Cheap Apartments for Rent in the Chapel Hill Village Neighborhood of Indianapolis, IN from $494 (36 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Chapel Hill Village area of Indianapolis.

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1448 S Kiel Ave
$1,395
Total Monthly Price

Total Monthly Price

Base Rent
$1,395
Total Monthly Price
$1,395
1 Bedroom Apartment Available Now

1448 S Kiel Ave

1448 S Kiel AveIndianapolis, IN 46241
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Addison Creek
1 to 4 Bedroom Apartments

Addison Creek

58 Port Ocall DrIndianapolis, IN 46224
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Fisher Apartments
Studio Apartments

Fisher Apartments

5125 W 10th StIndianapolis, IN 46224
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Remington on Rockville
1 to 3 Bedroom Apartments

Remington on Rockville

7455 Rockleigh AveIndianapolis, IN 46214
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Sebring Court
1 to 3 Bedroom Apartments

Sebring Court

1902 Parsons DrIndianapolis, IN 46224

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.

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10 West Apartments
1 to 3 Bedroom Apartments

10 West Apartments

7855 Cimarron TrlIndianapolis, IN 46214
Corporate Housing
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Wyckford Commons
1 to 3 Bedroom Apartments

Wyckford Commons

7777 Wyckford CtIndianapolis, IN 46214
Corporate Housing
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The Legend at Speedway
1 to 2 Bedroom Apartments

The Legend at Speedway

2202 Fair Oaks DrSpeedway, IN 46224
Corporate Housing

Chapel Hill Village - One of the Best Affordable Neighborhoods in Indianapolis

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

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Showing Results 1-36, Page 1 of 1

Chapel Hill Village, Indianapolis, IN Local Guide

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 1 Bed apartment currently listed from $750. Here are the most affordable Chapel Hill Village apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Boardwalk at Westlake Apartments and TownhomesStudio - 441 sqftStudio,1BA$725
Pinnacle WestOne Bedroom1BR,1BA$750
The Legend at SpeedwayA11BR,1BA$799
Eagle Creek CourtStandard One Bedroom (SN2)1BR,1BA$802
The HermitageThe Retreat1BR,1BA$877
The Park at Greenhill1 Bedroom, 1 Bath 654 SF - Creek Side1BR,1BA$901
The Hills Apartment Homes1x1 Classic1BR,1BA$949
Carriage House WestThe Windsor1BR,1BA$957
10 West ApartmentsThe Abbey1BR,1BA$976
Ashton PointeOne Bedroom Apartment1BR,1BA$981

Best Value Apartments for Rent in Chapel Hill Village, IN

As of August 21, 2026 the best value apartment in the Chapel Hill Village area is the $0.96 price per square foot Three Bedroom Townhome (T3) Model at Darby Court in the in the Speedway Wellhead neighborhood starting from $1,482. The second greatest value Chapel Hill Village apartment is the Catalina 1 Model at Runaway Bay Apartments starting at $1,746 with a $1.32 price per square foot in the Cheswick Place neighborhood. Here is today’s list of the best values for Chapel Hill Village apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Darby CourtThree Bedroom Townhome (T3)3BR,2.5BA$0.96
Runaway Bay ApartmentsCatalina 13BR,2BA$1.32
Chapel Hill ApartmentsThe Redwood3BR,1BA$1.26
Auburn Hills ApartmentsAugusta Phase II (Fireplace)2BR,2BA$1.49
Ashton PointeTwo Bedroom Townhome2BR,1.5BA$1.46
The HermitageThe Haven2BR,2BA$1.44
Carriage House WestThe Addison2BR,1BA$1.34
10 West ApartmentsThe Abbey1BR,1BA$1.24
The Legend at SpeedwayA11BR,1BA$1.40
Pinnacle WestStudioStudio ,1BA$1.38

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

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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

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 $981.

What is the price of a cheap apartment in Chapel Hill Village?

The cheapest apartment in Chapel Hill Village is Pinnacle West which is listed at $750, while the average apartment in Chapel Hill Village costs $1,155.

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 70 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 $390 which is $765 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

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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.

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Articles, How-To's, and Tips

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