Cheap Homes for Rent in Meadows Neighborhood of Indianapolis, IN from $500 (19 Rentals)

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

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.

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

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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
7 Pointe ApartmentsCrimson1BR,1BA$886

Best Value Apartments for Rent in Meadows, IN

As of May 31, 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 Meadows

What type of rentals are currently available in Meadows?

There are currently 156 Apartments for Rent in Meadows, IN with pricing that ranges from $545 to $5,514. There are also 98 Single Family Homes for rent, Condos, and Townhome rentals currently available in Meadows ranging from $599 to $3,200.

What is the current price range for Rental Homes in Meadows?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Meadows ranges from $599 to $3,200 with an average monthly rent of $1,544.

How much are larger Three and Four Bedroom Rentals in Meadows?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Meadows range from $626 to $4,761, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $3,200. Four Bedroom Single-Family rentals are also available starting from $950 and Four Bedroom Apartments start at $808.

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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Articles, How-To's, and Tips

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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.

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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.