
Cheap Apartments for Rent in the Meridian Woods Park Neighborhood of Indianapolis, IN from $600 (35 Rentals)
Search the lowest-cost Apartments available for rent right now in the Meridian Woods Park area of Indianapolis.


701 W Hanna Ave

5700 Madison Apartments & Edgewood on Madison

Berkley Commons

Brookwood Apartments

Meridian Court South

Fox Club

Oak Park

Capital Place

Thompson Village Apartments

Beechmill Apartments

Waterford Place Apartments

Martinique Terrace

The Sycamores

City Heights

615 E Thompson Rd

Brookhaven at County Line Senior Apartments

1519 E Mills Ave

Polo Run Apartments

Westminster Apartments and Townhomes

Auburn Place Apartments

778 Loews Blvd
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 | $958 | $665 | $1,325 |
| Meridian Woods Park 1 Bedroom Apartments | $1,085 | $725 | $1,650 |
| Meridian Woods Park 2 Bedroom Apartments | $1,253 | $787 | $1,913 |
| Meridian Woods Park 3 Bedroom Apartments | $1,561 | $1,170 | $2,560 |
| Meridian Woods Park 4 Bedroom Apartments | $1,700 | $1,675 | $1,725 |
Browse Apartments in this Neighborhood
There are currently 35 rentals with your search options within a 3 mile radius of the Meridian Woods Park Neighborhood of Indianapolis, IN.
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Meridian Woods Park, Indianapolis, IN Local Guide
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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 $670. Windsor Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $728. 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 - Loft | Studio,1BA | $670 |
| Windsor Court | Standard One Bedroom (SN1) | 1BR,1BA | $728 |
| South & Madison | E2 | Studio,1BA | $840 |
| Spicewood | Studio | Studio,1BA | $849 |
| Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $850 |
| Polo Run Apartments | The Morgan 1 BR 1 BA | 1BR,1BA | $858 |
| Fox Club | One Bedroom One Bath | 1BR,1BA | $889 |
| Brookwood Apartments | Evergreen Three | 1BR,1BA | $907 |
| Meridian Court South | Hideaway 1 & 2 | 1BR,1BA | $920 |
| Oak Park | Forest | 1BR,1BA | $929 |
Best Value Apartments for Rent in Meridian Woods Park, IN
As of November 14, 2025 the best value apartment in the Meridian Woods Park area is the $1.14 price per square foot 3 Bedrooms 2 Baths- Phase I Model at Aspen Lakes in the in the Southern Homes neighborhood starting from $1,725. The second greatest value Meridian Woods Park apartment is the The Cottage Model at Waterford Place Apartments starting at $1,485 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. |
|---|---|---|---|
| Aspen Lakes | 3 Bedrooms 2 Baths- Phase I | 3BR,2BA | $1.14 |
| Waterford Place Apartments | The Cottage | 2BR,2BA | $1.24 |
| Southern Dunes | Oasis | 2BR,2BA | $1.30 |
| Auburn Place Apartments | Merlot | 2BR,1.5BA | $1.24 |
| Brookwood Apartments | Sycamore Two | 3BR,1.5BA | $1.27 |
| Oak Park | Dale | 2BR,1BA | $1.25 |
| Capital Place | Two Bedroom One Bath TH | 2BR,1BA | $1.25 |
| Martinique Terrace | 1Bd/1Ba-Dn Mini W/D | 1BR,1BA | $1.18 |
| Fox Club | One Bedroom One Bath | 1BR,1BA | $1.11 |
| Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $1.18 |
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 Woods Park, Indianapolis, IN
Ranked #72
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Meridian Woods Park, Indianapolis, IN
School data provided by Great Schools
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.
Getting Around the Meridian Woods Park Neighborhood in Indianapolis, IN
Walk Score®
39 / 100
Car-Dependent
Most errands require a car
Bike Score®
36 / 100
Somewhat Bikeable
Minimal bike infrastructure
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 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 $929.
What is the price of a cheap apartment in Meridian Woods Park?
The cheapest apartment in Meridian Woods Park is Windsor Court which is listed at $728, while the average apartment in Meridian Woods Park costs $1,700.
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 33 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 $149 which is $1,551 cheaper than the average rent for all rentals in Meridian Woods Park.
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.

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!

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.












