Cheap Apartments for Rent in the Park Meadow Neighborhood of Beech Grove, IN from $400 (31 Rentals)

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

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Francis Apartments
1 to 2 Bedroom Apartments

Francis Apartments

1819 Main StBeech Grove, IN 46107
  • Utilities Included

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.

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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
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

One Somerset

3761 S State AveIndianapolis, IN 46227
Student Housing
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  • 3D Tour

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.

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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.

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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

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Ninth Avenue Apartments
Studio to 3 Bedroom Apartments

Ninth Avenue Apartments

4651 Mimi DrIndianapolis, IN 46237
Corporate Housing
Showing Results 1-31, Page 1 of 1

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. Stone Lake has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here are the most affordable Park Meadow apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
One Somerset*ACT NOW- Price Drop* One Somerset - 1 Bed/1 Ba...2BR,1BA$775
Stone Lake1x1 Renovated1BR,1BA$825
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$849
Beech Meadow ApartmentsBirch1BR,1BA$867
Parc Bordeaux Apartments1 Bed 1 Bath1BR,1BA$899
Sherman VillageGarden Apt1BR,1BA$925
Emerson VillageThe Cardinal - Premium1BR,1BA$927
Welcome to Dawson Village – Welcome Home!2 BR/1 BA - Partial Remodeled Flat2BR,1BA$945
Heathmoore - Indianapolis1 Bed 1 Bath1BR,1BA$975
Spruce Manor Apartments1 Bed, 1 bath1BR,1BA$990

Best Value Apartments for Rent in Park Meadow, IN

As of April 29, 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 Two Bedroom Two Bath Model at Fox Club starting at $1,125 with a $1.13 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
Fox ClubTwo Bedroom Two Bath2BR,2BA$1.13
Strawbridge GreenRedfern2BR,1.5BA$1.22
Beech Tree Glen Apartments2x1R2BR,1BA$1.23
Parc Bordeaux Apartments1 Bed 1 Bath1BR,1BA$1.10
Beech Meadow ApartmentsBirch1BR,1BA$1.16
Sherman VillageGarden Apt1BR,1BA$1.28
Spruce Manor Apartments1 Bed, 1 bath1BR,1BA$1.38
Welcome to Dawson Village – Welcome Home!2 BR/1 BA - Partial Remodeled Flat2BR,1BA$1.35
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$1.31

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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Quick 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.

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Pet Friendly Lifestyle
Park Meadow, Beech Grove, IN

Ranked #2

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 the price of a cheap apartment in Park Meadow?

The cheapest apartment in Park Meadow is Stone Lake which is listed at $825, while the average apartment in Park Meadow costs $13,505.

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 4 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 $942 which is $12,563 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

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

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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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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

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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.

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Articles, How-To's, and Tips

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.