
Cheap Apartments for Rent in the Park Meadow Neighborhood of Beech Grove, IN from $400 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in the Park Meadow area of Beech Grove.


Beech Meadow Apartments

Beech Tree Glen Apartments

Willow Glen South

The Brixton

89 N 16th Ave

Francis Apartments
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
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.

Beech Grove Place Apartments

64 N 6th Ave

The U

410 N 20th Ave

Total Monthly Price
One Somerset

Cherry Glen

Churchman Woods
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Sawmill Apartments

Parc Bordeaux Apartments

Strawbridge Green

Sherman Village

Dawson Village

Emerson Village

Park View at Beech Grove
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Fox Club

Kinwood Place

Red Maple Grove

Rosedale Hills

Stone Lake

Farhill Lake Apartments

Ninth Avenue Apartments
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Spruce Manor Apartments

Stratford Place Apartments
Park Meadow, Beech Grove, IN Local Guide

How much does it cost to rent an apartment in Park Meadow?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Park Meadow Studio Apartments | $848 | $819 | $905 |
| Park Meadow 1 Bedroom Apartments | $1,079 | $825 | $4,197 |
| Park Meadow 2 Bedroom Apartments | $1,196 | $775 | $4,959 |
| Park Meadow 3 Bedroom Apartments | $1,334 | $1,020 | $2,175 |
| Park Meadow 4 Bedroom Apartments | $1,675 | $1,503 | $1,824 |
Browse Apartments in this Neighborhood
There are currently 30 rentals with your search options within a 2 mile radius of the Park Meadow Neighborhood of Beech Grove, IN.
See all Apartments in Beech GroveExplore Beech Grove
Park Meadow, Beech Grove, IN Local Guide
- Nearby Beech Grove neighborhoods
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| One Somerset | One Somerset - 1 Bed/1 Bath* Call about our Mov... | 2BR,1BA | $775 |
| Cherry Glen | Studio | Studio,1BA | $819 |
| Sawmill Apartments | 1 Bed 1 Bath Small | 1BR,1BA | $849 |
| Parc Bordeaux Apartments | Studio | Studio,1BA | $850 |
| Beech Meadow Apartments | Birch | 1BR,1BA | $868 |
| Ninth Avenue Apartments | The Saffron | Studio,1BA | $899 |
| Sherman Village | Garden Apt | 1BR,1BA | $925 |
| Churchman Woods | 2 BEDROOM | 2BR,1BA | $945 |
| Dawson Village | 2 BR/1 BA - Partial Remodeled Flat | 2BR,1BA | $945 |
| Emerson Village | The Cardinal - Premium | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Park View at Beech Grove | 3 Bedroom | 3BR,2.5BA | $1.36 |
| Strawbridge Green | Madison | 2BR,1.5BA | $1.04 |
| Fox Club | Two Bedroom 1.5 Bath | 2BR,1.5BA | $1.10 |
| Beech Tree Glen Apartments | 2x1R | 2BR,1BA | $1.19 |
| Beech Meadow Apartments | Birch | 1BR,1BA | $1.16 |
| Churchman Woods | 2 BEDROOM | 2BR,1BA | $1.30 |
| Sherman Village | Garden Apt | 1BR,1BA | $1.28 |
| Dawson Village | 2 BR/1 BA - Partial Remodeled Flat | 2BR,1BA | $1.35 |
| Sawmill Apartments | 1 Bed 1 Bath Small | 1BR,1BA | $1.31 |
| Emerson Village | The Cardinal - Premium | 1BR,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.
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Pet Friendly LifestylePark Meadow, Beech Grove, IN
Ranked #1
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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.
Helpful Local Expert Guides

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.

Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
Articles, How-To's, and Tips

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
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Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.