Cheap Apartments for Rent in the Castleton Neighborhood of Indianapolis, IN from $700 (25 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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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 Lake Castleton Apartments priced from $826. 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
Lake Castleton ApartmentsColonial1BR,1BA$826
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 Castleton, IN

As of November 08, 2025 the best value apartment in the Castleton 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 Castleton apartment is the 2Bd/2Ba Dn W/D Model at Ivy Knoll Apartments starting at $1,494 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$1.13
Ivy Knoll Apartments2Bd/2Ba Dn W/D2BR,2BA$1.25
Scandia ApartmentsLandsting2BR,2BA$1.09
The Preserve on Allisonville TownhomesTwo Bedroom Townhome2BR,1.5BA$1.37
Metropolitan FishersMaplebrook2BR,2BA$1.41
Castleton Manor ApartmentsThe Banyan1BR,1.5BA$1.25
Avery Point ApartmentsJade1BR,1BA$1.58
Bayview Club ApartmentsLake Maxinkuckee1BR,1BA$1.48
Woodbridge Castleton1 Bedroom Apartment1BR,1BA$1.38
The Masters ApartmentsOne Bedroom - Augusta II1BR,1BA$1.48

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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

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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

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.

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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.

Getting Around the Castleton Neighborhood in Indianapolis, IN

Walk Score®

51 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

50 / 100

Bikeable

Some bike infrastructure

Transit Score®

25 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $1,067.

What is the price of a cheap apartment in Castleton?

The cheapest apartment in Castleton is Lake Castleton Apartments which is listed at $826, while the average apartment in Castleton costs $1,715.

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 $294 which is $1,421 cheaper than the average rent for all rentals in Castleton.

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.