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$727 - $1,2311 to 2 Bedroom Apartments Available Feb 25, 2026
Eagle Creek Court
2148 Augusta Dr EIndianapolis, IN 46224
Cheap Apartments for Rent in the Chapel Hill Neighborhood of Indianapolis, IN from $400 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Chapel Hill area of Indianapolis.
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$750 - $1,025Studio to 2 Bedroom Apartments Contact Us For Availability
Ashgrove Apartments
1211 Ginger CtIndianapolis, IN 46241
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Rent Specials
$759 - $1,529Studio to 2 Bedroom Apartments Available Now
Pinnacle West
230 Welcome Way BlvdIndianapolis, IN 46214
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$760 - $2,987Studio to 3 Bedroom Apartments Available Now
The Boardwalk at Westlake Apartments and Townhomes
6000 Westlake DrIndianapolis, IN 46224
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$769 - $1,4341 to 3 Bedroom Apartments Available Now
Darby Court
2135 N High School RdIndianapolis, IN 46224
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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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$733 - $1,2381 to 2 Bedroom Apartments Contact Us For Availability
Stanford Court
1815 Foyt DrSpeedway, IN 46224
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 1-13, Page 1 of 1
Chapel Hill, Indianapolis, IN Local Guide
How much does it cost to rent an apartment in Chapel Hill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Chapel Hill Studio Apartments | $888 | $750 | $1,650 |
| Chapel Hill 1 Bedroom Apartments | $1,066 | $727 | $2,117 |
| Chapel Hill 2 Bedroom Apartments | $1,357 | $945 | $2,838 |
| Chapel Hill 3 Bedroom Apartments | $1,699 | $1,319 | $3,827 |
| Chapel Hill 4 Bedroom Apartments | $6,327 | $1,619 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Chapel Hill Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Chapel Hill, Indianapolis, IN Local Guide
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Cheapest Available Chapel Hill Apartments for Rent
The cheapest available apartment rental in the Chapel Hill 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 apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Pinnacle West | Studio | Studio,1BA | $759 |
| The Boardwalk at Westlake Apartments and Townhomes | Studio - 467 sqft | Studio,1BA | $760 |
| Darby Court | Standard One Bedroom (SN1) | 1BR,1BA | $769 |
| The Legend at Speedway | A1 | 1BR,1BA | $799 |
| The Hills Apartment Homes | 1x1 Classic | 1BR,1BA | $899 |
Best Value Apartments for Rent in Chapel Hill, IN
As of December 29, 2025 the best value apartment in the Chapel Hill area is the $1.11 price per square foot 2 Bed 1.5 Bath Townhome Model at Westpark Townhomes in the in the Speedway Wellhead neighborhood starting from $1,250. The second greatest value Chapel Hill apartment is the Three Bedroom Townhome Model at Ashton Pointe starting at $1,551 with a $1.39 price per square foot in the Speedway Wellhead neighborhood. Here is today’s list of the best values for Chapel Hill apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Westpark Townhomes | 2 Bed 1.5 Bath Townhome | 2BR,1.5BA | $1.11 |
| Ashton Pointe | Three Bedroom Townhome | 3BR,1.5BA | $1.39 |
| Wyckford Commons | The Cadwell | 2BR,1.5BA | $1.33 |
| Sebring Court | Two Bedroom Two Bathroom (C3M) | 2BR,2BA | $1.00 |
| Chapel Hill Apartments | The Redwood | 3BR,1BA | $1.23 |
| 10 West Apartments | The Dakota | 2BR,1BA | $1.29 |
| Eagle Lake Landing | The Bay Breeze | 1BR,2BA | $1.40 |
| The Hills Apartment Homes | 1x1 Classic | 1BR,1BA | $1.44 |
| The Legend at Speedway | A1 | 1BR,1BA | $1.40 |
| Pinnacle West | Studio | Studio ,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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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
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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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Pet Friendly LifestyleChapel Hill, Indianapolis, IN
Ranked #150
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Chapel Hill, Indianapolis, IN
School data provided by Great Schools
Frequently Asked Questions about Cheap Chapel Hill Apartments
What is a cheap apartment in Chapel Hill?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Chapel Hill is under $1,025.
What is the price of a cheap apartment in Chapel Hill?
The cheapest apartment in Chapel Hill is Darby Court which is listed at $769, while the average apartment in Chapel Hill costs $1,724.
What types of apartments are the cheapest in Chapel Hill?
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 44 regular apartments in Chapel Hill 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?
Cheap apartments in Chapel Hill have an average cost of $448 which is $1,276 cheaper than the average rent for all rentals in Chapel Hill.
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.
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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!