Cheap Apartments for Rent in the Park Meadow Neighborhood of Beech Grove, IN from $495 (34 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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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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The U
1 to 3 Bedroom Apartments

The U

2425 Albany StBeech Grove, IN 46107
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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One Somerset
$875 - $1,025

Total Monthly Price

Base Rent$875 - $1,025
Total Monthly PriceVaries
1 to 2 Bedroom Apartments Available Now

One Somerset

3761 S State AveIndianapolis, IN 46227
Affordability
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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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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

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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Showing Results 1-34, 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 Studio unit found at Cherry Glen priced from $799. Sawmill Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $849. Here are the most affordable Park Meadow apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Cherry GlenStudioStudio,1BA$799
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$849
One SomersetOne Somerset - 1 Bed/1 Bath. Act Now! Get a $30...1BR,1BA$875
Strawbridge GreenEmerson2BR,1BA$880
Dawson Village2 BR/1 BA - FLATS2BR,1BA$899
Parc Bordeaux Apartments1 Bed 1 Bath1BR,1BA$899
Sherman VillageGarden Apt1BR,1BA$925
Emerson VillageCardinal1BR,1BA$938
Willow Glen South1 bedroom small lake1BR,1BA$1,024
Beech Tree Glen Apartments1x1R1BR,1BA$1,025

Best Value Apartments for Rent in Park Meadow, IN

As of September 12, 2026 the best value apartment in the Park Meadow area is the $1.35 price per square foot 4x2 Model at Kinwood Place in the in the Southeast Indianapolis neighborhood starting from $2,008. The second greatest value Park Meadow apartment is the 2 Bedroom 2.5 Bath Townhome Model at Coventry Park Village starting at $1,899 with a $1.42 price per square foot in the Southeast Indianapolis 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.
Kinwood Place4x24BR,2BA$1.35
Coventry Park Village2 Bedroom 2.5 Bath Townhome2BR,2.5BA$1.42
Park View at Beech Grove3 Bedroom3BR,2.5BA$1.34
Ninth Avenue ApartmentsThe Basore2BR,1BA$1.35
Emerton Place TownhomesFlat2BR,1BA$1.41
Strawbridge GreenThompson2BR,1BA$1.27
Beech Tree Glen Apartments1x1R1BR,1BA$1.28
Sherman VillageGarden Apt1BR,1BA$1.28
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$1.31
1524 E Kelly St, Unit 15241524 E Kelly St1BR,1BA$1.35

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 $1,025.

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

The cheapest apartment in Park Meadow is Churchman Woods which is listed at $845, while the average apartment in Park Meadow costs $1,100.

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 1 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 $823 which is $277 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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