Cheap Homes for Rent in Meridian-Kessler Neighborhood of Indianapolis, IN from $700 (32 Rentals)

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

property at 4643 Rookwood Ave

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

3 Bedroom, 1.5 Bath Home for Rent

Available Now

4643 Rookwood Ave

IndianapolisIN46208
property at 3450 Graceland Ave

$1,075

Total Monthly Price

Total Monthly Price

Base Rent
$1,075

Total Monthly Price
$1,075

3 Bedroom, 1 Bath Townhome for Rent

Available Now

3450 Graceland Ave

IndianapolisIN46208

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 538 W 29th St

$1,099 - $1,349

2 To 3 Bedroom Rentals

Available Now

538 W 29th St

IndianapolisIN46208
property at 4155 Graceland Ave

$1,100 - $2,400

1 To 4 Bedroom Homes for Rent

Available Now

4155 Graceland Ave

IndianapolisIN46208

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.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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Meridian-Kessler, Indianapolis, IN Local Guide

Cheapest Available Meridian-Kessler Apartments for Rent

 

The cheapest available apartment rental in the Meridian-Kessler area of Indianapolis, IN is a Studio unit found at Meridian Towers priced from $629. Glenstone Studios has the second lowest priced unit, which is a Studio apartment currently listed from $649. Here are the most affordable Meridian-Kessler apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Meridian TowersStudio ApartmentStudio,1BA$629
Glenstone StudiosStudioStudio,1BA$649
Oxmoor Indy1BR/1.0BA1BR,1BA$699
Maple Court Apartments - Where City Convenience Meets Neighborhood Charm!StudioStudio,1BA$725
34 North ApartmentsStudioStudio,1BA$725
1 & 2 Bedroom Apartments in Downtown Indianapolis - Meridian Plaza Awaits You!1B1BR,1BA$750
The MeridianThe PennStudio,1BA$799
Parkway1 Bedroom1BR,1BA$799
The Star2 Bed2BR,1BA$799
Monon Walk ApartmentsStudioStudio,1BA$810

Best Value Apartments for Rent in Meridian-Kessler, IN

As of May 18, 2026 the best value apartment in the Meridian-Kessler 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 Meridian-Kessler apartment is the 2 Bedroom 2 Bath - 43753 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 Meridian-Kessler 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 - 437532BR,2BA$1.01
7 Pointe ApartmentsGarnet2BR,2BA$0.99
The Star2 Bed2BR,1BA$0.76
3326 Ruckle St, Unit Rear Apartment3326 Ruckle St1BR,1.5BA$1.19
Oxmoor Indy3BR/1.0BA3BR,1BA$1.00
The MeridianThe Delaware2BR,1BA$1.24
1 & 2 Bedroom Apartments in Downtown Indianapolis - Meridian Plaza Awaits You!1B1BR,1BA$1.03
Monon Walk ApartmentsStudioStudio ,1BA$1.35
Maple Court Apartments - Where City Convenience Meets Neighborhood Charm!StudioStudio ,1BA$1.32

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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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-Kessler, Indianapolis, IN

Ranked #160

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Meridian-Kessler

What type of rentals are currently available in Meridian-Kessler?

There are currently 183 Apartments for Rent in Meridian-Kessler, IN with pricing that ranges from $629 to $5,292. There are also 115 Single Family Homes for rent, Condos, and Townhome rentals currently available in Meridian-Kessler ranging from $750 to $3,500.

What is the current price range for Rental Homes in Meridian-Kessler?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Meridian-Kessler ranges from $750 to $3,500 with an average monthly rent of $1,966.

How much are larger Three and Four Bedroom Rentals in Meridian-Kessler?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Meridian-Kessler range from $1,159 to $2,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,400 and Four Bedroom Apartments start at $1,419.

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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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

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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.

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Articles, How-To's, and Tips

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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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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.