Cheap Apartments for Rent in the Chestnut Hills Neighborhood of Indianapolis, IN from $400 (12 Rentals)

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

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Hampshire Court
1 to 2 Bedroom Apartments

Hampshire Court

2455 Rolls DrIndianapolis, IN 46268
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Lake Camelot Apartments
1 to 3 Bedroom Apartments

Lake Camelot Apartments

6475 Excalibur CtIndianapolis, IN 46268
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Covered Bridge
1 to 3 Bedroom Apartments

Covered Bridge

4909 Covered Bridge RdIndianapolis, IN 46268

Chestnut Hills - 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!

Chestnut Hills, Indianapolis, IN Local Guide

Cheapest Available Chestnut Hills Apartments for Rent

 

The cheapest available apartment rental in the Chestnut Hills area of Indianapolis, IN is a Studio unit found at Annhurst priced from $764. Westbury Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $771. Here are the most affordable Chestnut Hills apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
AnnhurstStudioStudio,1BA$764
Westbury CourtStandard One Bedroom (SN4M)1BR,1BA$771
Carlton ApartmentsVilla1BR,1BA$785
Lake Camelot Apartments1 Bedroom Garden1BR,1BA$857
Covered BridgeTwo Bedroom One Bath2BR,1BA$860

Best Value Apartments for Rent in Chestnut Hills, IN

As of April 21, 2025 the best value apartment in the Chestnut Hills area is the $1.46 price per square foot Keystone Model at Willow Lake Apartments in the in the Spring Arbor neighborhood starting from $1,600. The second greatest value Chestnut Hills apartment is the The Sage Model at Crooked Creek starting at $1,375 with a $1.38 price per square foot in the Spring Arbor neighborhood. Here is today’s list of the best values for Chestnut Hills apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Willow Lake ApartmentsKeystone1BR,1BA$1.46
Crooked CreekThe Sage2BR,1.5BA$1.38
Lakeshore Reserve Off 86th Apartments and TownhomesTwo Bedroom 2 Bath2BR,2BA$1.45
The Elliott at College Park Apartment HomesTwo Bedroom 1.5 Bath2BR,1.5BA$1.41
Lakes of GeorgetownD7401BR,1BA$1.43
Covered BridgeOne Bedroom One Bath1BR,1BA$1.30
Lake Camelot Apartments1 Bedroom Garden1BR,1BA$1.22
The Woods of Eagle CreekThe Creek: One Bedroom Apartment1BR,1BA$1.37
Oakbrook VillageThe Walnut 1B 1BA1BR,1BA$1.47
Westbury CourtStandard One Bedroom (SN4M)1BR,1BA$1.33

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Pet Friendly Lifestyle
Chestnut Hills, Indianapolis, IN

Ranked #69

Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Chestnut Hills, Indianapolis, and the greater Indianapolis area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for easy access to the parks, luxury amenities, pet-friendly features, family-friendliness, proximity to transit, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Chestnut Hills Apartments

What is the Cheapest Studio apartment in Chestnut Hills?

Currently the most affordable Cheap Studio Apartment in Chestnut Hills is at Annhurst listed at $764.

How much is rent for a Cheap One Bedroom Chestnut Hills Apartment?

The lowest price for a Cheap One Bedroom Chestnut Hills Apartment is $771 at Westbury Court.

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

Today's best deal for a Cheap Two Bedroom Apartment in Chestnut Hills is starting from $860 at Covered Bridge.

What is the most affordable Chestnut Hills Three Bedroom Apartment?

The best deal on a cheap Chestnut Hills Three Bedroom Apartment rental is at Estates at Crystal Bay and starts from $1,165.

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.