Cheap Apartments for Rent in the Delaware Trails Neighborhood of Indianapolis, IN from $600 (42 Rentals)

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

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.

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Lake Castleton Apartments
Rent Specials
$980 - $1,654
Total Monthly Price

Total Monthly Price

Base Rent
$980 - $1,654
Total Monthly Price
$980 - $1,654
Studio to 2 Bedroom Apartments Available Now

Lake Castleton Apartments

7601 Carlton Arms DrIndianapolis, IN 46256
Affordability
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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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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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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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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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Showing Results 1-42, Page 1 of 1

Delaware Trails, Indianapolis, IN Local Guide

Cheapest Available Delaware Trails Apartments for Rent

 

The cheapest available apartment rental in the Delaware Trails area of Indianapolis, IN is a Studio unit found at The Meridian North and South priced from $654. The Boardwalk at Westlake Apartments and Townhomes has the second lowest priced unit, which is a Studio apartment currently listed from $740. Here are the most affordable Delaware Trails apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Meridian North and SouthS1S SouthStudio,1BA$654
The Boardwalk at Westlake Apartments and TownhomesStudio - 441 sqftStudio,1BA$740
Lakeshore Reserve Off 86th Apartments and TownhomesOne Bedroom1BR,1BA$815
The Hub at NoraStudio - The CoreStudio,1BA$849
River Road ApartmentsVilla1BR,1BA$880
The Prairies Apartment Homes1x1 Classic1BR,1BA$909
Astoria Park Apartment HomesOne Bedroom - 670 sqft1BR,1BA$920
Serenity Park ApartmentsNOW LEASING – NEW MANAGEMENT – APARTMENTS GOING...2BR,1BA$969
Lake Castleton ApartmentsCongressional1BR,1BA$980
WoodlakeOne Bedroom Apartment1BR,1BA$993

Best Value Apartments for Rent in Delaware Trails, IN

As of June 29, 2026 the best value apartment in the Delaware Trails area is the $1.04 price per square foot 2 Bed/2 Bath-Up Model at North Willow in the in the Spring Arbor neighborhood starting from $1,399. The second greatest value Delaware Trails apartment is the Three Bedroom 2.5 Bath Townhome Model at Lakeshore Reserve Off 86th Apartments and Townhomes starting at $1,780 with a $1.32 price per square foot in the Spring Arbor neighborhood. Here is today’s list of the best values for Delaware Trails apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
North Willow2 Bed/2 Bath-Up2BR,2BA$1.04
Lakeshore Reserve Off 86th Apartments and TownhomesThree Bedroom 2.5 Bath Townhome3BR,2.5BA$1.32
Meridian Lakes2Bed/2Ba-Up (H)2BR,2BA$1.17
Edison at Meridian Hills2 Bedroom 1 Bath2BR,1BA$1.29
The Elliott at College Park Apartment HomesTwo Bedroom 1.5 Bath2BR,1.5BA$1.06
The Eclipse Apartment HomesThe Vega w/Den - Upgraded1BR,1.5BA$1.41
The Grove on Harcourt1x1.5 Large Renovated1BR,1.5BA$1.30
TGM Autumn WoodsB12BR,1BA$1.41
Serenity Park ApartmentsNOW LEASING – NEW MANAGEMENT – APARTMENTS GOING...2BR,1BA$1.16
Astoria Park Apartment HomesOne Bedroom - 670 sqft1BR,1BA$1.37

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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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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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
Delaware Trails, Indianapolis, IN

Ranked #26

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Delaware Trails Apartments

What is the Cheapest Studio apartment in Delaware Trails?

Currently the most affordable Cheap Studio Apartment in Delaware Trails is at The Meridian North and South listed at $654.

How much is rent for a Cheap One Bedroom Delaware Trails Apartment?

The lowest price for a Cheap One Bedroom Delaware Trails Apartment is $765 at The Boardwalk at Westlake Apartments and Townhomes.

What is the lowest price for a Cheap Two Bedroom Delaware Trails Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Delaware Trails is starting from $894 at The Meridian North and South.

What is the most affordable Delaware Trails Three Bedroom Apartment?

The best deal on a cheap Delaware Trails Three Bedroom Apartment rental is at The Meridian North and South and starts from $1,304.

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.

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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.

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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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

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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.