Cheap Homes for Rent in Chestnut Hills Neighborhood of Indianapolis, IN from $1,200 (5 Rentals)

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

Chestnut Hills

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. Carlton Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $785. Here are the most affordable Chestnut Hills apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
AnnhurstStudioStudio,1BA$764
Carlton ApartmentsVilla1BR,1BA$785
Lake Camelot Apartments1 Bedroom Garden1BR,1BA$840

Best Value Apartments for Rent in Chestnut Hills, IN

As of April 07, 2025 the best value apartment in the Chestnut Hills area is the $1.21 price per square foot D1201 Model at Lakes of Georgetown in the in the Crooked Creek neighborhood starting from $1,454. The second greatest value Chestnut Hills apartment is the Keystone Model at Willow Lake Apartments starting at $1,500 with a $1.37 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.
Lakes of GeorgetownD12013BR,2BA$1.21
Willow Lake ApartmentsKeystone1BR,1BA$1.37
Crooked CreekThe Sage2BR,1.5BA$1.38
Lakeshore Reserve Off 86th Apartments and TownhomesTwo Bedroom 2 Bath2BR,2BA$1.39
The Elliott at College Park Apartment HomesOne Bedroom1BR,1BA$1.48
Covered BridgeOne Bedroom One Bath1BR,1BA$1.30
The Woods of Eagle CreekThe Creek: One Bedroom Apartment1BR,1BA$1.39
Lake Camelot Apartments1 Bedroom Garden1BR,1BA$1.20
Oakbrook VillageThe Walnut 1B 1BA1BR,1BA$1.47
Estates at Crystal BayOne Bedroom One Bath1BR,1BA$1.52

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Frequently Asked Questions about Chestnut Hills

What type of rentals are currently available in Chestnut Hills?

There are currently 43 Apartments for Rent in Chestnut Hills, IN with pricing that ranges from $425 to $3,267. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Chestnut Hills ranging from $1,250 to $3,000.

What is the current price range for Rental Homes in Chestnut Hills?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Chestnut Hills ranges from $1,250 to $3,000 with an average monthly rent of $1,866.

How much are larger Three and Four Bedroom Rentals in Chestnut Hills?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Chestnut Hills range from $1,165 to $2,720, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $2,250. Four Bedroom Single-Family rentals are also available starting from $1,790 and Four Bedroom Apartments start at $1,850.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.