
Cheap Homes for Rent in Castleton Neighborhood of Indianapolis, IN from $1,600 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Castleton area of Indianapolis.


Furnished Studio-Indianapolis - Castleton

4825 Cameron Ridge Dr
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.

4714 Cameron Ridge Dr

8528 Hague Rd

8436 Hague Rd
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

9459 Timber View Dr
Castleton, Indianapolis, IN Local Guide

How much does it cost to rent a home in Castleton?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Castleton 2 Bedroom Homes for Rent | $1,775 | $1,775 | $1,775 |
| Castleton 3 Bedroom Homes for Rent | $1,875 | $1,650 | $2,200 |
Browse Homes for Rent in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the Castleton Neighborhood of Indianapolis, IN.
Explore Indianapolis
Cheapest Available Castleton Apartments for Rent
 The cheapest available apartment rental in the Castleton area of Indianapolis, IN is a 2 Beds unit found at Lake Castleton Apartments priced from $814. Riverbend Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $858. Here are the most affordable Castleton apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lake Castleton Apartments | Liberty | 2BR,2BA | $814 |
| Riverbend Apartments | Barcelona | 1BR,1BA | $858 |
| River Road Apartments | Villa | 1BR,1BA | $880 |
Best Value Apartments for Rent in Castleton, IN
As of December 20, 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 Lake Monroe Model at Bayview Club Apartments starting at $1,625 with a $1.31 price per square foot in the Berkley Place neighborhood. Here is today’s list of the best values for Castleton apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Veridian Castleton | B4 - Townhome | 2BR,1.5BA | $1.15 |
| Bayview Club Apartments | Lake Monroe | 3BR,2BA | $1.31 |
| Ivy Knoll Apartments | 2Bd/2Ba Dn W/D | 2BR,2BA | $1.25 |
| The Preserve on Allisonville Townhomes | Two Bedroom Townhome | 2BR,1.5BA | $1.39 |
| Metropolitan Fishers | Maplebrook | 2BR,2BA | $1.41 |
| Riverbend Apartments | Dublin | 1BR,1BA | $1.40 |
| Woodbridge Castleton | 2 Bedroom Apartment | 2BR,1BA | $1.36 |
| Castleton Manor Apartments | The Banyan | 1BR,1.5BA | $1.25 |
| Scandia Apartments | Tivoli | 1BR,1BA | $1.21 |
| The Masters Apartments | One Bedroom - Augusta II | 1BR,1BA | $1.44 |
Frequently Asked Questions about Castleton
What type of rentals are currently available in Castleton?
There are currently 34 Apartments for Rent in Castleton, IN with pricing that ranges from $858 to $2,879. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in Castleton ranging from $275 to $2,200.
What is the current price range for Rental Homes in Castleton?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Castleton ranges from $275 to $2,200 with an average monthly rent of $1,308.
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

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.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!