Castleton, Indianapolis, IN Rental Market Trends
Last updated: July 02, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Castleton is $1,345, a 1.05% decrease compared to the previous year, when the average rent was $1,359.
One-bedroom apartments provide 744 square feet for $1,211, balancing privacy and affordability.
Two-beedroom units at $1,465 offer 1,036 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,360 sq ft) for $1,690, suitable for larger households.
Average rent in Castleton, Indianapolis, IN
Last updated: July 02, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,345 | 900 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,211 | 744 sq. ft. |
| 2 Beds | $1,465 | 1,036 sq. ft. |
| 3 Beds | $1,690 | 1,360 sq. ft. |
Castleton, Indianapolis, IN rent trends
Rental prices in Castleton, Indianapolis, IN have decreased by 1.05% over the past year. The average rent moved from $1,359 to $1,345.
What's the typical rent budget in Castleton, Indianapolis, IN?
The largest share of rentals in Castleton, Indianapolis, IN (79%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Castleton, Indianapolis, IN?
2,881 or 55% of the households in Castleton, Indianapolis, IN are renter-occupied while 2,375 or 45% are owner-occupied.
Most affordable neighborhoods in Castleton?
Crown Hill $800/month
University Heights $904/month
Carson Heights $953/month
All of these neighborhoods fall below the city wide average of $1,269/month.Most expensive neighborhoods in Castleton?
Sycamore Run $1,670/month
Cole Noble $1,746/month
North Meridian $1,873/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Indianapolis, IN By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| North Meridian | $1,873 |
| Cole Noble | $1,746 |
| Sycamore Run | $1,670 |
| Clermont Lakes | $1,639 |
| Wholesale District | $1,632 |
| Chatham Arch and Mass Avenue | $1,620 |
| Riverside | $1,620 |
| Fountain Square | $1,593 |
| Herron - Morton Place | $1,587 |
| Meridian - Kessler | $1,584 |
| The Canal and White River State Park | $1,582 |
| Fletcher Place | $1,576 |
| St. Joseph | $1,549 |
| North Harrison Park | $1,476 |
| Broad Ripple | $1,473 |
| College Park | $1,458 |
| Reagan Park | $1,457 |
| Keystone at The Crossing | $1,457 |
| Mapleton - Fall Creek | $1,414 |
| Fairgrounds | $1,375 |
| Southern Springs | $1,373 |
| Bayswater - Eagles Watch | $1,351 |
| Delaware Trails | $1,348 |
| Valley Mills | $1,346 |
| Castleton | $1,345 |
| The Park at Buffalo Creek | $1,335 |
| North Willow | $1,321 |
| Summerfield Place | $1,308 |
| Crooked Creek Heights | $1,299 |
| Sherman Commons | $1,294 |
| Briarstone Villas | $1,290 |
| Castle Ridge | $1,282 |
| Shadow Wood South | $1,272 |
| Parkwood Terrace | $1,264 |
| Marian - Cold Springs | $1,256 |
| Ivy Hills | $1,248 |
| Willow Lakes | $1,228 |
| Tempo North | $1,219 |
| Wedgewood | $1,208 |
| Lake Maxinhall Estates | $1,206 |
| East Avalon Hills | $1,192 |
| Central Nora | $1,191 |
| Liberty Creek | $1,191 |
| Allisonville | $1,184 |
| Eagle Cove | $1,175 |
| Speedway Woods | $1,174 |
| The Highlands | $1,172 |
| Westchester Estates | $1,171 |
| Christian Park | $1,167 |
| Sheffield Woods | $1,167 |
| Mars Hill | $1,165 |
| Winchester Village | $1,140 |
| Mount Auburn | $1,134 |
| The Islands | $1,132 |
| Park Valley Estates | $1,112 |
| Crooked Creek | $1,094 |
| Arlington Woods | $1,090 |
| Eastbrooke Meadows | $1,086 |
| Eagledale | $1,084 |
| Devington | $1,079 |
| North Perry | $1,077 |
| Deer Creek | $1,064 |
| West Edgewood | $1,060 |
| New Augusta Woods | $1,056 |
| The Old Northside | $1,049 |
| Parc Estates | $1,031 |
| Irvington | $1,016 |
| Otterbein | $1,013 |
| Arlington Heights | $970 |
| Meadows - Fall Creek | $963 |
| Carson Heights | $953 |
| University Heights | $904 |
| Crown Hill | $800 |
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Indianapolis | Rent Comparison by Neighborhood
Rent in Castleton is 14% higher than in Allisonville
$1,345
Castleton rent is the same as Indianapolis average
Average Rent
$1,345
$1,184
Allisonville rent is 12% lower than Indianapolis average
Average Rent
$1,184
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Castleton apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.