Cheap Apartments for Rent in the Keystone Neighborhood of Indianapolis, IN from $800 (43 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Keystone 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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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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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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Shore Acres
Studio to 3 Bedroom Apartments

Shore Acres

1105 Westfield Ct WIndianapolis, IN 46240

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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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
  • Utilities Included
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Northview
Studio to 2 Bedroom Apartments

Northview

8607 Cholla RdIndianapolis, IN 46240
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VITRA Apartments
1 to 2 Bedroom Apartments

VITRA Apartments

8785 Keystone XingIndianapolis, IN 46240
Corporate Housing

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Showing Results 1-43, Page 1 of 1

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 1 Bed unit found at Carlyle Court priced from $802. The Hub at Nora has the second lowest priced unit, which is a Studio apartment currently listed from $849. Here are the most affordable Keystone apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Carlyle CourtStandard One Bedrom (SN1)1BR,1BA$802
The Hub at NoraStudio - The CoreStudio,1BA$849
River Road ApartmentsVilla1BR,1BA$880
Northwood on the TrailRedbud1BR,1BA$950
Woodbridge Castleton1 Bedroom Apartment1BR,1BA$1,017
TGM Autumn WoodsA21BR,1BA$1,049
Parkside at Castleton Square Apartments and TownhomesOne Bedroom1BR,1BA$1,050
College Courts1 Bed/1 Bath Up (B)1BR,1BA$1,064
The Lodge at Trails EdgeThe Elk1BR,1BA$1,095
Veridian CastletonB32BR,2BA$1,129

Best Value Apartments for Rent in Keystone, IN

As of June 21, 2026 the best value apartment in the Keystone area is the $1.50 price per square foot Vintage Model at The Retreat at Carmel in the in the Nora neighborhood starting from $1,989. The second greatest value Keystone apartment is the B4 - Townhome Model at Veridian Castleton starting at $1,470 with a $1.18 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.
The Retreat at CarmelVintage2BR,2BA$1.50
Veridian CastletonB4 - Townhome2BR,1.5BA$1.18
Ivy Knoll Apartments2Bd/2Ba Dn W/D2BR,2BA$1.19
Solana ApartmentsBrook2BR,2BA$1.42
Castle Creek ApartmentsHolly2BR,2BA$1.43
The Preserve on Allisonville TownhomesTwo Bedroom Townhome2BR,1.5BA$1.25
Northwood on the TrailSugar Maple2BR,1BA$1.32
TGM Autumn WoodsB12BR,1BA$1.41
Woodbridge Castleton1 Bedroom Apartment1BR,1BA$1.45
Carlyle CourtStandard One Bedrom (SN1)1BR,1BA$1.52

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

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 $1,129.

What is the price of a cheap apartment in Keystone?

The cheapest apartment in Keystone is Carlyle Court which is listed at $802, while the average apartment in Keystone costs $2,254.

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 66 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 $256 which is $1,998 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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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

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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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Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

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Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

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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

Written by: Christine Leonard, Esq.

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.

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