Cheap Apartments for Rent in the Meadows Neighborhood of Indianapolis, IN from $500 (59 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 3609 Balsam Ave

$671 - $755

Studio To 1 Bedroom Rentals

Available Now

3609 Balsam Ave

IndianapolisIN46205
property at 4720 Munter Ln

$765 - $800

Total Monthly Price

Total Monthly Price

Base Rent
$765 - $800
Total Monthly Price
$765 - $800

1 Bedroom, 1 Bath Home for Rent

Available Now

4720 Munter Ln

IndianapolisIN46218

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.

Read Article

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.

Read Article
property at 2950 N Colorado Ave

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095
Total Monthly Price
$1,095

2 Bedroom, 1 Bath Home for Rent

Available Now

2950 N Colorado Ave

IndianapolisIN46218
close
View Me
Charmwood Terrace
Studio to 2 Bedroom Apartments

Charmwood Terrace

3419 N Pennsylvania StIndianapolis, IN 46205
close
View Me
THE COURTS OF MONON
Studio to 1 Bedroom Apartments

THE COURTS OF MONON

3605-3609 Balsam AveIndianapolis, IN 46205

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.

Read Article
close
View Me
VILLAGE AT FALL CREEK
Studio to 1 Bedroom Apartments

VILLAGE AT FALL CREEK

3520-3534 Fall Creek Parkway North DrIndianapolis, IN 46205
close
View Me
727 Fairfield Ave
1 Bedroom Apartments

727 Fairfield Ave

727 Fairfield AveIndianapolis, IN 46205
close
View Me
Hopeside I
2 Bedroom Apartments

Hopeside I

2005 E 25th StIndianapolis, IN 46218
Senior Living
close
View Me
The Regal Apartments
1 to 2 Bedroom Apartments

The Regal Apartments

3603 N Washington BlvdIndianapolis, IN 46205
close
View Me
Birchwood Place
Studio to 1 Bedroom Apartments

Birchwood Place

1040 Fairfield AveIndianapolis, IN 46205
  • Utilities Included

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.

Read Article
close
View Me
7 Pointe Apartments
1 to 3 Bedroom Apartments

7 Pointe Apartments

4724 Round Lake RdIndianapolis, IN 46205
close
View Me
Monon Station Apartments
Studio to 2 Bedroom Apartments

Monon Station Apartments

4554 Winthrop AveIndianapolis, IN 46205
  • Utilities Included
close
View Me
Chateau De Ville
Studio to 4 Bedroom Apartments

Chateau De Ville

5303 Rue De VilleIndianapolis, IN 46220
close
View Me
Harbour Pointe
1 to 2 Bedroom Apartments

Harbour Pointe

4400 E Fall Creek Parkway North DrIndianapolis, IN 46205
Corporate Housing
close
View Me
Hubbard Gardens
1 to 2 Bedroom Apartments

Hubbard Gardens

4004 Meadows DrIndianapolis, IN 46205
  • Utilities Included

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.

Read Article
Showing Results 1-50, Page 1 of 2

Cheapest Available Meadows Apartments for Rent

 

The cheapest available apartment rental in the Meadows area of Indianapolis, IN is a 2 Beds unit found at The Villages at Mill Crossing priced from $545. East Village at Avondale Meadows Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $569. Here are the most affordable Meadows apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Villages at Mill Crossing2THSFL2BR,1BA$545
East Village at Avondale Meadows ApartmentsB32BR,2BA$569
Glenstone StudiosStudioStudio,1BA$649
Hopeside I2.2-40%-H2BR,2BA$883
Broad Ripple Trails1BR-U Commons1BR,1BA$899
Carrollton Manor Apartments1 Bed 1 Bath Unfurnished1BR,1BA$900
New Bridge1 Bed 1 Bath - The Queensboro1BR,1BA$909
Chateau De VilleBordeauxStudio,1BA$931
The Pines at SoBro1 Bedroom 1 Bath Apartment - Classic1BR,1BA$949

Best Value Apartments for Rent in Meadows, IN

As of May 30, 2026 the best value apartment in the Meadows area is the $1.03 price per square foot 4143 Central Ave Model at 4143 Central Ave, Unit 4143 in the in the United Northwest neighborhood starting from $1,550. The second greatest value Meadows apartment is the 2 Bedroom 2 Bath - 63347 Model at Ashton Park starting at $1,179 with a $1.01 price per square foot in the United Northeast neighborhood. Here is today’s list of the best values for Meadows apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
4143 Central Ave, Unit 41434143 Central Ave3BR,1BA$1.03
Ashton Park2 Bedroom 2 Bath - 633472BR,2BA$1.01
East Village at Avondale Meadows ApartmentsB22BR,2BA$1.12
3326 Ruckle St, Unit Rear Apartment3326 Ruckle St1BR,1.5BA$1.19
Hopeside I2.2-40%-H2BR,2BA$0.96
Broad Ripple Trails2BR-L Rehab Village2BR,1BA$1.44
7 Pointe ApartmentsCrimson1BR,1BA$1.10
Willow BrookTwo Bedroom One Bath2BR,1BA$1.40
Fallwood1 Bed/1.5 Ba Dn1BR,1.5BA$1.43
2947 Schofield Ave, Unit 29472947 Schofield Ave2BR,1BA$1.47

Frequently Asked Questions about Cheap Meadows Apartments

What is a cheap apartment in Meadows?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Meadows is under $949.

What is the price of a cheap apartment in Meadows?

The cheapest apartment in Meadows is The Villages at Mill Crossing which is listed at $669, while the average apartment in Meadows costs $1,289.

What types of apartments are the cheapest in 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 20 regular apartments in 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 Meadows?

Cheap apartments in Meadows have an average cost of $220 which is $1,069 cheaper than the average rent for all rentals in 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

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

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.

decorative image for Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters article

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.

decorative image for Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods article

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.

decorative image for Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home article

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 Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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.

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

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.