Ext1BR,1BA$1,085
TGM Shadeland StationA11BR,1BA$1,099

Best Value Apartments for Rent in Castleton, IN

As of September 06, 2026 the best value apartment in the Castleton 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 Castleton apartment is the 2Bd/2Ba Dn W/D Model at Ivy Knoll Apartments starting at $1,419 with a $1.19 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$1.18
Ivy Knoll Apartments2Bd/2Ba Dn W/D2BR,2BA$1.19
The Preserve on Allisonville TownhomesTwo Bedroom Townhome2BR,1.5BA$1.45
The Masters ApartmentsTwo Bedroom - Muirfield II2BR,2BA$1.36
Woodbridge Castleton2 Bedroom Townhome2BR,1.5BA$1.38
Metropolitan FishersDeerbrook1BR,1BA$1.46
Castleton Manor ApartmentsThe Banyan1BR,1.5BA$1.25
Avery Point ApartmentsFern1BR,1BA$1.46
Scandia ApartmentsTivoli1BR,1BA$1.48
TGM Autumn WoodsA11BR,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 Article
Decorative image

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article

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

Read Article
Decorative image

Real 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 Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

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 the Cheapest Studio apartment in Castleton?

Currently the most affordable Cheap Studio Apartment in Castleton is at Lake Castleton Apartments listed at $815.

How much is rent for a Cheap One Bedroom Castleton Apartment?

The lowest price for a Cheap One Bedroom Castleton Apartment is $880 at River Road Apartments.

What is the lowest price for a Cheap Two Bedroom Castleton Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Castleton is starting from $1,100 at TGM Autumn Woods.

What is the most affordable Castleton Three Bedroom Apartment?

The best deal on a cheap Castleton Three Bedroom Apartment rental is at Scandia Apartments and starts from $1,420.

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

decorative image for Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home article

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.

decorative image for Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods article

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.

decorative image for Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters article

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

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.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

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.