
Cheap Apartments for Rent in the Key Meadows Neighborhood of Indianapolis, IN from $500 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in the Key Meadows area of Indianapolis.


Marabou Mills

Eagle Creek Court

Pebble Point

Darby Court

Mariners Village Apartments

The Meadows Apartment Homes
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.

Total Monthly Price
Astoria Park Apartment Homes

Fisherman's Village

Woodhaven Park

Total Monthly Price
The Maywood at Speedway

The Hermitage

Spinnaker Court

Eagle Lake Landing
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.

10 West Apartments

Deercross Apartments

Idlewood Apartments

Auburn Hills Apartments

Total Monthly Price
Lakeside Crossing at Eagle Creek Apartments and Townhomes

10928 Affirmed Dr

Three Fountains West Cooperative
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.

Sebring Court

Northwoods Apartments

Heather Ridge

Villa Del Sol Apartments

Chapel Hill Apartments

Stanford Court

Brickyard Flats
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.
Key Meadows, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Key Meadows?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Key Meadows Studio Apartments | $842 | $740 | $919 |
| Key Meadows 1 Bedroom Apartments | $1,046 | $709 | $2,707 |
| Key Meadows 2 Bedroom Apartments | $1,337 | $939 | $3,226 |
| Key Meadows 3 Bedroom Apartments | $1,651 | $1,300 | $3,495 |
Browse Apartments in this Neighborhood
There are currently 28 rentals with your search options within a 2 mile radius of the Key Meadows Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Key Meadows, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Key Meadows Apartments for Rent
 The cheapest available apartment rental in the Key Meadows area of Indianapolis, IN is a 1 Bed unit found at The Life at Northwest Gardens priced from $709. Marabou Mills has the second lowest priced unit, which is a Studio apartment currently listed from $740. Here are the most affordable Key Meadows apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Life at Northwest Gardens | 1 BED 1 BATH | 1BR,1BA | $709 |
| Marabou Mills | Studio | Studio,1BA | $740 |
| Sebring Court | Standard One Bedroom (SN3M) | 1BR,1BA | $764 |
| Brickyard Flats | A2 | 1BR,1BA | $787 |
| Pebble Point | Bliss | 1BR,1BA | $799 |
| Mariners Village Apartments | 0 Bedroom 1 Bathroom | Studio,1BA | $811 |
| Astoria Park Apartment Homes | One Bedroom - 712 sqft | 1BR,1BA | $830 |
| Fisherman's Village | Cobalt | 1BR,1BA | $869 |
| Northwoods Apartments | Leif | Studio,1BA | $900 |
| Villa Del Sol Apartments | Live Well for Less — Spacious 1-Bedroom Under $... | 1BR,1BA | $900 |
Best Value Apartments for Rent in Key Meadows, IN
As of March 23, 2026 the best value apartment in the Key Meadows area is the $0.94 price per square foot The Denali Model at Chapel Hill Apartments in the in the West Wayne neighborhood starting from $1,300. The second greatest value Key Meadows apartment is the The Sanctuary Model at The Hermitage starting at $1,414 with a $1.31 price per square foot in the Cheswick Place neighborhood. Here is today’s list of the best values for Key Meadows apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Chapel Hill Apartments | The Denali | 1BR,1.5BA | $0.94 |
| The Hermitage | The Sanctuary | 3BR,1BA | $1.31 |
| Eagle Creek by Spark Living | Excite - Renovated | 2BR,1BA | $1.31 |
| The Maywood at Speedway | The Santa Maria | 2BR,1.5BA | $1.29 |
| 10 West Apartments | The Dakota | 2BR,1BA | $1.29 |
| Brickyard Flats | B1 | 2BR,1BA | $1.19 |
| Villa Del Sol Apartments | Live Well for Less — Spacious 1-Bedroom Under $... | 1BR,1BA | $1.04 |
| Pebble Point | Bliss | 1BR,1BA | $1.19 |
| Astoria Park Apartment Homes | One Bedroom - 670 sqft | 1BR,1BA | $1.31 |
| The Life at Northwest Gardens | 1 BED 1 BATH | 1BR,1BA | $1.29 |
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.
Read ArticleDon'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 ArticleThe 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.
Read ArticleCash 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.
Read ArticleYour 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
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 LifestyleKey Meadows, Indianapolis, IN
Ranked #110
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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 a cheap apartment in Key Meadows?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Key Meadows is under $900.
What is the price of a cheap apartment in Key Meadows?
The cheapest apartment in Key Meadows is The Life at Northwest Gardens which is listed at $709, while the average apartment in Key Meadows costs $1,589.
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 62 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 $300 which is $1,289 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

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

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.

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.