Cheap Homes for Rent in Chapel Hill Village Neighborhood of Indianapolis, IN from $1,500 (25 Rentals)

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

property at 7119 Mars Dr

7119 Mars Dr

IndianapolisIN46241

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

property at 7728 Platini Pl

7728 Platini Pl

IndianapolisIN46214
property at 1804 Shorter Ct

1804 Shorter Ct

IndianapolisIN46214

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!

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 1 Bed unit found at Eagle Creek Court priced from $719. Ashgrove Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here are the most affordable Chapel Hill Village apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Eagle Creek CourtStandard One Bedroom (SN1)1BR,1BA$719
Ashgrove ApartmentsStudioStudio,1BA$750
Pinnacle WestStudioStudio,1BA$759
Darby CourtStandard One Bedroom (SN1)1BR,1BA$781
The Legend at SpeedwayA11BR,1BA$786

Best Value Apartments for Rent in Chapel Hill Village, IN

As of May 21, 2025 the best value apartment in the Chapel Hill Village area is the $1.31 price per square foot The Broadway Model at 10 West Apartments in the in the Speedway Wellhead neighborhood starting from $1,291. The second greatest value Chapel Hill Village apartment is the The Everglade Lg Model at Chapel Hill Apartments starting at $1,125 with a $1.25 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.
10 West ApartmentsThe Broadway2BR,2BA$1.31
Chapel Hill ApartmentsThe Everglade Lg2BR,1BA$1.25
Eagle Lake LandingThe Bay Breeze1BR,2BA$1.42
Carriage House WestThe Addison2BR,1BA$1.50
Hills Apartments2 Bedroom 1 Bath Apartment2BR,1BA$1.30
SuncrestStarburst1BR,1BA$1.48
Ashton PointeOne Bedroom Apartment1BR,1BA$1.51
Mariners VillageStudioStudio ,1BA$1.41
The Legend at SpeedwayA11BR,1BA$1.38
Pinnacle WestStudioStudio ,1BA$1.38

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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Frequently Asked Questions about Chapel Hill Village

What type of rentals are currently available in Chapel Hill Village?

There are currently 34 Apartments for Rent in Chapel Hill Village, IN with pricing that ranges from $675 to $3,587. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Chapel Hill Village ranging from $1,550 to $2,800.

What is the current price range for Rental Homes in Chapel Hill Village?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Chapel Hill Village ranges from $1,550 to $2,800 with an average monthly rent of $1,786.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.