Cheap Homes for Rent in Meridian Woods Park Neighborhood of Indianapolis, IN from $300 (10 Rentals)

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

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.

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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.

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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 1 Bed unit found at Windsor Court priced from $728. 5700 Madison Apartments & Edgewood on Madison has the second lowest priced unit, which is a Studio apartment currently listed from $740. Here are the most affordable Meridian Woods Park apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Windsor CourtStandard One Bedroom (SN1)1BR,1BA$728
5700 Madison Apartments & Edgewood on MadisonEdgewood - CypressStudio,1BA$740
South & MadisonE2Studio,1BA$840

Best Value Apartments for Rent in Meridian Woods Park, IN

As of July 14, 2025 the best value apartment in the Meridian Woods Park area is the $1.24 price per square foot 2 Bedroom 1.5 Bath Townhome Model at Mansfield Village Townhomes in the in the Winchester Village neighborhood starting from $1,650. The second greatest value Meridian Woods Park apartment is the Yellowstone Model at Dakota Ridge starting at $1,405 with a $1.36 price per square foot in the Shelby Street-Epler Avenue 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.
Mansfield Village Townhomes2 Bedroom 1.5 Bath Townhome2BR,1.5BA$1.24
Dakota RidgeYellowstone2BR,2BA$1.36
Fox ClubTwo Bedroom Two Bath2BR,2BA$1.13
Brookwood ApartmentsSycamore Two3BR,1.5BA$1.33
Oak ParkForest1BR,1BA$1.17
Auburn Place ApartmentsMahogany2BR,1BA$1.09
Martinique Terrace1Bd/1Ba-Dn Mini W/D1BR,1BA$1.35
Waterford Place ApartmentsThe Dublin2BR,1BA$1.37
Pine GlenOne Bedroom One Bath1BR,1BA$1.14
The SterlingThe Lexington1BR,1BA$1.32

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Frequently Asked Questions about Meridian Woods Park

What type of rentals are currently available in Meridian Woods Park?

There are currently 71 Apartments for Rent in Meridian Woods Park, IN with pricing that ranges from $600 to $2,258. There are also 50 Single Family Homes for rent, Condos, and Townhome rentals currently available in Meridian Woods Park ranging from $355 to $3,500.

What is the current price range for Rental Homes in Meridian Woods Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Meridian Woods Park ranges from $355 to $3,500 with an average monthly rent of $1,875.

How much are larger Three and Four Bedroom Rentals in Meridian Woods Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Meridian Woods Park range from $1,130 to $2,258, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $2,170. Four Bedroom Single-Family rentals are also available starting from $1,749 and Four Bedroom Apartments start at $1,675.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.