
Cheap Apartments for Rent in the Faith Knoll Neighborhood of Indianapolis, IN from $500 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the Faith Knoll area of Indianapolis.


Dogwood Glen

Westbury Court

The Meridian North and South

Cambridge Commons
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.

Estates at Crystal Bay

Covered Bridge

Reflections Apartments

Cross Creek Apartments
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Oakbrook Village

The Woods of Eagle Creek
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.
Faith Knoll, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Faith Knoll?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Faith Knoll Studio Apartments | $875 | $705 | $1,159 |
Faith Knoll 1 Bedroom Apartments | $983 | $726 | $1,640 |
Faith Knoll 2 Bedroom Apartments | $1,240 | $770 | $1,803 |
Faith Knoll 3 Bedroom Apartments | $1,481 | $1,129 | $2,329 |
Browse Apartments in this Neighborhood
There are currently 17 rentals with your search options within a 2 mile radius of the Faith Knoll Neighborhood of Indianapolis, IN.
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Faith Knoll, Indianapolis, IN Local Guide
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Cheapest Available Faith Knoll Apartments for Rent
 The cheapest available apartment rental in the Faith Knoll area of Indianapolis, IN is a Studio unit found at Rosewood Commons priced from $705. Lake Camelot Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $819. Here are the most affordable Faith Knoll apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Rosewood Commons | Studio | Studio,1BA | $705 |
Lake Camelot Apartments | 1 Bedroom Garden | 1BR,1BA | $819 |
Estates at Crystal Bay | Two Bedroom One Bath | 2BR,1BA | $825 |
Cambridge Commons | One Bed One Bath | 1BR,1BA | $825 |
The Meridian North and South | A8S South | 1BR,1BA | $844 |
Best Value Apartments for Rent in Faith Knoll, IN
As of September 20, 2025 the best value apartment in the Faith Knoll area is the $1.06 price per square foot Lilac Model at Everly at Meridian Hills in the in the Faith Knoll neighborhood starting from $1,489. The second greatest value Faith Knoll apartment is the The Newburgh Model at Private Reserve Townhomes starting at $1,379 with a $1.07 price per square foot in the Spring Arbor neighborhood. Here is today’s list of the best values for Faith Knoll apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Everly at Meridian Hills | Lilac | 2BR,2BA | $1.06 |
Private Reserve Townhomes | The Newburgh | 2BR,1.5BA | $1.07 |
The Woods of Eagle Creek | The Roost: Three Bedroom Townhome | 3BR,1.5BA | $1.40 |
Edison at Meridian Hills | 2 Bedroom 1 Bath | 2BR,1BA | $1.28 |
Westbury Court | Two Bedroom One Bathroom (CN1) | 2BR,1BA | $1.04 |
Park Place Apartments | 2 Bedroom Remodeled | 2BR,1BA | $1.26 |
The Grove on Harcourt | 1 Bed 1.5 Bath Large Apartment - Reno | 1BR,1.5BA | $1.25 |
Covered Bridge | One Bedroom One Bath | 1BR,1BA | $1.21 |
Lake Camelot Apartments | 1 Bedroom Garden | 1BR,1BA | $1.17 |
Estates at Crystal Bay | One Bedroom One Bath | 1BR,1BA | $1.33 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleFaith Knoll, Indianapolis, IN
Ranked #101
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, and customized analysis for Northwest Indianapolis. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and the best outdoor access, features that make it easier to raise kids, raising pets, transit options, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Faith Knoll Apartments
What is a cheap apartment in Faith Knoll?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Faith Knoll is under $892.
What is the price of a cheap apartment in Faith Knoll?
The cheapest apartment in Faith Knoll is Lake Camelot Apartments which is listed at $819, while the average apartment in Faith Knoll costs $1,415.
What types of apartments are the cheapest in Faith Knoll?
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 37 regular apartments in Faith Knoll 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 Faith Knoll?
Cheap apartments in Faith Knoll have an average cost of $139 which is $1,276 cheaper than the average rent for all rentals in Faith Knoll.
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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.