
Cheap Apartments for Rent in the Chestnut Hills Neighborhood of Indianapolis, IN from $400 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the Chestnut Hills area of Indianapolis.


6702 Georgetown Rd

Westbury Court

Carlton Apartments

Cross Creek Apartments

King's Reserve College Park - 55+ Senior
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Covered Bridge

Annhurst

The Woods of Eagle Creek

Slate Run Lofts and Apartments

The George Apartment Homes
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

7988 N Michigan Rd

Oakbrook Village

The Elliott at College Park Apartment Homes
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Chestnut Hills, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Chestnut Hills?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Chestnut Hills Studio Apartments | $1,119 | $844 | $1,590 |
Chestnut Hills 1 Bedroom Apartments | $1,187 | $405 | $2,693 |
Chestnut Hills 2 Bedroom Apartments | $1,459 | $860 | $3,510 |
Chestnut Hills 3 Bedroom Apartments | $1,983 | $1,015 | $6,533 |
Chestnut Hills 4 Bedroom Apartments | $2,143 | $1,690 | $2,620 |
Browse Apartments in this Neighborhood
There are currently 20 rentals with your search options within a 3 mile radius of the Chestnut Hills Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Chestnut Hills, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Chestnut Hills Apartments for Rent
 The cheapest available apartment rental in the Chestnut Hills area of Indianapolis, IN is a 1 Bed unit found at Westbury Court priced from $745. Carlton Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $785. Here are the most affordable Chestnut Hills apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Westbury Court | Standard One Bedroom (SN3M) | 1BR,1BA | $745 |
Carlton Apartments | Villa | 1BR,1BA | $785 |
Covered Bridge | Two Bedroom One Bath | 2BR,1BA | $860 |
Lake Camelot Apartments | 1 Bedroom Garden | 1BR,1BA | $864 |
Annhurst | One Bed One Bath | 1BR,1BA | $895 |
Best Value Apartments for Rent in Chestnut Hills, IN
As of June 24, 2025 the best value apartment in the Chestnut Hills area is the $1.56 price per square foot 2 Bedroom 2 Bathroom Apartment with 1175 Square... Model at Preserve at Willow Springs in the in the Spring Arbor neighborhood starting from $1,829. The second greatest value Chestnut Hills apartment is the Meridian Model at Willow Lake Apartments starting at $1,630 with a $1.45 price per square foot in the Spring Arbor neighborhood. Here is today’s list of the best values for Chestnut Hills apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Preserve at Willow Springs | 2 Bedroom 2 Bathroom Apartment with 1175 Square... | 2BR,2BA | $1.56 |
Willow Lake Apartments | Meridian | 1BR,1.5BA | $1.45 |
Estates at Crystal Bay | Two Bedroom 1.5 Bath Townhouse 1000 sq ft | 2BR,1.5BA | $1.23 |
Bishop Pond Residences Apartments | 2 BR 2 BA - 1st Floor | 2BR,2BA | $1.58 |
Lakes of Georgetown | D740 | 1BR,1BA | $1.49 |
Covered Bridge | One Bedroom One Bath | 1BR,1BA | $1.30 |
Lake Camelot Apartments | 1 Bedroom Garden | 1BR,1BA | $1.23 |
The Woods of Eagle Creek | The Creek: One Bedroom Apartment | 1BR,1BA | $1.33 |
Oakbrook Village | The Walnut 1B 1BA | 1BR,1BA | $1.47 |
Annhurst | One Bed One Bath | 1BR,1BA | $1.55 |
Quick 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.
Pet Friendly LifestyleChestnut Hills, Indianapolis, IN
Ranked #86
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Chestnut Hills, Indianapolis, IN
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Chestnut Hills, Indianapolis, and the greater Indianapolis area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for easy access to the parks, luxury amenities, pet-friendly features, family-friendliness, proximity to transit, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Chestnut Hills Apartments
What is the Cheapest Studio apartment in Chestnut Hills?
Currently the most affordable Cheap Studio Apartment in Chestnut Hills is at Slate Run Lofts and Apartments listed at $1,164.
How much is rent for a Cheap One Bedroom Chestnut Hills Apartment?
The lowest price for a Cheap One Bedroom Chestnut Hills Apartment is $785 at Carlton Apartments.
What is the lowest price for a Cheap Two Bedroom Chestnut Hills Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Chestnut Hills is starting from $860 at Covered Bridge.
What is the most affordable Chestnut Hills Three Bedroom Apartment?
The best deal on a cheap Chestnut Hills Three Bedroom Apartment rental is at Estates at Crystal Bay and starts from $1,015.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.