3712 Oil Creek Dr
IndianapolisIN46268
Cheap Apartments for Rent in the Chestnut Hills Neighborhood of Indianapolis, IN from $500 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Chestnut Hills area of Indianapolis.
6702 Georgetown Rd
IndianapolisIN46268
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$695 - $2,085Studio to 2 Bedroom Apartments Available Jan 14, 2026
Dogwood Glen
2390 Woodglen DrIndianapolis, IN 46260
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$746 - $1,4041 to 3 Bedroom Apartments Available Now
Westbury Court
7747 Santa Monica DrIndianapolis, IN 46268
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$800 - $1,2001 to 2 Bedroom Apartments Available Now
Carlton Apartments
2629 Plaza DrIndianapolis, IN 46268
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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$800 - $1,529Studio to 2 Bedroom Apartments Available Now
Slate Run Lofts and Apartments
9555 International CirIndianapolis, IN 46268
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$809 - $1,2791 to 3 Bedroom Apartments Available Now
Covered Bridge
4909 Covered Bridge RdIndianapolis, IN 46268
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$844 - $1,639Studio to 2 Bedroom Apartments Contact Us For Availability
King's Reserve College Park 55+ Active Living
8810 Colby BlvdIndianapolis, IN 46268
8056 Pebble Creek Ct
IndianapolisIN46268
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.
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$890 - $1,1701 to 2 Bedroom Apartments Available Now
Cross Creek Apartments
5756 Cross Creek DrIndianapolis, IN 46254
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Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.
Showing Results 1-15, Page 1 of 1
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 | $1,001 | $695 | $1,649 |
| Chestnut Hills 1 Bedroom Apartments | $1,095 | $597 | $1,910 |
| Chestnut Hills 2 Bedroom Apartments | $1,392 | $975 | $2,085 |
| Chestnut Hills 3 Bedroom Apartments | $1,461 | $1,149 | $1,790 |
Browse Apartments in this Neighborhood
There are currently 15 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 Westbury Court priced from $797. Slate Run Lofts and Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $800. 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 (SN4) | 1BR,1BA | $797 |
| Slate Run Lofts and Apartments | Studio-Apts | Studio,1BA | $800 |
| Lake Camelot Apartments | 1 Bedroom Garden | 1BR,1BA | $806 |
| Annhurst | One Bed One Bath | 1BR,1BA | $809 |
| Covered Bridge | One Bedroom One Bath | 1BR,1BA | $809 |
Best Value Apartments for Rent in Chestnut Hills, IN
As of December 26, 2025 the best value apartment in the Chestnut Hills area is the $1.20 price per square foot 2 Bedroom Townhome Model at Lake Camelot Apartments in the in the Faith Knoll neighborhood starting from $1,318. The second greatest value Chestnut Hills apartment is the Keystone Model at Willow Lake Apartments starting at $1,510 with a $1.38 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. |
|---|---|---|---|
| Lake Camelot Apartments | 2 Bedroom Townhome | 2BR,2BA | $1.20 |
| Willow Lake Apartments | Keystone | 1BR,1BA | $1.38 |
| The Woods of Eagle Creek | The Den: Two Bedroom Townhome | 2BR,1.5BA | $1.41 |
| The Elliott at College Park Apartment Homes | One Bedroom | 1BR,1BA | $1.40 |
| Lakes of Georgetown | D740 | 1BR,1BA | $1.49 |
| Covered Bridge | One Bedroom One Bath | 1BR,1BA | $1.15 |
| Oakbrook Village | The Walnut 1B 1BA | 1BR,1BA | $1.39 |
| Estates at Crystal Bay | One Bedroom One Bath | 1BR,1BA | $1.46 |
| Cross Creek Apartments | Mariner | 1BR,1BA | $1.38 |
| Annhurst | One Bed One Bath | 1BR,1BA | $1.40 |
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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The 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
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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 LifestyleChestnut Hills, Indianapolis, IN
Ranked #98
Among cities in Indiana 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 $949.
What is the price of a cheap apartment in Chestnut Hills?
The cheapest apartment in Chestnut Hills is Westbury Court which is listed at $797, while the average apartment in Chestnut Hills costs $1,415.
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 43 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 $237 which is $1,178 cheaper than the average rent for all rentals in Chestnut 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
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.
Articles, How-To's, and Tips
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!