Cheap Apartments for Rent in the Key Meadows Neighborhood of Indianapolis, IN from $500 (52 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Key Meadows area of Indianapolis.

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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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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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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Aragon Woods
Studio to 3 Bedroom Apartments

Aragon Woods

8172 Aragon Woods DrIndianapolis, IN 46214
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Marabou Mills
Studio to 2 Bedroom Apartments

Marabou Mills

3402 Marabou Mills DrIndianapolis, IN 46214
Corporate Housing
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Sebring Court
1 to 3 Bedroom Apartments

Sebring Court

1902 Parsons DrIndianapolis, IN 46224
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Heather Ridge
1 to 3 Bedroom Apartments

Heather Ridge

3245 Heather Ridge DrIndianapolis, IN 46214
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Northwoods Apartments
Studio to 2 Bedroom Apartments

Northwoods Apartments

816 Winding Brook East DrIndianapolis, IN 46234
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10 West Apartments
1 to 3 Bedroom Apartments

10 West Apartments

7855 Cimarron TrlIndianapolis, IN 46214
Corporate Housing

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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Wyckford Commons
1 to 3 Bedroom Apartments

Wyckford Commons

7777 Wyckford CtIndianapolis, IN 46214
Corporate Housing
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Honey Creek Apartments
2 to 3 Bedroom Apartments

Honey Creek Apartments

3510 N High School RdIndianapolis, IN 46224
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Bradford Park
1 to 4 Bedroom Apartments

Bradford Park

3940 Crystal Pond WayIndianapolis, IN 46234
  • Utilities Included
property at 2464 Tansel Rd

$1,275

2 Bedroom Rentals

Available May 8

2464 Tansel Rd

IndianapolisIN46234

Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.

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Showing Results 1-50, Page 1 of 2

Key Meadows, Indianapolis, IN Local Guide

Cheapest Available Key Meadows Apartments for Rent

 

The cheapest available apartment rental in the Key Meadows area of Indianapolis, IN is a Studio unit found at Mariners Village Apartments priced from $761. The Meadows Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $809. Here are the most affordable Key Meadows apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Mariners Village Apartments0 Bedroom 1 BathroomStudio,1BA$761
The Meadows Apartment Homes1x1 Williamsburg Classic1BR,1BA$809
Brickyard FlatsA21BR,1BA$812
Woodhaven ParkOne Bedroom One Bath1BR,1BA$845
Darby CourtStandard One Bedroom (SN2)1BR,1BA$851
Fisherman's VillageA1 Cobalt1BR,1BA$899
Villa Del Sol ApartmentsLive Well for Less — Spacious 1-Bedroom Under $...1BR,1BA$900
Astoria Park Apartment HomesOne Bedroom - 712 sqft1BR,1BA$910
Spinnaker CourtRetreat1BR,1BA$920
The Life at Northwest Gardens2 BED 1 BATH2BR,1BA$949

Best Value Apartments for Rent in Key Meadows, IN

As of May 07, 2026 the best value apartment in the Key Meadows area is the $1.33 price per square foot 2 Bed Gloucester Renovated Model at Center Point in the in the Timberview neighborhood starting from $1,560. The second greatest value Key Meadows apartment is the Two Bedroom Two Bathroom (C3) Model at Stanford Court starting at $1,183 with a $1.04 price per square foot in the Speedway Wellhead neighborhood. Here is today’s list of the best values for Key Meadows apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Center Point2 Bed Gloucester Renovated2BR,1BA$1.33
Stanford CourtTwo Bedroom Two Bathroom (C3)2BR,2BA$1.04
Villa Del Sol Apartments?? Your Perfect 3 Bed / 1.5 Bath Small Townhome3BR,1.5BA$1.20
10 West ApartmentsThe Dakota2BR,1BA$1.27
Brickyard FlatsB12BR,1BA$1.21
The Maywood at SpeedwayThe Adams1BR,1BA$1.26
Astoria Park Apartment HomesOne Bedroom - 712 sqft1BR,1BA$1.28
Woodhaven ParkOne Bedroom One Bath1BR,1BA$1.30
Mariners Village Apartments0 Bedroom 1 BathroomStudio ,1BA$1.19
The Meadows Apartment Homes1x1 Williamsburg Classic1BR,1BA$1.30

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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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com

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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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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
Key Meadows, Indianapolis, IN

Ranked #89

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Key Meadows, Indianapolis, and the greater Indianapolis area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for outdoor amenities like tennis courts, luxury amenities, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Key Meadows Apartments

What is the price of a cheap apartment in Key Meadows?

The cheapest apartment in Key Meadows is Brickyard Flats which is listed at $812, while the average apartment in Key Meadows costs $1,580.

What types of apartments are the cheapest in Key Meadows?

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 55 regular apartments in Key Meadows 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 Key Meadows?

Cheap apartments in Key Meadows have an average cost of $320 which is $1,260 cheaper than the average rent for all rentals in Key Meadows.

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

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.

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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.

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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.

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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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.