Cheap Apartments for Rent in the Meadows Neighborhood of Indianapolis, IN from $300 (29 Rentals)

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

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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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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New Bridge Apartments
Studio to 4 Bedroom Apartments

New Bridge Apartments

2372 Beckwith DrIndianapolis, IN 46218
  • Utilities Included
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Charmwood Terrace
1 to 2 Bedroom Apartments

Charmwood Terrace

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

THE COURTS OF MONON

3605-3609 Balsam AveIndianapolis, IN 46205

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Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Sherman Forest
Studio to 4 Bedroom Apartments

Sherman Forest

3615 Sherman Forest DrIndianapolis, IN 46205
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727 Fairfield Ave
1 Bedroom Apartments

727 Fairfield Ave

727 Fairfield AveIndianapolis, IN 46205
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VILLAGE AT FALL CREEK
Studio to 1 Bedroom Apartments

VILLAGE AT FALL CREEK

3520-3534 Fall Creek Parkway North DrIndianapolis, IN 46205
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The Regal Apartments
1 to 2 Bedroom Apartments

The Regal Apartments

3603 N Washington BlvdIndianapolis, IN 46205
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Hopeside I
2 Bedroom Apartments

Hopeside I

2005 E 25th StIndianapolis, IN 46218
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Cheapest Available Meadows Apartments for Rent

 

The cheapest available apartment rental in the Meadows area of Indianapolis, IN is a 1 Bed unit found at The Stella priced from $398. Glenstone Studios has the second lowest priced unit, which is a Studio apartment currently listed from $649. Here are the most affordable Meadows apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The StellaRigel 30%1BR,1BA$398
Glenstone StudiosStudioStudio,1BA$649
East Village at Avondale Meadows ApartmentsC13BR,2BA$662
Hopeside I2.2-50%2BR,2BA$745
Broad Ripple TrailsSTUD-SStudio,1BA$839
Carrollton Manor Apartments1 Bed 1 Bath1BR,1BA$850
Indy Town ApartmentsArlington Green 2 bedroom2BR,1BA$863
Chateau De VilleBordeauxStudio,1BA$863
A62 ApartmentsLePetit Luxe1BR,1BA$891
The Pines at SoBroOne Bedrooms1BR,1BA$906

Best Value Apartments for Rent in Meadows, IN

As of June 13, 2025 the best value apartment in the Meadows area is the $1.12 price per square foot B2 Model at East Village at Avondale Meadows Apartments in the in the Martindale neighborhood starting from $1,225. The second greatest value Meadows apartment is the 2.2-50% Model at Hopeside I starting at $745 with a $0.81 price per square foot in the Martindale 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.
East Village at Avondale Meadows ApartmentsB22BR,2BA$1.12
Hopeside I2.2-50%2BR,2BA$0.81
Heritage Apartments2 Beds, 1 Baths2BR,1BA$1.31
Harbour PointeThe Hideaway1BR,1BA$1.43
3229 Dr Andrew J Brown Ave, Unit 3227 Dr Andrew J Brown Av3229 Dr Andrew J Brown Ave3BR,1BA$1.29
Willow BrookTwo Bedroom One Bath2BR,1BA$1.37
Fallwood1 Bed/1.5 Ba Dn1BR,1.5BA$1.43
The Pines at SoBroOne Bedrooms1BR,1BA$1.27
Chateau in the Woods1 Bd/1 Ba Sm ABY1BR,1BA$1.47
Indy Town ApartmentsArlington Green 2 bedroom2BR,1BA$1.24

Getting Around the Meadows Neighborhood in Indianapolis, IN

Walk Score®

49 / 100

Car-Dependent

Most errands require a car

Bike Score®

52 / 100

Bikeable

Some bike infrastructure

Transit Score®

39 / 100

Some Transit

A few nearby public transportation options

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 $906.

What is the price of a cheap apartment in Meadows?

The cheapest apartment in Meadows is East Village at Avondale Meadows Apartments which is listed at $693, while the average apartment in Meadows costs $2,390.

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 11 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 $172 which is $2,218 cheaper than the average rent for all rentals in 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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.