
Cheap Apartments for Rent in the Meridian Hills Neighborhood of Indianapolis, IN from $700 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in the Meridian Hills area of Indianapolis.


The Meridian North and South

Wellington Square Apartments

Reflections Apartments
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.

Lincolnshire Broad Ripple

Jade North Apartments

Meridian Lakes

Landmark

Grove on Harcourt
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.

1252 W 73rd St

The Manning Apartment Homes

River House

Broad Ripple Flats

The Ripple

Shore Acres

Nora Commons on the Monon Senior Apartments
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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.

6128 Winthrop Ave

6128 Winthrop Ave
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Meridian Hills, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Meridian Hills?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Meridian Hills Studio Apartments | $1,378 | $725 | $5,271 |
Meridian Hills 1 Bedroom Apartments | $1,464 | $829 | $2,560 |
Meridian Hills 2 Bedroom Apartments | $1,632 | $884 | $3,695 |
Meridian Hills 3 Bedroom Apartments | $1,626 | $798 | $4,167 |
Browse Apartments in this Neighborhood
There are currently 29 rentals with your search options within a 2 mile radius of the Meridian Hills Neighborhood of Indianapolis, IN.
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Meridian Hills, Indianapolis, IN Local Guide
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Cheapest Available Meridian Hills Apartments for Rent
 The cheapest available apartment rental in the Meridian Hills area of Indianapolis, IN is a Studio unit found at The Hub at Nora priced from $725. Grove on Harcourt has the second lowest priced unit, which is a 3 Beds apartment currently listed from $798. Here are the most affordable Meridian Hills apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Hub at Nora | Studio Suite with Patio/Balcony - 467 Sq Ft | Studio,1BA | $725 |
Grove on Harcourt | 3 Bed 2 Bath Apartment - Upgraded | 3BR,2BA | $798 |
Turtle Creek | Studio | Studio,1BA | $817 |
The Meridian North and South | A1S North | 1BR,1BA | $829 |
Lincolnshire Broad Ripple | 1 Bedroom Garden Level | 1BR,1BA | $875 |
Wellington Square Apartments | 1BR/1BA | 1BR,1BA | $926 |
Jade North Apartments | Plan G | 1BR,1BA | $950 |
Woodlake | One Bedroom Apartment | 1BR,1BA | $968 |
Meridian Lakes | 1Bed/1Ba-Dn (B) | 1BR,1BA | $995 |
The Eclipse | Phoenix - Upgraded | 1BR,1BA | $1,050 |
Best Value Apartments for Rent in Meridian Hills, IN
As of June 05, 2025 the best value apartment in the Meridian Hills area is the $1.32 price per square foot Two Bedroom with Bonus Room (7176B2) Model at Pinnacle on Meridian in the in the Nora neighborhood starting from $2,899. The second greatest value Meridian Hills apartment is the 2 Bed, 2.5 Bath, 2 car Garage Townhome Model at Townes at Winthrop starting at $2,200 with a $1.19 price per square foot in the Warfleigh neighborhood. Here is today’s list of the best values for Meridian Hills apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Pinnacle on Meridian | Two Bedroom with Bonus Room (7176B2) | 2BR,2BA | $1.32 |
Townes at Winthrop | 2 Bed, 2.5 Bath, 2 car Garage Townhome | 2BR,2.5BA | $1.19 |
The Manning Apartment Homes | 3 Bedroom 2 Bath Townhome | 3BR,2BA | $1.13 |
North Willow | 2 Bed/2 Bath-Dn | 2BR,2BA | $1.17 |
Private Reserve Townhomes | The Newburgh | 2BR,1.5BA | $1.07 |
Edison at Meridian Hills | 2 Bedroom 1.5 Bath Townhome | 2BR,1.5BA | $1.24 |
Everly at Meridian Hills | Iris | 2BR,1BA | $1.15 |
Grove on 79th | 2 Bed 2.5 Bath Apartment | 2BR,2.5BA | $0.98 |
Grove on Harcourt | 1 Bed 1.5 Bath Large Apartment | 1BR,1.5BA | $1.22 |
Jade North Apartments | Plan G | 1BR,1BA | $1.29 |
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.
Pet Friendly LifestyleMeridian Hills, Indianapolis, IN
Ranked #40
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
Our team is happy to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, and customized analysis for Indianapolis, Indiana. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for the best outdoor access, luxury amenities, places to raise kids, raising pets, transit options, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!
Getting Around the Meridian Hills Neighborhood in Indianapolis, IN
Walk Score®
54 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
66 / 100
Bikeable
Some bike infrastructure
Transit Score®
24 / 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 Meridian Hills Apartments
What is a cheap apartment in Meridian Hills?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Meridian Hills is under $1,050.
What is the price of a cheap apartment in Meridian Hills?
The cheapest apartment in Meridian Hills is The Meridian North and South which is listed at $829, while the average apartment in Meridian Hills costs $1,870.
What types of apartments are the cheapest in Meridian Hills?
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 12 regular apartments in Meridian Hills 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 Meridian Hills?
Cheap apartments in Meridian Hills have an average cost of $143 which is $1,727 cheaper than the average rent for all rentals in Meridian Hills.
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.

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.

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

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.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.