Cheap Apartments for Rent in the Cheswick Place Neighborhood of Indianapolis, IN from $400 (75 Rentals)

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

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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property at 1254 W 23rd St

1254 W 23rd St

IndianapolisIN46208

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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Cash 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.

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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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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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Cheswick Place, Indianapolis, IN Local Guide

Cheapest Available Cheswick Place Apartments for Rent

 

The cheapest available apartment rental in the Cheswick Place area of Indianapolis, IN is a Studio unit found at Meridian Towers priced from $629. The Stratford has the second lowest priced unit, which is a Studio apartment currently listed from $660. Here are the most affordable Cheswick Place apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Meridian TowersStudio ApartmentStudio,1BA$629
The StratfordStudioStudio,1BA$660
Oxmoor Indy1BR/1.0BA1BR,1BA$699
34 North ApartmentsStudioStudio,1BA$725
Cambridge CommonsStudioStudio,1BA$750
St. Agnes Apartments514 StudioStudio,1BA$765
The Fields Apartment Homes1x1 Classic1BR,1BA$779
The Cedars Apartment HomesStudio Apartment - ClassicStudio,1BA$779
Parkway1 Bedroom1BR,1BA$799
The Legend at SpeedwayA11BR,1BA$799

Best Value Apartments for Rent in Cheswick Place, IN

As of December 15, 2025 the best value apartment in the Cheswick Place area is the $1.21 price per square foot AUB2RENO Model at Aura Apartments in the in the Cheswick Place neighborhood starting from $1,450. The second greatest value Cheswick Place apartment is the CYPRESS Model at The Life at White Pines starting at $1,536 with a $1.28 price per square foot in the Cheswick Place neighborhood. Here is today’s list of the best values for Cheswick Place apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Aura ApartmentsAUB2RENO2BR,1BA$1.21
The Life at White PinesCYPRESS3BR,2BA$1.28
Mansion Row - Where Historic Charm Meets Modern Convenience!7178B1 Traditional 2x2 (1100 sqft)2BR,2BA$1.18
The Star2 Bed2BR,1BA$0.76
205 - MERIDIAN PLAZA APARTMENTS*Meridian Plaza*2BR,1BA$0.92
Canal Gardens2.1 40%2BR,1BA$0.93
Eagle Creek CourtTwo Bedroom One Bathroom (CN1)2BR,1BA$1.14
The Stratford1 Bedroom 1 Bathroom1BR,1BA$1.25
Oxmoor Indy1BR/1.0BA1BR,1BA$1.00
The Fields Apartment Homes1x1 Classic1BR,1BA$1.18

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.

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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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Quick 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.

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Pet Friendly Lifestyle
Cheswick Place, Indianapolis, IN

Ranked #27

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

Our team of engineers and researchers compiles millions of data points to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Cheswick Place, Indianapolis, and the greater Indianapolis area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for outdoor amenities like tennis courts, luxury amenities, places to raise kids, raising pets, transit options, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Cheswick Place Apartments

What is a cheap apartment in Cheswick Place?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Cheswick Place is under $799.

What is the price of a cheap apartment in Cheswick Place?

The cheapest apartment in Cheswick Place is Oxmoor Indy which is listed at $699, while the average apartment in Cheswick Place costs $4,407.

What types of apartments are the cheapest in Cheswick Place?

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 35 regular apartments in Cheswick Place 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 Cheswick Place?

Cheap apartments in Cheswick Place have an average cost of $127 which is $4,280 cheaper than the average rent for all rentals in Cheswick Place.

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.

Articles, How-To's, and Tips

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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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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!