Cheap Apartments for Rent in the Meridian Hills Neighborhood of Indianapolis, IN from $600 (33 Rentals)

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

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.

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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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Shore Acres
Studio to 3 Bedroom Apartments

Shore Acres

1105 Westfield Ct WIndianapolis, IN 46240

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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The Meridian North
1 to 3 Bedroom Apartments

The Meridian North

2100 Westlane RdIndianapolis, IN 46260
Corporate Housing
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Monon Walk Apartments
Studio to 1 Bedroom Apartments

Monon Walk Apartments

6115 Winthrop AveIndianapolis, IN 46220
  • Utilities Included
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Northview
Studio to 2 Bedroom Apartments

Northview

8607 Cholla RdIndianapolis, IN 46240
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The Jameson
1 to 2 Bedroom Apartments

The Jameson

1854 Century WayIndianapolis, IN 46260

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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Showing Results 1-33, Page 1 of 1

Meridian Hills, Indianapolis, IN Local Guide

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 $749. The Meridian North and South has the second lowest priced unit, which is a 1 Bed apartment currently listed from $794. Here are the most affordable Meridian Hills apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Hub at NoraStudio Suite with Patio/Balcony - The SparkStudio,1BA$749
The Meridian North and SouthA1S North1BR,1BA$794
Wellington Square Apartments1BR/1BA1BR,1BA$842
Reflections ApartmentsReplicaStudio,1BA$844
Turtle CreekStudioStudio,1BA$859
Lincolnshire Broad RippleStudio Upper LevelsStudio,1BA$875
The Eclipse Apartment HomesThe Luna I1BR,1BA$899
Jade North ApartmentsPlan FStudio,1BA$900
LandmarkRanierStudio,1BA$925
Meridian Lakes1Bed/1Ba-Up (A)1BR,1BA$940

Best Value Apartments for Rent in Meridian Hills, IN

As of November 11, 2025 the best value apartment in the Meridian Hills area is the $1.18 price per square foot 7176B1 Model at Pinnacle on Meridian in the in the Nora neighborhood starting from $2,599. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Pinnacle on Meridian7176B12BR,2BA$1.18
Townes at Winthrop2 Bed, 2.5 Bath, 2 car Garage Townhome2BR,2.5BA$1.19
Everly at Meridian HillsOrchid3BR,2BA$1.07
Private Reserve TownhomesThe Newburgh2BR,1.5BA$1.07
North Willow2 Bed/1 Ba w/FP-Up2BR,1BA$1.30
Edison at Meridian Hills2 Bedroom 1 Bath2BR,1BA$1.24
Broad Ripple Flats2x1.52BR,1.5BA$1.23
Edgewater Apartments2 Bedroom2BR,2BA$1.26
The Grove on Harcourt1 Bed 1.5 Bath Large Apartment - Reno1BR,1.5BA$1.15
The Meridian North and SouthA2R North1BR,1BA$1.35

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
Meridian Hills, Indianapolis, IN

Ranked #54

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 $940.

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 $794, while the average apartment in Meridian Hills costs $1,494.

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 55 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 $221 which is $1,273 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.

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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.