Cheap Homes for Rent in Castleton Neighborhood of Indianapolis, IN from $300 (2 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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.

Best Value Apartments for Rent in Castleton, IN

As of May 08, 2026 the best value apartment in the Castleton area is the $1.47 price per square foot Trumpeter Model at Lake Clearwater Apartments in the in the Roxbury neighborhood starting from $2,005. The second greatest value Castleton apartment is the Nordica Model at Scandia Apartments starting at $1,404 with a $1.12 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.
Lake Clearwater ApartmentsTrumpeter2BR,2BA$1.47
Scandia ApartmentsNordica2BR,2BA$1.12
Veridian CastletonB4 - Townhome2BR,1.5BA$1.15
Ivy Knoll Apartments2Bd/2Ba Dn W/D2BR,2BA$1.17
Metropolitan FishersWillowbrook2BR,2BA$1.25
TGM Autumn WoodsB12BR,1BA$1.41
Castleton Manor ApartmentsThe Banyan1BR,1.5BA$1.25
Avery Point ApartmentsFern1BR,1BA$1.55
Woodbridge Castleton1 Bedroom Apartment1BR,1BA$1.43
TGM Shadeland StationA11BR,1BA$1.43

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 $880 to $3,541. There are also 7 Single Family Homes for rent, Condos, and Townhome rentals currently available in Castleton ranging from $360 to $2,300.

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 $360 to $2,300 with an average monthly rent of $1,548.

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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Articles, How-To's, and Tips

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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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