
Cheap Apartments for Rent in the Meridian Woods Park Neighborhood of Indianapolis, IN from $600 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in the Meridian Woods Park area of Indianapolis.


8149 Trevellian Way

5700 Madison Apartments & Edgewood on Madison

Brookwood Apartments

Greentree Apartments

SOUTHPORT AT BUCK CREEK

Capital Place

Meridian Court South
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.

Fox Club

Berkley Commons

Thompson Village Apartments

Beechmill Apartments

Waterford Place Apartments

Pine Glen

Martinique Terrace

City Heights
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.

The Sycamores

Rosedale Hills

Crossroads at Madison

Estate View

Markwood Terrace Apartments

Windsor Court

South & Madison

Spicewood
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

Crossroads at Southgreen

The Sterling

Buckridge at Southport

Fountain Lake Villas

615 E Thompson Rd

Brookhaven at County Line Senior Apartments

Polo Run Apartments

Westminster Apartments and Townhomes
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.

Auburn Place
Meridian Woods Park, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Meridian Woods Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Meridian Woods Park Studio Apartments | $989 | $715 | $1,299 |
| Meridian Woods Park 1 Bedroom Apartments | $1,106 | $775 | $1,650 |
| Meridian Woods Park 2 Bedroom Apartments | $1,284 | $943 | $2,242 |
| Meridian Woods Park 3 Bedroom Apartments | $1,633 | $1,309 | $3,641 |
| Meridian Woods Park 4 Bedroom Apartments | $1,725 | $1,725 | $1,725 |
Browse Apartments in this Neighborhood
There are currently 33 rentals with your search options within a 3 mile radius of the Meridian Woods Park Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Meridian Woods Park, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Meridian Woods Park Apartments for Rent
 The cheapest available apartment rental in the Meridian Woods Park area of Indianapolis, IN is a Studio unit found at 5700 Madison Apartments & Edgewood on Madison priced from $715. South & Madison has the second lowest priced unit, which is a Studio apartment currently listed from $809. Here are the most affordable Meridian Woods Park apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 5700 Madison Apartments & Edgewood on Madison | Edgewood - Cypress | Studio,1BA | $715 |
| South & Madison | E2 | Studio,1BA | $809 |
| Polo Run Apartments | The Shetland Studio | Studio,1BA | $809 |
| Brookwood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $839 |
| Spicewood | Studio | Studio,1BA | $849 |
| Greentree Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $850 |
| The Sterling | The Lexington | 1BR,1BA | $875 |
| Capital Place | One Bedroom One Bath TH | 1BR,1BA | $884 |
| Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $900 |
| Berkley Commons | One Bedroom One Bath | 1BR,1BA | $925 |
Best Value Apartments for Rent in Meridian Woods Park, IN
As of February 25, 2026 the best value apartment in the Meridian Woods Park area is the $1.12 price per square foot 4946 Camden St Model at 4946 Camden St, Unit Big Camden in the in the Shelby Street-Epler Avenue neighborhood starting from $1,900. The second greatest value Meridian Woods Park apartment is the 2 Bedroom 1.5 Bath Townhome Model at Mansfield Village Townhomes starting at $1,650 with a $1.24 price per square foot in the Winchester Village neighborhood. Here is today’s list of the best values for Meridian Woods Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 4946 Camden St, Unit Big Camden | 4946 Camden St | 3BR,2BA | $1.12 |
| Mansfield Village Townhomes | 2 Bedroom 1.5 Bath Townhome | 2BR,1.5BA | $1.24 |
| Martinique Terrace | 3Bd/1.5Ba Dn W/D | 3BR,1.5BA | $1.15 |
| Aspen Lakes | Large 2 Bedrooms 2 Baths - Phase II | 2BR,2BA | $1.24 |
| Dakota Ridge | Yellowstone | 2BR,2BA | $1.22 |
| SOUTHPORT AT BUCK CREEK | 2 Bedroom | 2BR,1BA | $1.20 |
| Pine Glen | Redwood Vintage | 2BR,1BA | $1.17 |
| South & Madison | B2 | 2BR,1BA | $1.19 |
| Fox Club | One Bedroom One Bath | 1BR,1BA | $1.14 |
| The Sterling | The Lexington | 1BR,1BA | $1.18 |
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.
Lifestyle Ratings
This website compiles millions of data points to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in areas across the United States and customized analysis for Southern Indianapolis, IN. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for the best outdoor access, luxury housing options, family-friendliness, raising pets, transit options, and much more. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Meridian Woods Park Apartments
What is a cheap apartment in Meridian Woods Park?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Meridian Woods Park is under $925.
What is the price of a cheap apartment in Meridian Woods Park?
The cheapest apartment in Meridian Woods Park is South & Madison which is listed at $830, while the average apartment in Meridian Woods Park costs $1,662.
What types of apartments are the cheapest in Meridian Woods Park?
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 37 regular apartments in Meridian Woods Park 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 Woods Park?
Cheap apartments in Meridian Woods Park have an average cost of $198 which is $1,464 cheaper than the average rent for all rentals in Meridian Woods Park.
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

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.