
Cheap Apartments for Rent in the Chatard Forest Hills Neighborhood of Indianapolis, IN from $600 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in the Chatard Forest Hills area of Indianapolis.


Monon Walk Apartments

Broad Ripple Trails

The Pines at SoBro

Lincolnshire Apartments

Carrollton Manor Apartments
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4901 N Washington Blvd

Willow Brook

Broad Ripple Flats

Versa

5169 Caroline Ave

The Ripple
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Monon Living

6148 Winthrop Ave, Unit 5

5169 Caroline Ave

5910 N Keystone Ave

Total Monthly Price
Broad Ripple Apartments

1015 Northview Avenue
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Compton Court Apartments

6048 N College Ave

The MK

67 W Westfield Blvd

5163 Caroline Ave

5649 N Illinois St
Chatard Forest Hills - 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!

5875 N Keystone Ave
Chatard Forest Hills, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Chatard Forest Hills?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Chatard Forest Hills Studio Apartments | $1,183 | $649 | $1,534 |
| Chatard Forest Hills 1 Bedroom Apartments | $1,253 | $900 | $2,148 |
| Chatard Forest Hills 2 Bedroom Apartments | $1,587 | $979 | $4,926 |
| Chatard Forest Hills 3 Bedroom Apartments | $1,554 | $1,199 | $2,449 |
Browse Apartments in this Neighborhood
There are currently 25 rentals with your search options within a 2 mile radius of the Chatard Forest Hills Neighborhood of Indianapolis, IN.
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Chatard Forest Hills, Indianapolis, IN Local Guide
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Cheapest Available Chatard Forest Hills Apartments for Rent
 The cheapest available apartment rental in the Chatard Forest Hills area of Indianapolis, IN is a Studio unit found at Glenstone Studios priced from $665. Monon Walk Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $810. Here are the most affordable Chatard Forest Hills apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Glenstone Studios | Studio | Studio,1BA | $665 |
| Monon Walk Apartments | Studio | Studio,1BA | $810 |
| Carrollton Manor Apartments | 1 Bed 1 Bath Unfurnished | 1BR,1BA | $900 |
| The Pines at SoBro | 1x1 - Classic | 1BR,1BA | $989 |
| Willow Brook | Two Bedroom One Bath | 2BR,1BA | $1,119 |
Best Value Apartments for Rent in Chatard Forest Hills, IN
As of July 28, 2026 the best value apartment in the Chatard Forest Hills area is the $1.44 price per square foot 2 Bed, 2.5 Bath, 2 car Garage Townhome Model at Townes at Winthrop in the in the Warfleigh neighborhood starting from $2,450. The second greatest value Chatard Forest Hills apartment is the 2 Bedroom 2 Bath Model at The Ripple starting at $2,100 with a $1.77 price per square foot in the Nora neighborhood. Here is today’s list of the best values for Chatard Forest Hills apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Townes at Winthrop | 2 Bed, 2.5 Bath, 2 car Garage Townhome | 2BR,2.5BA | $1.44 |
| The Ripple | 2 Bedroom 2 Bath | 2BR,2BA | $1.77 |
| The Pines at SoBro | 3x1 - Renovated | 3BR,1BA | $1.64 |
| Broad Ripple Trails | 2BR-L Rehab Village | 2BR,1BA | $1.39 |
| The MK | A3 | 1BR,1BA | $2.00 |
| Willow Brook | Two Bedroom One Bath | 2BR,1BA | $1.40 |
| Carrollton Manor Apartments | Short Term Fully Furshished 1 Bed 1 Bath | 1BR,1BA | $1.87 |
| Versa | Classic | 1BR,1BA | $2.42 |
| Monon Walk Apartments | Studio | Studio ,1BA | $1.35 |
| Monon Living | Monon Place II - Studio | Studio ,1BA | $2.39 |
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.
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 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.
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.
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, and customized analysis for Northern Indianapolis. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for the best outdoor access, luxury housing options, pet-friendly features, places to raise kids, proximity to transit, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Chatard Forest Hills Apartments
What is a cheap apartment in Chatard Forest Hills?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Chatard Forest Hills is under $2,100.
What is the price of a cheap apartment in Chatard Forest Hills?
The cheapest apartment in Chatard Forest Hills is Carrollton Manor Apartments which is listed at $900, while the average apartment in Chatard Forest Hills costs $1,429.
What types of apartments are the cheapest in Chatard Forest Hills?
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 23 regular apartments in Chatard Forest Hills 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 Chatard Forest Hills?
Cheap apartments in Chatard Forest Hills have an average cost of $526 which is $903 cheaper than the average rent for all rentals in Chatard Forest Hills.
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

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Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

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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.

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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.
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