
Cheap Homes for Rent in Meridian Hills Neighborhood of Indianapolis, IN from $600 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Meridian Hills area of Indianapolis.


2113 Pamela Dr

6721 Riverfront Ave, Unit Studio
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.

7458 Countrybrook Dr

945 Fox Hill Dr

1117 Canterbury Ct
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.
Meridian Hills, Indianapolis, IN Local Guide

How much does it cost to rent a home in Meridian Hills?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Meridian Hills 2 Bedroom Homes for Rent | $1,697 | $1,200 | $2,599 |
| Meridian Hills 3 Bedroom Homes for Rent | $2,006 | $1,600 | $2,950 |
| Meridian Hills 4 Bedroom Homes for Rent | $1,960 | $1,800 | $2,120 |
| Meridian Hills 5 Bedroom Homes for Rent | $7,900 | $7,900 | $7,900 |
Browse Homes for Rent in this Neighborhood
There are currently 6 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 $809. Wellington Square Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $842. 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 - The Spark | Studio,1BA | $809 |
| Wellington Square Apartments | 1BR/1BA | 1BR,1BA | $842 |
| Reflections Apartments | Replica | Studio,1BA | $844 |
Best Value Apartments for Rent in Meridian Hills, IN
As of December 30, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Pinnacle on Meridian | 7176B1 | 2BR,2BA | $1.18 |
| Townes at Winthrop | 2 Bed, 2.5 Bath, 2 car Garage Townhome | 2BR,2.5BA | $1.19 |
| Private Reserve Townhomes | The Newburgh | 2BR,1.5BA | $1.07 |
| Everly at Meridian Hills | Iris | 2BR,1BA | $1.15 |
| North Willow | 2 Bed/1 Ba w/FP-Up | 2BR,1BA | $1.30 |
| Edison at Meridian Hills | 2 Bedroom 1 Bath | 2BR,1BA | $1.28 |
| The Grove on 79th | 1x1,5 Townhome Renovated | 1BR,1.5BA | $1.20 |
| Northwood on the Trail | Sugar Maple | 2BR,1BA | $1.40 |
| The Grove on Harcourt | 1x1,5 Large Renovated | 1BR,1.5BA | $1.14 |
| Broad Ripple Flats | Upgraded 1, 2 and 2.15 bath apartments | 2BR,1BA | $1.38 |
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.
Read ArticleThe 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.
Read ArticleCash 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 ArticleYour 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
Read ArticleQuick 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 #56
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Meridian Hills
What type of rentals are currently available in Meridian Hills?
There are currently 63 Apartments for Rent in Meridian Hills, IN with pricing that ranges from $699 to $5,274. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Meridian Hills ranging from $650 to $7,900.
What is the current price range for Rental Homes in Meridian Hills?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Meridian Hills ranges from $650 to $7,900 with an average monthly rent of $2,626.
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

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.

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.

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.
Articles, How-To's, and Tips

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!