Cheap Homes for Rent in Chestnut Hills Neighborhood of Indianapolis, IN from $1,300 (7 Rentals)

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

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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 1 Bed unit found at Lake Camelot Apartments priced from $875. The Towers at Crooked Creek Senior Housing has the second lowest priced unit, which is a 1 Bed apartment currently listed from $912. Here are the most affordable Chestnut Hills apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Lake Camelot Apartments1 Bedroom Garden1BR,1BA$875
The Towers at Crooked Creek Senior Housing1BD1BR,1BA$912
Covered BridgeOne Bedroom One Bath1BR,1BA$918

Best Value Apartments for Rent in Chestnut Hills, IN

As of April 29, 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 $1,475 with a $1.48 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$1.48
The Elliott at College Park Apartment HomesTwo Bedroom 1.5 Bath2BR,1.5BA$1.37
AnnhurstTwo Bed One Bath2BR,1BA$1.25
Covered BridgeOne Bedroom One Bath1BR,1BA$1.30
The Woods of Eagle CreekThe Creek: One Bedroom Apartment1BR,1BA$1.38
Lake Camelot Apartments1 Bedroom Garden1BR,1BA$1.20
Oakbrook VillageThe Walnut 1B 1BA1BR,1BA$1.48
Lakeshore Reserve Off 86th Apartments and TownhomesOne Bedroom1BR,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 $410 to $3,249. There are also 55 Single Family Homes for rent, Condos, and Townhome rentals currently available in Chestnut Hills ranging from $1,300 to $3,850.

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 $1,300 to $3,850 with an average monthly rent of $2,035.

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 $1,015 to $3,147, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,695 to $3,850. Four Bedroom Single-Family rentals are also available starting from $1,745 and Four Bedroom Apartments start at $1,895.

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.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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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.