Cheap Apartments for Rent in the Keystone Neighborhood of Indianapolis, IN from $600 (22 Rentals)

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

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Shore Acres
Studio to 3 Bedroom Apartments

Shore Acres

1105 Westfield Ct WIndianapolis, IN 46240
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Carlyle Court
1 to 2 Bedroom Apartments

Carlyle Court

951 Carlyle LnIndianapolis, IN 46240
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Crestwood Village North
Studio to 2 Bedroom Apartments

Crestwood Village North

9225 Garrison DrIndianapolis, IN 46240
Senior Living
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Northview
Studio to 2 Bedroom Apartments

Northview

8607 Cholla RdIndianapolis, IN 46240

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Keystone, Indianapolis, IN Local Guide

Cheapest Available Keystone Apartments for Rent

 

The cheapest available apartment rental in the Keystone area of Indianapolis, IN is a Studio unit found at The Hub at Nora priced from $699. College Courts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $864. Here are the most affordable Keystone apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Hub at NoraStudio - The CoreStudio,1BA$699
College Courts1 Bed/1 Bath Dn (A)1BR,1BA$864
River Road ApartmentsVilla1BR,1BA$880
Woodbridge Castleton1 Bedroom Apartment1BR,1BA$948
Carlyle CourtTwo Bedroom One Bathroom (CN2)2BR,1BA$996

Best Value Apartments for Rent in Keystone, IN

As of January 26, 2026 the best value apartment in the Keystone area is the $1.12 price per square foot Nordica Model at Scandia Apartments in the in the Roxbury neighborhood starting from $1,404. The second greatest value Keystone apartment is the B4 - Townhome Model at Veridian Castleton starting at $1,428 with a $1.15 price per square foot in the Berkley Place neighborhood. Here is today’s list of the best values for Keystone apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Scandia ApartmentsNordica2BR,2BA$1.12
Veridian CastletonB4 - Townhome2BR,1.5BA$1.15
Ivy Knoll Apartments2Bd/2Ba Dn W/D2BR,2BA$1.25
Metropolitan FishersMaplebrook2BR,2BA$1.41
Ashton BrookTwo Bedroom Townhome2BR,1.5BA$1.44
Somerset LakesRetreat: One Bedroom Apartment1BR,1BA$1.24
Northwood on the TrailSugar Maple2BR,1BA$1.40
Carlyle CourtTwo Bedroom One Bathroom (CN2)2BR,1BA$1.14
Riverbend ApartmentsTranquility1BR,1BA$1.44
Woodbridge Castleton1 Bedroom Apartment1BR,1BA$1.34

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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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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals in cities across the United States and customized analysis for Northern Indianapolis, IN. 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 proximity to parks and outdoor amenities, transit availability, pet-friendly communities, places to raise kids, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Keystone Apartments

What is a cheap apartment in Keystone?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Keystone is under $1,015.

What is the price of a cheap apartment in Keystone?

The cheapest apartment in Keystone is College Courts which is listed at $864, while the average apartment in Keystone costs $2,427.

What types of apartments are the cheapest in Keystone?

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 103 regular apartments in Keystone 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 Keystone?

Cheap apartments in Keystone have an average cost of $267 which is $2,160 cheaper than the average rent for all rentals in Keystone.

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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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

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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Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Written by: Wendy Melton

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.

Articles, How-To's, and Tips

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.