Cheap Apartments for Rent in the Chapel Hill Village Neighborhood of Indianapolis, IN from $400 (33 Rentals)

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

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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.

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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

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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

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.

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Showing Results 1-33, 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 Pinnacle West priced from $759. The Boardwalk at Westlake Apartments and Townhomes has the second lowest priced unit, which is a Studio apartment currently listed from $760. Here are the most affordable Chapel Hill Village apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Pinnacle WestStudioStudio,1BA$759
The Boardwalk at Westlake Apartments and TownhomesStudio - 441 sqftStudio,1BA$760
The Legend at SpeedwayA11BR,1BA$799
The Park at Greenhill1 Bedroom, 1 Bath 654 SF - Creek Side1BR,1BA$901
The Hills Apartment Homes1x1 Classic1BR,1BA$929
Sebring CourtStandard One Bedroom (AN1)1BR,1BA$930
10 West ApartmentsThe Abbey1BR,1BA$976
Carriage House WestThe Windsor1BR,1BA$995
Ashton PointeOne Bedroom Apartment1BR,1BA$1,022
Windsor Park1 Bedroom Apartment: The Abbey1BR,1BA$1,091

Best Value Apartments for Rent in Chapel Hill Village, IN

As of May 22, 2026 the best value apartment in the Chapel Hill Village area is the $1.45 price per square foot Catalina 1 Model at Runaway Bay Apartments in the in the Cheswick Place neighborhood starting from $1,915. The second greatest value Chapel Hill Village apartment is the The Valentino Model at Wyckford Commons starting at $1,399 with a $1.31 price per square foot in the West Wayne 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.
Runaway Bay ApartmentsCatalina 13BR,2BA$1.45
Wyckford CommonsThe Valentino2BR,2BA$1.31
Auburn Hills ApartmentsAugusta Phase II (Fireplace)2BR,2BA$1.49
Carriage House WestThe Kincaid2BR,1.5BA$1.40
Stanford CourtTwo Bedroom Two Bathroom (C3M)2BR,2BA$1.17
Eagle Lake LandingThe Sand Piper2BR,2BA$1.34
10 West ApartmentsThe Dakota2BR,1BA$1.27
Sebring CourtStandard One Bedroom (AN1)1BR,1BA$1.44
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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Quick 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.

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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 the Cheapest Studio apartment in Chapel Hill Village?

Currently the most affordable Cheap Studio Apartment in Chapel Hill Village is at Pinnacle West listed at $759.

How much is rent for a Cheap One Bedroom Chapel Hill Village Apartment?

The lowest price for a Cheap One Bedroom Chapel Hill Village Apartment is $786 at The Legend at Speedway.

What is the lowest price for a Cheap Two Bedroom Chapel Hill Village Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Chapel Hill Village is starting from $917 at The Legend at Speedway.

What is the most affordable Chapel Hill Village Three Bedroom Apartment?

The best deal on a cheap Chapel Hill Village Three Bedroom Apartment rental is at Eagle Lake Landing and starts from $1,359.

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

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.

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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.

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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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

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

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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.