Cheap Apartments for Rent in the Cheswick Place Neighborhood of Indianapolis, IN from $400 (80 Rentals)

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

property at 1254 W 23rd St

$750 - $795

1 To 2 Bedroom Rentals

Available Now

1254 W 23rd St

IndianapolisIN46208

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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 The Stratford priced from $620. Meridian Towers has the second lowest priced unit, which is a Studio apartment currently listed from $629. Here are the most affordable Cheswick Place apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The StratfordStudioStudio,1BA$620
Meridian TowersStudio ApartmentStudio,1BA$629
Oxmoor Indy1BR/1.0BA1BR,1BA$699
The Sheldrake ApartmentsStudio HybridStudio,1BA$700
34 North ApartmentsStudioStudio,1BA$725
Wildwood Village Apartments1 Bedroom 1 Bathroom1BR,1BA$750
The Life at Northwest Gardens1 BED 1 BATH1BR,1BA$759
The Cedars Apartment HomesStudio Apartment - ClassicStudio,1BA$779
St. Agnes ApartmentsStudio- Large 5th*Studio,1BA$789
The Legend at SpeedwayA11BR,1BA$799

Best Value Apartments for Rent in Cheswick Place, IN

As of January 27, 2026 the best value apartment in the Cheswick Place area is the $0.76 price per square foot 2 Bed Model at The Star in the in the Martindale neighborhood starting from $799. The second greatest value Cheswick Place apartment is the AUA2RENO Model at Aura Apartments starting at $1,125 with a $1.10 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.
The Star2 Bed2BR,1BA$0.76
Aura ApartmentsAUA2RENO1BR,1BA$1.10
The Life at Creekside ReserveJUNIPER2BR,1.5BA$1.23
Canal Gardens2.1 40%2BR,1BA$0.93
The Maywood at SpeedwayThe Santa Maria2BR,1.5BA$1.29
Wildwood Village Apartments2 Bedroom 1 Bathroom2BR,1BA$1.28
Mansion Row - Where Historic Charm Meets Modern Convenience!7178A5 1x1.5 (800 sqft)1BR,1.5BA$1.25
The Stratford1 Bedroom 1 Bathroom1BR,1BA$1.18
Oxmoor Indy1BR/1.0BA1BR,1BA$1.00
The Meadows Apartment Homes1x1 Hartford Classic1BR,1BA$1.28

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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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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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 12 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 $105 which is $4,302 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.

Helpful Local Expert Guides

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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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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.

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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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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

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