Cheap Apartments for Rent in the Castleton Neighborhood of Indianapolis, IN from $300 (14 Rentals)

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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Castleton - 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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Castleton, Indianapolis, IN Local Guide

Cheapest Available Castleton Apartments for Rent

 

The cheapest available apartment rental in the Castleton area of Indianapolis, IN is a 1 Bed unit found at River Road Apartments priced from $860. Scandia Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $999. Here are the most affordable Castleton apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
River Road ApartmentsHideaway1BR,1BA$860
Scandia ApartmentsTivoli1BR,1BA$999
Woodbridge Castleton1 Bedroom Apartment1BR,1BA$1,018
Riverbend ApartmentsNaples1BR,1BA$1,024
Woods of Castleton1 bed/1 bath Down1BR,1BA$1,060

Best Value Apartments for Rent in Castleton, IN

As of May 15, 2025 the best value apartment in the Castleton area is the $1.20 price per square foot 2Bd/2Ba Dn W/D Model at Ivy Knoll Apartments in the in the Roxbury neighborhood starting from $1,429. The second greatest value Castleton apartment is the Two Bedroom - Muirfield II Model at The Masters Apartments starting at $1,386 with a $1.39 price per square foot in the Roxbury neighborhood. Here is today’s list of the best values for Castleton apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Ivy Knoll Apartments2Bd/2Ba Dn W/D2BR,2BA$1.20
The Masters ApartmentsTwo Bedroom - Muirfield II2BR,2BA$1.39
Castle Creek ApartmentsWillow2BR,1BA$1.67
Scandia ApartmentsTivoli1BR,1BA$1.28
TGM Autumn WoodsA21BR,1BA$1.48
Avery Point ApartmentsJade1BR,1BA$1.43
Woodbridge Castleton1 Bedroom Apartment1BR,1BA$1.45
Woods of Castleton1 bed/1 bath Up1BR,1BA$1.63
River Road ApartmentsResort1BR,1BA$1.48
Waterside at Castleton1x11BR,1BA$1.64

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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Lifestyle Ratings

This website compiles millions of data points to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities across the United States, including Indianapolis. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for easy access to the parks, luxury housing options, family-friendly amenities, raising pets, transit options, and other valuable search options. These search options are in the site filters at the top of this page.

Getting Around the Castleton Neighborhood in Indianapolis, IN

Walk Score®

51 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

50 / 100

Bikeable

Some bike infrastructure

Transit Score®

25 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Castleton Apartments

How much is rent for a Cheap One Bedroom Castleton Apartment?

The lowest price for a Cheap One Bedroom Castleton Apartment is $860 at River Road Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Castleton is starting from $1,105 at River Road Apartments.

What is the most affordable Castleton Three Bedroom Apartment?

The best deal on a cheap Castleton Three Bedroom Apartment rental is at The Preserve on Allisonville Townhomes and starts from $1,630.

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.

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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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.