Cheap Homes for Rent in Castleton Neighborhood of Indianapolis, IN from $300 (5 Rentals)

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

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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. Riverbend Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $888. Here are the most affordable Castleton apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
River Road ApartmentsVilla1BR,1BA$880
Riverbend ApartmentsSublime1BR,1BA$888
Lake Castleton ApartmentsCongressional1BR,1BA$896

Best Value Apartments for Rent in Castleton, IN

As of February 04, 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 $1,499 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$1.15
Ivy Knoll Apartments2Bd/2Ba Dn W/D2BR,2BA$1.25
Scandia ApartmentsLandsting2BR,2BA$1.09
Metropolitan FishersMaplebrook2BR,2BA$1.41
Castleton Manor ApartmentsThe Banyan1BR,1.5BA$1.26
Avery Point ApartmentsThe Spring1BR,1BA$1.43
TGM Autumn WoodsA21BR,1BA$1.48
Riverbend ApartmentsTranquility1BR,1BA$1.45
Woodbridge Castleton1 Bedroom Apartment1BR,1BA$1.36
Parkside at Castleton Square Apartments and TownhomesOne Bedroom1BR,1BA$1.55

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 $2,916. There are also 10 Single Family Homes for rent, Condos, and Townhome rentals currently available in Castleton ranging from $380 to $1,900.

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 $380 to $1,900 with an average monthly rent of $1,293.

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

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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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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.

Articles, How-To's, and Tips

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.

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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.