Cheap Apartments for Rent in the Key Meadows Neighborhood of Indianapolis, IN from $500 (27 Rentals)

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

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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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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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Sebring Court
1 to 3 Bedroom Apartments

Sebring Court

1902 Parsons DrIndianapolis, IN 46224
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Northwoods Apartments
Studio to 2 Bedroom Apartments

Northwoods Apartments

816 Winding Brook East DrIndianapolis, IN 46234
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Heather Ridge
1 to 3 Bedroom Apartments

Heather Ridge

3245 Heather Ridge DrIndianapolis, IN 46214
  • Utilities Included

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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Brickyard Flats
Studio to 3 Bedroom Apartments

Brickyard Flats

6363 Hollister DrSpeedway, IN 46224
Showing Results 1-27, Page 1 of 1

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 Marabou Mills priced from $740. Brickyard Flats has the second lowest priced unit, which is a 1 Bed apartment currently listed from $787. Here are the most affordable Key Meadows apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Marabou MillsStudioStudio,1BA$740
Brickyard FlatsA21BR,1BA$787
Mariners VillageStudioStudio,1BA$806
Woodhaven ParkOne Bedroom One Bath1BR,1BA$845
The Life at Northwest Gardens1 BED 1 BATH1BR,1BA$875
The HermitageThe Hermitage1BR,1BA$899
The Maywood at SpeedwayThe Napoli1BR,1BA$915
Pier 39 Apartments & TownhomesOne Bedroom One Bathroom1BR,1BA$950
Deercross ApartmentsSpruce1BR,1BA$970
Astoria Park Apartment HomesOne Bedroom - 670 sqft1BR,1BA$975

Best Value Apartments for Rent in Key Meadows, IN

As of October 24, 2025 the best value apartment in the Key Meadows area is the $1.12 price per square foot 5831 Suburban Dr Model at 5831 Suburban Dr, Unit Home For Rent in the in the Cheswick Place neighborhood starting from $2,695. The second greatest value Key Meadows apartment is the 3x1.5 Townhouse Premium Model at The Meadows Apartment Homes starting at $1,519 with a $1.20 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 ListingModel NameBed/BathPrice Per Sq.Ft.
5831 Suburban Dr, Unit Home For Rent5831 Suburban Dr5BR,2.5BA$1.12
The Meadows Apartment Homes3x1.5 Townhouse Premium3BR,1.5BA$1.20
Sebring CourtTwo Bedroom Two Bathroom (C3M)2BR,2BA$1.02
10 West ApartmentsThe Broadway2BR,2BA$1.30
The Maywood at SpeedwayThe Santa Maria2BR,1.5BA$1.29
Fishermans VillageIndigo2BR,1BA$1.24
Eagle CreekRise1BR,1BA$1.27
Brickyard FlatsA11BR,1BA$1.27
Pebble PointThe Bliss1BR,1BA$1.19
Woodhaven ParkOne Bedroom One Bath1BR,1BA$1.30

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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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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
Key Meadows, Indianapolis, IN

Ranked #96

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!

Getting Around the Key Meadows Neighborhood in Indianapolis, IN

Walk Score®

26 / 100

Car-Dependent

Most errands require a car

Bike Score®

26 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

13 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $787, while the average apartment in Key Meadows costs $2,695.

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 18 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 $334 which is $2,361 cheaper than the average rent for all rentals in Key Meadows.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.