Cheap Apartments for Rent in the Chestnut Hills Neighborhood of Indianapolis, IN from $400 (20 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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.

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Hampshire Court
1 to 2 Bedroom Apartments

Hampshire Court

2455 Rolls DrIndianapolis, IN 46268

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.

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Lake Camelot Apartments
1 to 2 Bedroom Apartments

Lake Camelot Apartments

6475 Excalibur CtIndianapolis, IN 46268
  • Utilities Included
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Slate Run Lofts
Studio to 2 Bedroom Apartments

Slate Run Lofts

9555 International DrIndianapolis, IN 46268
  • Smoke Free

Chestnut Hills, Indianapolis, IN Local Guide

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 ListingModel NameBed/BathPriced From
Westbury CourtStandard One Bedroom (SN3M)1BR,1BA$745
Carlton ApartmentsVilla1BR,1BA$785
Covered BridgeTwo Bedroom One Bath2BR,1BA$860
Lake Camelot Apartments1 Bedroom Garden1BR,1BA$864
AnnhurstOne Bed One Bath1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Preserve at Willow Springs2 Bedroom 2 Bathroom Apartment with 1175 Square...2BR,2BA$1.56
Willow Lake ApartmentsMeridian1BR,1.5BA$1.45
Estates at Crystal BayTwo Bedroom 1.5 Bath Townhouse 1000 sq ft2BR,1.5BA$1.23
Bishop Pond Residences Apartments2 BR 2 BA - 1st Floor2BR,2BA$1.58
Lakes of GeorgetownD7401BR,1BA$1.49
Covered BridgeOne Bedroom One Bath1BR,1BA$1.30
Lake Camelot Apartments1 Bedroom Garden1BR,1BA$1.23
The Woods of Eagle CreekThe Creek: One Bedroom Apartment1BR,1BA$1.33
Oakbrook VillageThe Walnut 1B 1BA1BR,1BA$1.47
AnnhurstOne Bed One Bath1BR,1BA$1.55

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Chestnut Hills, Indianapolis, IN

Ranked #86

Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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, 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.

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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.

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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.

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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.

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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.