Cheap Apartments for Rent in the Meridian Woods Park 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 Woods Park area of Indianapolis.

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Rosedale Hills
Studio to 3 Bedroom Apartments

Rosedale Hills

2139 E Hanna AveIndianapolis, IN 46227
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Crossroads at Madison
Studio to 2 Bedroom Apartments

Crossroads at Madison

4725 Madison AveIndianapolis, IN 46227
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Estate View
1 to 2 Bedroom Apartments

Estate View

6768 S East StIndianapolis, IN 46227
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Windsor Court
1 to 2 Bedroom Apartments

Windsor Court

7302 Queen Anne CtIndianapolis, IN 46227
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South & Madison
Studio to 3 Bedroom Apartments

South & Madison

1819 Madison Village DrIndianapolis, IN 46227
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Spicewood
Studio to 2 Bedroom Apartments

Spicewood

354 Spicewood DrIndianapolis, IN 46227

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Crossroads at Southgreen
1 to 2 Bedroom Apartments

Crossroads at Southgreen

5030 Southgreen DrIndianapolis, IN 46227
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The Sterling
1 to 2 Bedroom Apartments

The Sterling

8020 Madison AveIndianapolis, IN 46227
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Fountain Lake Villas
Studio to 3 Bedroom Apartments

Fountain Lake Villas

2220 E Stop 13 RdIndianapolis, IN 46227
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Meridian Woods Park, Indianapolis, IN Local Guide

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 ListingModel NameBed/BathPriced From
5700 Madison Apartments & Edgewood on MadisonEdgewood - CypressStudio,1BA$715
South & MadisonE2Studio,1BA$809
Polo Run ApartmentsThe Shetland StudioStudio,1BA$809
Brookwood Apartments1 Bedroom 1 Bathroom1BR,1BA$839
SpicewoodStudioStudio,1BA$849
Greentree Apartments1 Bedroom 1 Bathroom1BR,1BA$850
The SterlingThe Lexington1BR,1BA$875
Capital PlaceOne Bedroom One Bath TH1BR,1BA$884
Buckridge at Southport1BR/1.0BA1BR,1BA$900
Berkley CommonsOne Bedroom One Bath1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
4946 Camden St, Unit Big Camden4946 Camden St3BR,2BA$1.12
Mansfield Village Townhomes2 Bedroom 1.5 Bath Townhome2BR,1.5BA$1.24
Martinique Terrace3Bd/1.5Ba Dn W/D3BR,1.5BA$1.15
Aspen LakesLarge 2 Bedrooms 2 Baths - Phase II2BR,2BA$1.24
Dakota RidgeYellowstone2BR,2BA$1.22
SOUTHPORT AT BUCK CREEK2 Bedroom2BR,1BA$1.20
Pine GlenRedwood Vintage2BR,1BA$1.17
South & MadisonB22BR,1BA$1.19
Fox ClubOne Bedroom One Bath1BR,1BA$1.14
The SterlingThe Lexington1BR,1BA$1.18

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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.

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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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