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.

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Pinnacle West
Rent Specials
$759 - $1,529
Total Monthly Price

Total Monthly Price

Base Rent
$595 - $1,365
Required Monthly Fees
$164

Total Monthly Price
$759 - $1,529
Studio to 2 Bedroom Apartments Available Now

Pinnacle West

230 Welcome Way BlvdIndianapolis, IN 46214
Senior Living
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  • Customer Reviewed
  • 3D Tour
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The Park at Greenhill
$901 - $1,776
Total Monthly Price

Total Monthly Price

Base Rent
$836 - $1,711
Required Monthly Fees
$65

Total Monthly Price
$901 - $1,776
1 to 5 Bedroom Apartments Available Now

The Park at Greenhill

56 Port Ocall DrIndianapolis, IN 46224
Affordability
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property at 1425 Western Dr

$1,465

Total Monthly Price

Total Monthly Price

Base Rent
$1,454
Required Monthly Fees
$11

Total Monthly Price
$1,465

3 Bedroom, 1 Bath Rentals

Available Apr 29

1425 Western Dr

IndianapolisIN46241
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Addison Creek
1 to 4 Bedroom Apartments

Addison Creek

58 Port Ocall DrIndianapolis, IN 46224
  • Utilities Included
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Fisher Apartments
Studio Apartments

Fisher Apartments

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

Remington on Rockville

7455 Rockleigh AveIndianapolis, IN 46214
  • Utilities Included

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Sebring Court
1 to 3 Bedroom Apartments

Sebring Court

1902 Parsons DrIndianapolis, IN 46224
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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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Runaway Bay Apartments
$1,447 - $3,782
Total Monthly Price

Total Monthly Price

Base Rent
$1,404 - $3,739
Required Monthly Fees
$43

Total Monthly Price
$1,447 - $3,782
1 to 3 Bedroom Apartments Available Now

Runaway Bay Apartments

2030 Runaway Bay DrSpeedway, IN 46224
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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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The Legend at Speedway
1 to 2 Bedroom Apartments

The Legend at Speedway

2202 Fair Oaks DrSpeedway, IN 46224
Corporate Housing

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 Studio apartment currently listed from $759. 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 - 467 sqftStudio,1BA$725
Pinnacle WestStudioStudio,1BA$759
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
10 West ApartmentsThe Abbey1BR,1BA$966
Carriage House WestThe Windsor1BR,1BA$995
Chapel Hill ApartmentsThe Biscayne1BR,1BA$1,000
Ashton PointeOne Bedroom Apartment1BR,1BA$1,017
Eagle Lake LandingThe Islander1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Runaway Bay ApartmentsNewport 12BR,2BA$1.46
Sebring CourtTwo Bedroom Two Bathroom (C3)2BR,2BA$1.07
The HermitageThe Sanctuary3BR,1BA$1.34
Carriage House WestThe Kincaid2BR,1.5BA$1.44
10 West ApartmentsThe Dakota2BR,1BA$1.29
Chapel Hill ApartmentsThe Biscayne1BR,1BA$1.14
The Legend at SpeedwayB22BR,1BA$1.41
Eagle Lake LandingThe Islander1BR,1BA$1.33
Ashton PointeOne Bedroom Apartment1BR,1BA$1.45
Pinnacle WestStudioStudio ,1BA$1.38

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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 $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.

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