Cheap Apartments for Rent in the Meridian Woods Park Neighborhood of Indianapolis, IN from $600 (35 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
  • Utilities Included
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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
  • Utilities Included
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Fountain Lake Villas
Studio to 3 Bedroom Apartments

Fountain Lake Villas

2220 E Stop 13 RdIndianapolis, IN 46227
Senior Living
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Lighthouse Landings
1 to 2 Bedroom Apartments

Lighthouse Landings

6640 Heron Neck DrIndianapolis, IN 46217
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The Sterling
1 to 2 Bedroom Apartments

The Sterling

8020 Madison AveIndianapolis, IN 46227

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 $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 ListingModel NameBed/BathPriced From
5700 Madison Apartments & Edgewood on MadisonEdgewood - LoftStudio,1BA$670
Windsor CourtStandard One Bedroom (SN1)1BR,1BA$728
South & MadisonE2Studio,1BA$840
SpicewoodStudioStudio,1BA$849
Buckridge at Southport1BR/1.0BA1BR,1BA$850
Polo Run ApartmentsThe Morgan 1 BR 1 BA1BR,1BA$858
Fox ClubOne Bedroom One Bath1BR,1BA$889
Brookwood ApartmentsEvergreen Three1BR,1BA$907
Meridian Court SouthHideaway 1 & 21BR,1BA$920
Oak ParkForest1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Aspen Lakes3 Bedrooms 2 Baths- Phase I3BR,2BA$1.14
Waterford Place ApartmentsThe Cottage2BR,2BA$1.24
Southern DunesOasis2BR,2BA$1.30
Auburn Place ApartmentsMerlot2BR,1.5BA$1.24
Brookwood ApartmentsSycamore Two3BR,1.5BA$1.27
Oak ParkDale2BR,1BA$1.25
Capital PlaceTwo Bedroom One Bath TH2BR,1BA$1.25
Martinique Terrace1Bd/1Ba-Dn Mini W/D1BR,1BA$1.18
Fox ClubOne Bedroom One Bath1BR,1BA$1.11
Buckridge at Southport1BR/1.0BA1BR,1BA$1.18

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Meridian Woods Park, Indianapolis, IN

Ranked #72

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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.

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

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.

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.