Cheap Apartments for Rent in the Chatard Forest Hills Neighborhood of Indianapolis, IN from $600 (25 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Chatard Forest Hills area of Indianapolis.

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property at 5169 Caroline Ave

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

1 Bedroom, 1 Bath Home for Rent

Available Sep 1

5169 Caroline Ave

IndianapolisIN46205

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property at 1015 Northview Avenue

$1,699

Total Monthly Price

Total Monthly Price

Base Rent
$1,699

Total Monthly Price
$1,699

1 Bedroom, 1 Bath Home for Rent

Available Now

1015 Northview Avenue

IndianapolisIN46220

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

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The MK
Studio to 3 Bedroom Apartments

The MK

5858 N College AveIndianapolis, IN 46220
Corporate Housing

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!

Chatard Forest Hills, Indianapolis, IN Local Guide

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 ListingModel NameBed/BathPriced From
Glenstone StudiosStudioStudio,1BA$665
Monon Walk ApartmentsStudioStudio,1BA$810
Carrollton Manor Apartments1 Bed 1 Bath Unfurnished1BR,1BA$900
The Pines at SoBro1x1 - Classic1BR,1BA$989
Willow BrookTwo Bedroom One Bath2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Townes at Winthrop2 Bed, 2.5 Bath, 2 car Garage Townhome2BR,2.5BA$1.44
The Ripple2 Bedroom 2 Bath2BR,2BA$1.77
The Pines at SoBro3x1 - Renovated3BR,1BA$1.64
Broad Ripple Trails2BR-L Rehab Village2BR,1BA$1.39
The MKA31BR,1BA$2.00
Willow BrookTwo Bedroom One Bath2BR,1BA$1.40
Carrollton Manor ApartmentsShort Term Fully Furshished 1 Bed 1 Bath1BR,1BA$1.87
VersaClassic1BR,1BA$2.42
Monon Walk ApartmentsStudioStudio ,1BA$1.35
Monon LivingMonon Place II - StudioStudio ,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.

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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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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.

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