Cheap Apartments for Rent in the Castleton Neighborhood of Indianapolis, IN from $800 (29 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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Showing Results 1-29, 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 $896. 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$896
Woodbridge Castleton1 Bedroom Apartment1BR,1BA$968
Veridian CastletonA31BR,1BA$974
TGM Autumn WoodsA11BR,1BA$999
Castleton Manor ApartmentsThe Banyan1BR,1BA$999
Riverbend ApartmentsTranquility1BR,1BA$1,016
TGM Avalon LakeA11BR,1BA$1,029
Avery Point ApartmentsEmerald1BR,1BA$1,052
Waterside at Castleton1x11BR,1BA$1,065

Best Value Apartments for Rent in Castleton, IN

As of March 09, 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 $1,449 with a $1.21 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$1.21
The Preserve on Allisonville TownhomesTwo Bedroom Townhome2BR,1.5BA$1.36
Metropolitan FishersMaplebrook2BR,2BA$1.41
Castleton Manor ApartmentsThe Banyan1BR,1.5BA$1.25
Scandia ApartmentsTivoli1BR,1BA$1.47
TGM Autumn WoodsA21BR,1BA$1.45
Riverbend ApartmentsRadiance1BR,1BA$1.47
Avery Point ApartmentsEmerald1BR,1BA$1.46
Woodbridge Castleton1 Bedroom Apartment1BR,1BA$1.39

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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 $1,792.

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 64 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 $267 which is $1,525 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.

Helpful Local Expert Guides

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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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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.

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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.

Articles, How-To's, and Tips

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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.