Cheap Apartments for Rent in the Chapel Hill Neighborhood of Indianapolis, IN from $400 (39 Rentals)

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

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Wynbrooke Senior Apartments
Rent Specials
$1,270 - $1,665
Total Monthly Price

Total Monthly Price

Base Rent
$1,270 - $1,665
Total Monthly Price
$1,270 - $1,665
1 to 2 Bedroom Apartments Available Now

Wynbrooke Senior Apartments

10318 E County Road 200 NIndianapolis, IN 46234
Senior Living
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  • Customer Reviewed
  • Utilities Included
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1448 S Kiel Ave
$1,395
Total Monthly Price

Total Monthly Price

Base Rent
$1,395
Total Monthly Price
$1,395
1 Bedroom Apartment Available Aug 9

1448 S Kiel Ave

1448 S Kiel AveIndianapolis, IN 46241
Affordability

Rent According to Income: A Look at Income-Restricted Rentals

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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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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

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

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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Mariwood
2 to 4 Bedroom Apartments

Mariwood

9231 Mariwood PkyIndianapolis, IN 46234
  • Utilities Included
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Northwoods Apartments
Studio to 2 Bedroom Apartments

Northwoods Apartments

816 Winding Brook East DrIndianapolis, IN 46234
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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

Chapel Hill - 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!

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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
Showing Results 1-39, Page 1 of 1

Chapel Hill, Indianapolis, IN Local Guide

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 $715. Pinnacle West has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Chapel Hill apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Boardwalk at Westlake Apartments and TownhomesStudio - 441 sqftStudio,1BA$715
Pinnacle WestOne Bedroom1BR,1BA$750
The Legend at SpeedwayA11BR,1BA$799
Darby CourtStandard One Bedroom (SN2)1BR,1BA$851
The Park at Greenhill1 Bedroom, 1 Bath 654 SF - Creek Side1BR,1BA$901
The Hills Apartment Homes1x1 Classic1BR,1BA$949
10 West ApartmentsThe Abbey1BR,1BA$976
Ashton PointeOne Bedroom Apartment1BR,1BA$985
Carriage House WestThe Windsor1BR,1BA$995
SuncrestMirage1BR,1BA$999

Best Value Apartments for Rent in Chapel Hill, IN

As of July 29, 2026 the best value apartment in the Chapel Hill area is the $1.18 price per square foot Newport 2 Model at Runaway Bay Apartments in the in the Cheswick Place neighborhood starting from $1,449. The second greatest value Chapel Hill apartment is the Three Bedroom Townhome Model at Ashton Pointe starting at $1,597 with a $1.44 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Runaway Bay ApartmentsNewport 22BR,2BA$1.18
Ashton PointeThree Bedroom Townhome3BR,1.5BA$1.44
Carriage House WestThe Kincaid2BR,1.5BA$1.35
The HermitageThe Haven2BR,2BA$1.48
Chapel Hill ApartmentsThe Everglade2BR,1BA$1.31
Residences on Ronald ReaganDutch1BR,1BA$1.42
Eagle Lake LandingThe Pier1BR,1BA$1.35
10 West ApartmentsThe Abbey1BR,1BA$1.24
The Legend at SpeedwayA11BR,1BA$1.40
Pinnacle WestStudioStudio ,1BA$1.38

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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

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Real 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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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 Lifestyle
Chapel Hill, Indianapolis, IN

Ranked #131

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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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 $999.

What is the price of a cheap apartment in Chapel Hill?

The cheapest apartment in Chapel Hill is Pinnacle West which is listed at $750, while the average apartment in Chapel Hill costs $1,719.

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 58 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 $442 which is $1,277 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.

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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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