Cheap Apartments for Rent in the Chestnut Hills Neighborhood of Indianapolis, IN from $500 (42 Rentals)

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

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Hampshire Court
1 to 2 Bedroom Apartments

Hampshire Court

2455 Rolls DrIndianapolis, IN 46268
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Dogwood Glen
Studio to 2 Bedroom Apartments

Dogwood Glen

2390 Woodglen DrIndianapolis, IN 46260

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.

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Lake Camelot Apartments
1 to 3 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
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Oakbrook Village
1 to 3 Bedroom Apartments

Oakbrook Village

6098 Georgetown RdIndianapolis, IN 46254

Chestnut 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!

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Lakes of Georgetown
1 to 3 Bedroom Apartments

Lakes of Georgetown

6335 Sandyside DrIndianapolis, IN 46268
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Crooked Creek
1 to 2 Bedroom Apartments

Crooked Creek

3947 Point Bar RdIndianapolis, IN 46268

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-42, Page 1 of 1

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 Carlton Apartments priced from $810. Annhurst has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here are the most affordable Chestnut Hills apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Carlton ApartmentsVilla1BR,1BA$810
AnnhurstOne Bed One Bath1BR,1BA$875
Cross Creek ApartmentsTopsider1BR,1BA$890
Enclave Park 100The EnclaveStudio,1BA$899
The George Apartment Homes1Bed/1Bath - Gold1BR,1BA$909
The Woods of Eagle CreekThe Creek: One Bedroom Apartment1BR,1BA$945
Oakbrook VillageThe Walnut 1B 1BA1BR,1BA$946
Lake Camelot Apartments2 Bedroom Garden2BR,1BA$976
King's Reserve College Park 55+ Active LivingStudio AlcoveStudio,1BA$1,025
The Towers at Crooked Creek Senior Housing1BD1BR,1BA$1,045

Best Value Apartments for Rent in Chestnut Hills, IN

As of July 29, 2026 the best value apartment in the Chestnut Hills area is the $1.31 price per square foot Two Bedroom 2 Bath Model at Lakeshore Reserve Off 86th Apartments and Townhomes in the in the Spring Arbor neighborhood starting from $1,275. The second greatest value Chestnut Hills apartment is the The Nest: Two Bedroom Apartment Model at The Woods of Eagle Creek starting at $1,280 with a $1.38 price per square foot in the Cheswick Place 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.
Lakeshore Reserve Off 86th Apartments and TownhomesTwo Bedroom 2 Bath2BR,2BA$1.31
The Woods of Eagle CreekThe Nest: Two Bedroom Apartment2BR,1BA$1.38
The George Apartment Homes2Bed/1.5Bath Townhome - Titanium2BR,1.5BA$1.62
Bishop Pond Apartments2 Bedrooms, 2 Bathrooms2BR,2BA$1.55
Summerwood on Towne Line ApartmentsWillow1BR,1BA$1.65
Lakes of GeorgetownD7401BR,1BA$1.52
Oakbrook VillageThe Willow 1B 1BB1BR,1BA$1.41
Estates at Crystal BayOne Bedroom One Bath1BR,1BA$1.33
Oak Lake at Crooked CreekCanopy1BR,1BA$1.64
AnnhurstOne Bed One Bath1BR,1BA$1.59

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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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 Lifestyle
Chestnut Hills, Indianapolis, IN

Ranked #110

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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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 $1,045.

What is the price of a cheap apartment in Chestnut Hills?

The cheapest apartment in Chestnut Hills is Carlton Apartments which is listed at $810, while the average apartment in Chestnut Hills costs $1,756.

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 2 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 $177 which is $1,579 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

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

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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.

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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.

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Articles, How-To's, and Tips

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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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