
Cheap Apartments for Rent in the Chapel Hill Village Neighborhood of Indianapolis, IN from $400 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in the Chapel Hill Village area of Indianapolis.


Ashgrove Apartments

Total Monthly Price
Pinnacle West

Eagle Creek Court

Darby Court

Total Monthly Price
The Park at Greenhill

The Hermitage

The Hills Apartment Homes
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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.

Suncrest

Auburn Hills Apartments

Carriage House West

Ashton Pointe

Westpark Townhomes

Windsor Park

1466 S Worth Ave

Eagle Lake Landing
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1269 Farley Dr

1425 Western Dr

7442 Rockleigh Ave

Addison Creek

Fisher Apartments

Cloverleaf Apartments & Townhomes

Pinewood Village Apartments

Remington on Rockville
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Sebring Court

5376 W 10th St

10 West Apartments

Chapel Hill Apartments

Wyckford Commons

1336 N Glen Arm Rd

Stanford Court

Total Monthly Price
Runaway Bay Apartments
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

The Legend at Speedway
Chapel Hill Village, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Chapel Hill Village?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Chapel Hill Village Studio Apartments | $859 | $735 | $1,709 |
| Chapel Hill Village 1 Bedroom Apartments | $1,013 | $767 | $2,839 |
| Chapel Hill Village 2 Bedroom Apartments | $1,332 | $945 | $3,300 |
| Chapel Hill Village 3 Bedroom Apartments | $1,610 | $1,329 | $3,782 |
| Chapel Hill Village 4 Bedroom Apartments | $1,717 | $1,663 | $1,776 |
Browse Apartments in this Neighborhood
There are currently 33 rentals with your search options within a 2 mile radius of the Chapel Hill Village Neighborhood of Indianapolis, IN.
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Chapel Hill Village, Indianapolis, IN Local Guide
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Cheapest Available Chapel Hill Village Apartments for Rent
 The cheapest available apartment rental in the Chapel Hill Village area of Indianapolis, IN is a Studio unit found at The Boardwalk at Westlake Apartments and Townhomes priced from $725. Pinnacle West has the second lowest priced unit, which is a Studio apartment currently listed from $759. Here are the most affordable Chapel Hill Village apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Boardwalk at Westlake Apartments and Townhomes | Studio - 467 sqft | Studio,1BA | $725 |
| Pinnacle West | Studio | Studio,1BA | $759 |
| The Legend at Speedway | A1 | 1BR,1BA | $799 |
| The Park at Greenhill | 1 Bedroom, 1 Bath 654 SF - Creek Side | 1BR,1BA | $901 |
| The Hills Apartment Homes | 1x1 Classic | 1BR,1BA | $929 |
| 10 West Apartments | The Abbey | 1BR,1BA | $966 |
| Carriage House West | The Windsor | 1BR,1BA | $995 |
| Chapel Hill Apartments | The Biscayne | 1BR,1BA | $1,000 |
| Ashton Pointe | One Bedroom Apartment | 1BR,1BA | $1,017 |
| Eagle Lake Landing | The Islander | 1BR,1BA | $1,113 |
Best Value Apartments for Rent in Chapel Hill Village, IN
As of April 07, 2026 the best value apartment in the Chapel Hill Village area is the $1.46 price per square foot Newport 1 Model at Runaway Bay Apartments in the in the Cheswick Place neighborhood starting from $1,649. The second greatest value Chapel Hill Village apartment is the Two Bedroom Two Bathroom (C3) Model at Sebring Court starting at $1,200 with a $1.07 price per square foot in the Speedway Wellhead neighborhood. Here is today’s list of the best values for Chapel Hill Village apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Runaway Bay Apartments | Newport 1 | 2BR,2BA | $1.46 |
| Sebring Court | Two Bedroom Two Bathroom (C3) | 2BR,2BA | $1.07 |
| The Hermitage | The Sanctuary | 3BR,1BA | $1.34 |
| Carriage House West | The Kincaid | 2BR,1.5BA | $1.44 |
| 10 West Apartments | The Dakota | 2BR,1BA | $1.29 |
| Chapel Hill Apartments | The Biscayne | 1BR,1BA | $1.14 |
| The Legend at Speedway | B2 | 2BR,1BA | $1.41 |
| Eagle Lake Landing | The Islander | 1BR,1BA | $1.33 |
| Ashton Pointe | One Bedroom Apartment | 1BR,1BA | $1.45 |
| Pinnacle West | Studio | Studio ,1BA | $1.38 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
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Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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Read ArticleYour 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
Read ArticleQuick 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.
Lifestyle Ratings
Our team works hard to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Chapel Hill Village, Indianapolis, and the greater Indianapolis area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for proximity to parks, luxury amenities, transit availability, pet-friendly communities, family-friendliness, and other valuable search options. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Chapel Hill Village Apartments
What is a cheap apartment in Chapel Hill Village?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Chapel Hill Village is under $1,113.
What is the price of a cheap apartment in Chapel Hill Village?
The cheapest apartment in Chapel Hill Village is The Legend at Speedway which is listed at $799, while the average apartment in Chapel Hill Village costs $1,663.
What types of apartments are the cheapest in Chapel Hill Village?
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 97 regular apartments in Chapel Hill Village 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 Chapel Hill Village?
Cheap apartments in Chapel Hill Village have an average cost of $464 which is $1,199 cheaper than the average rent for all rentals in Chapel Hill Village.
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

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.

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.

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.

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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.

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.

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.