Cheap Apartments for Rent in the Cheswick Place Neighborhood of Indianapolis, IN from $400 (130 Rentals)

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

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property at 1254 W 23rd St

$875 - $925

2 Bedroom Rentals

Available Now

1254 W 23rd St

IndianapolisIN46208

Cheswick Place - 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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property at 3450 Graceland Ave

$1,075

Total Monthly Price

Total Monthly Price

Base Rent
$1,075
Total Monthly Price
$1,075

3 Bedroom, 1 Bath Townhome for Rent

Available Now

3450 Graceland Ave

IndianapolisIN46208

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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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 $699. Oxmoor Indy has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here are the most affordable Cheswick Place apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Meridian TowersStudio ApartmentStudio,1BA$699
Oxmoor Indy1BR/1.0BA1BR,1BA$699
The Sheldrake ApartmentsStudio HybridStudio,1BA$705
Rosewood CommonsStudioStudio,1BA$719
Cambridge CommonsStudioStudio,1BA$719
34 North ApartmentsStudioStudio,1BA$725
1733 N. Meridian1BR1BR,1BA$780
Garden Pointe ApartmentsLily StudioStudio,1BA$795
The Legend at SpeedwayA11BR,1BA$799
Parkway1 Bedroom1BR,1BA$799

Best Value Apartments for Rent in Cheswick Place, IN

As of July 29, 2026 the best value apartment in the Cheswick Place area is the $1.16 price per square foot Buckingham 3 BR, 2 BA Apartment 1,815 Sq Ft. Model at Buckingham & Balmoral in the in the Martindale neighborhood starting from $2,105. The second greatest value Cheswick Place apartment is the Newport 2 Model at Runaway Bay Apartments starting at $1,449 with a $1.18 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.
Buckingham & BalmoralBuckingham 3 BR, 2 BA Apartment 1,815 Sq Ft.3BR,2BA$1.16
Runaway Bay ApartmentsNewport 22BR,2BA$1.18
Aura ApartmentsAUB3RENO2BR,2BA$1.19
Wildwood Village Apartments2 Bedroom 2 Bathroom2BR,2BA$1.07
The Star2 Bed2BR,1BA$0.76
Oxmoor Indy3BR/1.0BA3BR,1BA$1.00
Woods at Oak CrossingTwo Bedroom 1.5 Bath2BR,1.5BA$1.11
WoodbrookThe Elm2BR,1.5BA$1.22
1733 N. Meridian1BR1BR,1BA$1.04
The Life at White PinesPINE1BR,1BA$1.22

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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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 $2,220.

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 33 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 $192 which is $2,028 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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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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