
Cheap Apartments for Rent in the Chapel Hill Neighborhood of Indianapolis, IN from $400 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Chapel Hill area of Indianapolis.


Ashgrove Apartments

Pinnacle West

The Boardwalk at Westlake Apartments and Townhomes
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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 | $897 | $750 | $1,704 | 
| Chapel Hill 1 Bedroom Apartments | $1,107 | $727 | $2,514 | 
| Chapel Hill 2 Bedroom Apartments | $1,365 | $929 | $3,001 | 
| Chapel Hill 3 Bedroom Apartments | $1,759 | $1,299 | $3,729 | 
| Chapel Hill 4 Bedroom Apartments | $3,300 | $1,619 | $8,135 | 
Browse Apartments in this Neighborhood
There are currently 11 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 Ashgrove Apartments priced from $750. Pinnacle West has the second lowest priced unit, which is a Studio apartment currently listed from $759. Here are the most affordable Chapel Hill apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From | 
|---|---|---|---|
| Ashgrove Apartments | Studio | Studio,1BA | $750 | 
| Pinnacle West | Studio | Studio,1BA | $759 | 
| The Boardwalk at Westlake Apartments and Townhomes | Studio - 467 sqft | Studio,1BA | $775 | 
| The Legend at Speedway | A1 | 1BR,1BA | $816 | 
| Darby Court | Standard One Bedroom (SN2) | 1BR,1BA | $833 | 
Best Value Apartments for Rent in Chapel Hill, IN
As of October 31, 2025 the best value apartment in the Chapel Hill area is the $1.41 price per square foot 3 Bed 2 Bath Renovated Model at Steeplechase at Shiloh Crossing in the in the West Wayne neighborhood starting from $1,695. The second greatest value Chapel Hill apartment is the Three Bedroom Townhome Model at Ashton Pointe starting at $1,544 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. | 
|---|---|---|---|
| Steeplechase at Shiloh Crossing | 3 Bed 2 Bath Renovated | 3BR,2BA | $1.41 | 
| Ashton Pointe | Three Bedroom Townhome | 3BR,1.5BA | $1.39 | 
| Sebring Court | Two Bedroom Two Bathroom (C3M) | 2BR,2BA | $1.05 | 
| 10 West Apartments | The Broadway | 2BR,2BA | $1.31 | 
| Eagle Lake Landing | The Pier | 1BR,1BA | $1.44 | 
| Covington Square | Two Bedroom One Bath | 2BR,1BA | $1.18 | 
| Wyckford Commons | The Artemis | 1BR,1BA | $1.47 | 
| 6107 W 25th St, Unit 2 | 6107 W 25th St | 2BR,1BA | $1.48 | 
| The Legend at Speedway | A1 | 1BR,1BA | $1.43 | 
| Pinnacle West | Studio | Studio ,1BA | $1.38 | 
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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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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
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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Pet Friendly LifestyleChapel Hill, Indianapolis, IN
Ranked #160
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 the Cheapest Studio apartment in Chapel Hill?
Currently the most affordable Cheap Studio Apartment in Chapel Hill is at Ashgrove Apartments listed at $750.
How much is rent for a Cheap One Bedroom Chapel Hill Apartment?
The lowest price for a Cheap One Bedroom Chapel Hill Apartment is $810 at The Boardwalk at Westlake Apartments and Townhomes.
What is the lowest price for a Cheap Two Bedroom Chapel Hill Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Chapel Hill is starting from $929 at The Hills Apartment Homes.
What is the most affordable Chapel Hill Three Bedroom Apartment?
The best deal on a cheap Chapel Hill Three Bedroom Apartment rental is at The Hills Apartment Homes and starts from $1,299.
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.

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.

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!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.






