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$1,1502 Bedroom Apartments Available Now
1269 Farley Dr, Unit 1269
1269 Farley DrIndianapolis, IN 46214
Cheap Homes for Rent in Chapel Hill Neighborhood of Indianapolis, IN from $1,600 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Chapel Hill area of Indianapolis.
8605 Lighthorse Dr
IndianapolisIN46231
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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$1,709Studio Apartments Available Now
Furnished Studio-Indianapolis - West
8045 Rockville RdIndianapolis, IN 46214
809 Delray Dr
IndianapolisIN46241
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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Chapel Hill, Indianapolis, IN Local Guide
How much does it cost to rent a home in Chapel Hill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Chapel Hill 3 Bedroom Homes for Rent | $1,917 | $1,885 | $1,949 |
Browse Homes for Rent in this Neighborhood
There are currently 4 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
- Nearby Indianapolis neighborhoods
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Best Value Apartments for Rent in Chapel Hill, IN
As of May 04, 2026 the best value apartment in the Chapel Hill area is the $1.41 price per square foot Eureka Model at Residences on Ronald Reagan in the in the West Wayne neighborhood starting from $1,677. The second greatest value Chapel Hill apartment is the Newport 1 Model at Runaway Bay Apartments starting at $1,564 with a $1.39 price per square foot in the Cheswick Place 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. |
|---|---|---|---|
| Residences on Ronald Reagan | Eureka | 2BR,2BA | $1.41 |
| Runaway Bay Apartments | Newport 1 | 2BR,2BA | $1.39 |
| Carriage House West | The Kincaid | 2BR,1.5BA | $1.40 |
| Eagle Lake Landing | The Sand Piper | 2BR,2BA | $1.33 |
| 10 West Apartments | The Dakota | 2BR,1BA | $1.29 |
| Wyckford Commons | The Iris | 1BR,1BA | $1.39 |
| Ashton Pointe | One Bedroom Apartment | 1BR,1BA | $1.47 |
| Stanford Court | Deluxe One Bedroom (AN) | 1BR,1BA | $1.47 |
| The Legend at Speedway | A1 | 1BR,1BA | $1.40 |
| Pinnacle West | Studio | Studio ,1BA | $1.38 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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.
Read ArticleThe 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
Read ArticleQuick 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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Pet Friendly LifestyleChapel Hill, Indianapolis, IN
Ranked #131
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 Chapel Hill
What type of rentals are currently available in Chapel Hill?
There are currently 46 Apartments for Rent in Chapel Hill, IN with pricing that ranges from $750 to $3,784. There are also 7 Single Family Homes for rent, Condos, and Townhome rentals currently available in Chapel Hill ranging from $1,885 to $1,949.
What is the current price range for Rental Homes in Chapel Hill?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Chapel Hill ranges from $1,885 to $1,949 with an average monthly rent of $1,917.
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
Written by: Wendy Melton
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.