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$740 - $3,075Studio to 3 Bedroom Apartments Available Now
The Boardwalk at Westlake Apartments and Townhomes
6000 Westlake DrIndianapolis, IN 46224
Cheap Apartments for Rent in the Chapel Hill Neighborhood of Indianapolis, IN from $400 (12 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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$759 - $1,529Studio to 2 Bedroom Apartments Available Now
Pinnacle West
230 Welcome Way BlvdIndianapolis, IN 46214
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$767 - $1,3061 to 2 Bedroom Apartments Contact Us For Availability
Eagle Creek Court
2148 Augusta Dr EIndianapolis, IN 46224
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1 to 4 Bedroom Apartments
Addison Creek
58 Port Ocall DrIndianapolis, IN 46224
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1 to 3 Bedroom Apartments
Cloverleaf Apartments & Townhomes
835 Cloverleaf TerIndianapolis, IN 46241
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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Studio to 3 Bedroom Apartments
Pinewood Village Apartments
5402 Norfolk WayIndianapolis, IN 46224
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1 to 3 Bedroom Apartments
Remington on Rockville
7455 Rockleigh AveIndianapolis, IN 46214
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1 to 3 Bedroom Apartments
Sebring Court
1902 Parsons DrIndianapolis, IN 46224
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2 to 4 Bedroom Apartments
Mariwood
9231 Mariwood PkyIndianapolis, IN 46234
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$773 - $1,4281 to 2 Bedroom Apartments Contact Us For Availability
Stanford Court
1815 Foyt DrSpeedway, IN 46224
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1 to 2 Bedroom Apartments
The Legend at Speedway
2202 Fair Oaks DrSpeedway, IN 46224
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.
Showing Results 1-12, 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 | $912 | $740 | $1,709 |
| Chapel Hill 1 Bedroom Apartments | $1,115 | $765 | $2,605 |
| Chapel Hill 2 Bedroom Apartments | $1,380 | $940 | $3,606 |
| Chapel Hill 3 Bedroom Apartments | $1,883 | $1,356 | $4,684 |
| Chapel Hill 4 Bedroom Apartments | $3,791 | $1,663 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Chapel Hill Neighborhood of Indianapolis, IN.
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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 The Boardwalk at Westlake Apartments and Townhomes priced from $740. 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 |
|---|---|---|---|
| The Boardwalk at Westlake Apartments and Townhomes | Studio - 441 sqft | Studio,1BA | $740 |
| Pinnacle West | Studio | Studio,1BA | $759 |
| The Legend at Speedway | A1 | 1BR,1BA | $799 |
| The Park at Greenhill | 1 Bedroom, 1 Bath 654 SF - Creek Side | 1BR,1BA | $901 |
| The Hills Apartment Homes | 1x1 Classic | 1BR,1BA | $939 |
Best Value Apartments for Rent in Chapel Hill, IN
As of June 14, 2026 the best value apartment in the Chapel Hill area is the $1.05 price per square foot Two Bedroom Townhome (T1) Model at Darby Court in the in the Speedway Wellhead neighborhood starting from $1,310. The second greatest value Chapel Hill apartment is the Three Bed Two and a Half Bath Townhome (T3) Model at Sebring Court starting at $1,423 with a $1.15 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. |
|---|---|---|---|
| Darby Court | Two Bedroom Townhome (T1) | 2BR,2.5BA | $1.05 |
| Sebring Court | Three Bed Two and a Half Bath Townhome (T3) | 3BR,2.5BA | $1.15 |
| Runaway Bay Apartments | Newport 1 | 2BR,2BA | $1.33 |
| The Hermitage | The Alcove | 3BR,2BA | $1.46 |
| Carriage House West | The Kincaid | 2BR,1.5BA | $1.35 |
| 5841 W 25th St, Unit 1 or 4 | 5841 W 25th St | 2BR,1BA | $1.22 |
| Eagle Lake Landing | The Islander | 1BR,1BA | $1.32 |
| 10 West Apartments | The Abbey | 1BR,1BA | $1.24 |
| 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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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
Read ArticleReal 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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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 #125
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 $1,095.
What is the price of a cheap apartment in Chapel Hill?
The cheapest apartment in Chapel Hill is The Boardwalk at Westlake Apartments and Townhomes which is listed at $765, while the average apartment in Chapel Hill costs $1,743.
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 72 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 $463 which is $1,280 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.
Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
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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
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.