
Cheap Apartments for Rent in the Chestnut Hills Neighborhood of Indianapolis, IN from $500 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in the Chestnut Hills area of Indianapolis.


6702 Georgetown Rd

Westbury Court
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Carlton Apartments

Cross Creek Apartments

King's Reserve College Park - 55+ Senior

Annhurst

Covered Bridge

The Woods of Eagle Creek
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Slate Run Lofts and Apartments

The George Apartment Homes

7988 N Michigan Rd

Oakbrook Village
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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 | $1,111 | $844 | $1,590 |
Chestnut Hills 1 Bedroom Apartments | $1,184 | $597 | $2,781 |
Chestnut Hills 2 Bedroom Apartments | $1,420 | $1,005 | $3,446 |
Chestnut Hills 3 Bedroom Apartments | $1,779 | $1,015 | $6,488 |
Chestnut Hills 4 Bedroom Apartments | $1,945 | $1,945 | $1,945 |
Browse Apartments in this Neighborhood
There are currently 19 rentals with your search options within a 3 mile radius of the Chestnut Hills Neighborhood of Indianapolis, IN.
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Chestnut Hills, Indianapolis, IN Local Guide
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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 Carlton Apartments priced from $785. Annhurst has the second lowest priced unit, which is a 1 Bed apartment currently listed from $849. Here are the most affordable Chestnut Hills apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Carlton Apartments | Villa | 1BR,1BA | $785 |
Annhurst | One Bed One Bath | 1BR,1BA | $849 |
Lake Camelot Apartments | 1 Bedroom Garden | 1BR,1BA | $850 |
Covered Bridge | One Bedroom One Bath | 1BR,1BA | $918 |
The Woods of Eagle Creek | The Creek: One Bedroom Apartment | 1BR,1BA | $930 |
Best Value Apartments for Rent in Chestnut Hills, IN
As of July 14, 2025 the best value apartment in the Chestnut Hills area is the $0.88 price per square foot Three Bedroom 1.5 Bath Townhouse 1150 sq ft Model at Estates at Crystal Bay in the in the Faith Knoll neighborhood starting from $1,015. The second greatest value Chestnut Hills apartment is the Keystone Model at Willow Lake Apartments starting at $1,610 with a $1.47 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. |
---|---|---|---|
Estates at Crystal Bay | Three Bedroom 1.5 Bath Townhouse 1150 sq ft | 3BR,1.5BA | $0.88 |
Willow Lake Apartments | Keystone | 1BR,1BA | $1.47 |
The Woods of Eagle Creek | The Den: Two Bedroom Townhome | 2BR,1.5BA | $1.41 |
Westbury Court | Two Bedroom One Bathroom (CN1) | 2BR,1BA | $1.04 |
The Villages of Bent Tree Apartments | The Willow - 2 Bedroom 1 Bath | 2BR,1BA | $1.51 |
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 | $1.21 |
Oakbrook Village | The Walnut 1B 1BA | 1BR,1BA | $1.47 |
Annhurst | One Bed One Bath | 1BR,1BA | $1.47 |
Quick Rent Budget Calculator
How much rent can you afford?
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Pet Friendly LifestyleChestnut Hills, Indianapolis, IN
Ranked #105
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet 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 a cheap apartment in Chestnut Hills?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Chestnut Hills is under $1,015.
What is the price of a cheap apartment in Chestnut Hills?
The cheapest apartment in Chestnut Hills is Carlton Apartments which is listed at $785, while the average apartment in Chestnut Hills costs $1,945.
What types of apartments are the cheapest in Chestnut 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 38 regular apartments in Chestnut 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 Chestnut Hills?
Cheap apartments in Chestnut Hills have an average cost of $150 which is $1,795 cheaper than the average rent for all rentals in Chestnut Hills.
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.