Cheap Apartments for Rent in the Park Meadow Neighborhood of Beech Grove, IN from $400 (30 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Park Meadow area of Beech Grove.

property at 89 N 16th Ave

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

89 N 16th Ave

Beech GroveIN46107
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Francis Apartments
1 to 2 Bedroom Apartments

Francis Apartments

1819 Main StBeech Grove, IN 46107
  • Utilities Included

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Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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The U
1 to 3 Bedroom Apartments

The U

2425 Albany StBeech Grove, IN 46107
  • Utilities Included
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One Somerset
Rent Specials
$775 - $995
Total Monthly Price

Total Monthly Price

Base Rent
$775 - $995

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Varies
1 to 2 Bedroom Apartments Available Now

One Somerset

3761 S State AveIndianapolis, IN 46227
Student Housing
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Red Maple Grove
1 to 4 Bedroom Apartments

Red Maple Grove

2901 E Tabor StIndianapolis, IN 46203
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Rosedale Hills
Studio to 3 Bedroom Apartments

Rosedale Hills

2139 E Hanna AveIndianapolis, IN 46227
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Stone Lake
1 to 2 Bedroom Apartments

Stone Lake

2913 E Hanna AveIndianapolis, IN 46227
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Ninth Avenue Apartments
Studio to 3 Bedroom Apartments

Ninth Avenue Apartments

4651 Mimi DrIndianapolis, IN 46237
Corporate Housing

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Spruce Manor Apartments
1 Bedroom Apartments

Spruce Manor Apartments

1840 Perkins AveIndianapolis, IN 46203
Senior Living
  • Utilities Included

Park Meadow, Beech Grove, IN Local Guide

Cheapest Available Park Meadow Apartments for Rent

 

The cheapest available apartment rental in the Park Meadow area of Indianapolis, IN is a 2 Beds unit found at One Somerset priced from $775. Cherry Glen has the second lowest priced unit, which is a Studio apartment currently listed from $819. Here are the most affordable Park Meadow apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
One SomersetOne Somerset - 1 Bed/1 Bath* Call about our Mov...2BR,1BA$775
Cherry GlenStudioStudio,1BA$819
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$849
Parc Bordeaux ApartmentsStudioStudio,1BA$850
Beech Meadow ApartmentsBirch1BR,1BA$868
Ninth Avenue ApartmentsThe SaffronStudio,1BA$899
Sherman VillageGarden Apt1BR,1BA$925
Churchman Woods2 BEDROOM2BR,1BA$945
Dawson Village2 BR/1 BA - Partial Remodeled Flat2BR,1BA$945
Emerson VillageThe Cardinal - Premium1BR,1BA$956

Best Value Apartments for Rent in Park Meadow, IN

As of June 13, 2026 the best value apartment in the Park Meadow area is the $1.36 price per square foot 3 Bedroom Model at Park View at Beech Grove in the in the Southeast Indianapolis neighborhood starting from $1,627. The second greatest value Park Meadow apartment is the Madison Model at Strawbridge Green starting at $1,175 with a $1.04 price per square foot in the Shelby Street-Epler Avenue neighborhood. Here is today’s list of the best values for Park Meadow apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Park View at Beech Grove3 Bedroom3BR,2.5BA$1.36
Strawbridge GreenMadison2BR,1.5BA$1.04
Fox ClubTwo Bedroom 1.5 Bath2BR,1.5BA$1.10
Beech Tree Glen Apartments2x1R2BR,1BA$1.19
Beech Meadow ApartmentsBirch1BR,1BA$1.16
Churchman Woods2 BEDROOM2BR,1BA$1.30
Sherman VillageGarden Apt1BR,1BA$1.28
Dawson Village2 BR/1 BA - Partial Remodeled Flat2BR,1BA$1.35
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$1.31
Emerson VillageThe Cardinal - Premium1BR,1BA$1.56

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

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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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Pet Friendly Lifestyle
Park Meadow, Beech Grove, IN

Ranked #1

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Park Meadow Apartments

What is a cheap apartment in Park Meadow?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Park Meadow is under $956.

What is the price of a cheap apartment in Park Meadow?

The cheapest apartment in Park Meadow is Sawmill Apartments which is listed at $849, while the average apartment in Park Meadow costs $13,372.

What types of apartments are the cheapest in Park Meadow?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3 regular apartments in Park Meadow that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Park Meadow?

Cheap apartments in Park Meadow have an average cost of $469 which is $12,903 cheaper than the average rent for all rentals in Park Meadow.

Expert Rental Resources

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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