
Cheap Homes for Rent in Chestnut Hills Neighborhood of Indianapolis, IN from $400 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Chestnut Hills area of Indianapolis.


4843 Oakwood Trail
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.

3428 Talavera Dr

4827 Flat Stone Pl

2939 Driving Wind Way

6645 Ahern Ct

4839 Oakwood Trail

6342 Hazelhatch Dr

5777 Liberty Creek Dr E
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5735 Pillory Way

8070 Chiltern 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 | $1,750 | $1,550 | $1,950 |
Chestnut Hills 3 Bedroom Homes for Rent | $1,851 | $1,450 | $2,495 |
Chestnut Hills 4 Bedroom Homes for Rent | $2,198 | $1,900 | $2,545 |
Chestnut Hills 5 Bedroom Homes for Rent | $3,999 | $3,999 | $3,999 |
Browse Homes for Rent in this Neighborhood
There are currently 11 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 Dogwood Glen priced from $605. King's Reserve College Park 55+ Active Living has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable Chestnut Hills apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Dogwood Glen | Studio 1 Bath | Studio,1BA | $605 |
King's Reserve College Park 55+ Active Living | Studio King | Studio,1BA | $799 |
Carlton Apartments | Villa | 1BR,1BA | $800 |
Lake Camelot Apartments | 1 Bedroom Garden | 1BR,1BA | $822 |
Annhurst | One Bed One Bath | 1BR,1BA | $849 |
Best Value Apartments for Rent in Chestnut Hills, IN
As of September 15, 2025 the best value apartment in the Chestnut Hills area is the $1.31 price per square foot Three Bedroom 2.5 Bath Townhome Model at Lakeshore Reserve Off 86th Apartments and Townhomes in the in the Spring Arbor neighborhood starting from $1,765. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Lakeshore Reserve Off 86th Apartments and Townhomes | Three Bedroom 2.5 Bath Townhome | 3BR,2.5BA | $1.31 |
Willow Lake Apartments | Meridian | 1BR,1.5BA | $1.45 |
The Woods of Eagle Creek | The Den: Two Bedroom Townhome | 2BR,1.5BA | $1.41 |
The Elliott at College Park Apartment Homes | Two Bedroom 1.5 Bath | 2BR,1.5BA | $1.31 |
Westbury Court | Two Bedroom One Bathroom (CN1) | 2BR,1BA | $1.04 |
Covered Bridge | One Bedroom One Bath | 1BR,1BA | $1.21 |
Lake Camelot Apartments | 1 Bedroom Garden | 1BR,1BA | $1.17 |
Oakbrook Village | The Walnut 1B 1BA | 1BR,1BA | $1.47 |
Estates at Crystal Bay | One Bedroom One Bath | 1BR,1BA | $1.33 |
Annhurst | One Bed One Bath | 1BR,1BA | $1.47 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleChestnut Hills, Indianapolis, IN
Ranked #84
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 $605 to $1,975. There are also 51 Single Family Homes for rent, Condos, and Townhome rentals currently available in Chestnut Hills ranging from $400 to $3,999.
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 $400 to $3,999 with an average monthly rent of $2,039.
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.

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.