
Cheap Homes for Rent in Chestnut Hills Neighborhood of Indianapolis, IN from $800 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Chestnut Hills area of Indianapolis.


6920 Chrysler St

6920 Chrysler St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

8354 Glenwillow Ln, Unit 104

Furnished Studio-Indianapolis - Northwest - I-465

4811 Oakforge Dr
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.

9332 Cinnebar Dr
Chestnut Hills, Indianapolis, IN Local Guide

How much does it cost to rent a home in Chestnut Hills?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Chestnut Hills 2 Bedroom Homes for Rent | $1,675 | $1,550 | $1,800 |
| Chestnut Hills 3 Bedroom Homes for Rent | $1,959 | $800 | $3,050 |
| Chestnut Hills 4 Bedroom Homes for Rent | $2,405 | $1,950 | $2,765 |
Browse Homes for Rent in this Neighborhood
There are currently 7 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 Studio unit found at Annhurst priced from $735. Cross Creek Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $890. Here are the most affordable Chestnut Hills apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Annhurst | Studio | Studio,1BA | $735 |
| Cross Creek Apartments | Topsider | 1BR,1BA | $890 |
| Oakbrook Village | The Walnut 1B 1BA | 1BR,1BA | $946 |
Best Value Apartments for Rent in Chestnut Hills, IN
As of July 07, 2026 the best value apartment in the Chestnut Hills area is the $1.19 price per square foot Three Bedroom Townhome (T3) Model at Westbury Court in the in the Spring Arbor neighborhood starting from $1,474. The second greatest value Chestnut Hills apartment is the D1201 Model at Lakes of Georgetown starting at $1,556 with a $1.30 price per square foot in the Faith Knoll 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. |
|---|---|---|---|
| Westbury Court | Three Bedroom Townhome (T3) | 3BR,2.5BA | $1.19 |
| Lakes of Georgetown | D1201 | 3BR,2BA | $1.30 |
| Estates at Crystal Bay | Three Bedroom 1.5 Bath Townhouse 1150 sq ft | 3BR,1.5BA | $1.00 |
| The Elliott at College Park Apartment Homes | Two Bedroom 1.5 Bath | 2BR,1.5BA | $1.07 |
| Crooked Creek | The Emerald & The Jade | 2BR,1.5BA | $1.42 |
| The Lakes Apartments | Huntington | 2BR,1BA | $1.63 |
| Lake Camelot Apartments | 2 Bedroom Garden | 2BR,1BA | $1.08 |
| The Woods of Eagle Creek | The Creek: One Bedroom Apartment | 1BR,1BA | $1.40 |
| Oakbrook Village | The Willow 1B 1BB | 1BR,1BA | $1.44 |
| Lakeshore Reserve Off 86th Apartments and Townhomes | One Bedroom | 1BR,1BA | $1.42 |
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.
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
Read ArticleReal 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.
Read ArticleQuick 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 #101
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
Frequently Asked Questions about Chestnut Hills
What type of rentals are currently available in Chestnut Hills?
There are currently 42 Apartments for Rent in Chestnut Hills, IN with pricing that ranges from $735 to $2,339. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Chestnut Hills ranging from $800 to $3,050.
What is the current price range for Rental Homes in Chestnut Hills?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Chestnut Hills ranges from $800 to $3,050 with an average monthly rent of $2,197.
How much are larger Three and Four Bedroom Rentals in Chestnut Hills?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Chestnut Hills range from $1,299 to $1,798, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $3,050. Four Bedroom Single-Family rentals are also available starting from $1,950 and Four Bedroom Apartments start at $1,756.
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.

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
Articles, How-To's, and Tips

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.