Cheap Apartments for Rent in the North Meridian Neighborhood of Indianapolis, IN from $600 (50 Rentals)

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Search the lowest-cost Apartments available for rent right now in the North Meridian area of Indianapolis.

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Lockerbie Flats
$1,095
Total Monthly Price

Total Monthly Price

Base Rent
$1,095
Total Monthly Price
$1,095
Studio Apartments Available Now

Lockerbie Flats

619 Vermont PlIndianapolis, IN 46202
Transit Friendly
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  • Utilities Included
  • 3D Tour

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Ralston Apartments
Rent Specials
$1,171 - $3,496
Total Monthly Price

Total Monthly Price

Base Rent
$1,117 - $3,442
Required Monthly Fees
$54
Total Monthly Price
$1,171 - $3,496
1 to 4 Bedroom Apartments Available Now

Ralston Apartments

1201 Indiana AveIndianapolis, IN 46202
Furnished
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  • Customer Reviewed
  • Utilities Included
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Stadium Lofts & Flats
$1,185 - $1,719
Total Monthly Price

Total Monthly Price

Base Rent
$1,118 - $1,652
Required Monthly Fees
$67
Total Monthly Price
$1,185 - $1,719
1 to 2 Bedroom Apartments Available Now

Stadium Lofts & Flats

1501 W 16th StIndianapolis, IN 46202
Outdoors
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Industry Indianapolis
$1,341 - $3,835
Total Monthly Price

Total Monthly Price

Base Rent
$1,226 - $3,720
Required Monthly Fees
$115
Total Monthly Price
$1,341 - $3,835
Studio to 2 Bedroom Apartments Available Now

Industry Indianapolis

421 N Pennsylvania StIndianapolis, IN 46204
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  • 3D Tour
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CityWay
$1,355 - $6,246
Total Monthly Price

Total Monthly Price

Base Rent
$1,305 - $6,196
Required Monthly Fees
$50
Total Monthly Price
$1,355 - $6,246
1 to 3 Bedroom Apartments Available Now

CityWay

229 S Delaware StIndianapolis, IN 46204
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Capitol Manor
1 Bedroom Apartments

Capitol Manor

842 N Capitol AveIndianapolis, IN 46204
  • Utilities Included
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Blacherne Apartments
Studio to 3 Bedroom Apartments

Blacherne Apartments

402 N Meridian StIndianapolis, IN 46204
  • Utilities Included
property at 230 E 9th St

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250

1 Bedroom, 1 Bath Condo for Rent

Available Now

230 E 9th St

IndianapolisIN46204
property at 230 E 9th St

$1,250 - $1,300

1 Bedroom Rentals

Available Now

230 E 9th St

IndianapolisIN46204
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Turnverein Apartments
Studio to 2 Bedroom Apartments

Turnverein Apartments

902 N Meridian StIndianapolis, IN 46204
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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Showing Results 1-50, Page 1 of 1

North Meridian, Indianapolis, IN Local Guide

Cheapest Available North Meridian Apartments for Rent

 

The cheapest available apartment rental in the North Meridian area of Indianapolis, IN is a 1 Bed unit found at Volrath priced from $649. 9 On Canal has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here are the most affordable North Meridian apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Volrath**Free Month of Rent ** 128 E Palmer St - Studio1BR,1BA$649
9 On CanalStudio - StockholmStudio,1BA$895
Priscilla on PennsylvaniaStudio- 1st Floor CornerStudio,1BA$899
Madison LoftsThe Flat 1x11BR,1BA$899
The Assumption on Blaine1 Bed 1 Bath1BR,1BA$900
Artistry IndyEdie (EcoSuite)Studio,1BA$911
River West FlatsOne Bedroom One Bath - The Driftwood1BR,1BA$949
Gathyr ApartmentsBellStudio,1BA$999
The Riverside Apartment Homes2x1 Upgrade2BR,1BA$1,009
522 Fletcher Ave1BR/1.5BA1BR,1BA$1,025

Best Value Apartments for Rent in North Meridian, IN

As of February 23, 2026 the best value apartment in the North Meridian area is the $1.39 price per square foot 3 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $2,459. The second greatest value North Meridian apartment is the 2 Bed 2 Bath Model at The Assumption on Blaine starting at $1,475 with a $1.12 price per square foot in the Concord neighborhood. Here is today’s list of the best values for North Meridian apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Block3 Bedroom 2 Bath3BR,2BA$1.39
The Assumption on Blaine2 Bed 2 Bath2BR,2BA$1.12
Townhomes at Fall Creek PlaceF2BR,1BA$1.61
The Riverside Apartment Homes2x1 Townhome Upgrade2BR,1BA$1.48
522 Fletcher Ave1BR/1.5BA1BR,1.5BA$1.40
Vivio on TenthPer Bedroom - 2x2 B1 725sf2BR,2BA$1.28
Lockerbie FlatsStudioStudio ,1BA$1.62
Madison LoftsThe Flat 1x11BR,1BA$1.44
Volrath1BR/1.0BA1BR,1BA$1.46
River West FlatsOne Bedroom One Bath - The Driftwood1BR,1BA$1.68

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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Your 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

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Quick Rent Budget Calculator

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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.

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Pet Friendly Lifestyle
North Meridian, Indianapolis, IN

Ranked #20

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap North Meridian Apartments

What is a cheap apartment in North Meridian?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in North Meridian is under $1,025.

What is the price of a cheap apartment in North Meridian?

The cheapest apartment in North Meridian is Volrath which is listed at $649, while the average apartment in North Meridian costs $2,628.

What types of apartments are the cheapest in North Meridian?

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 105 regular apartments in North Meridian 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 North Meridian?

Cheap apartments in North Meridian have an average cost of $362 which is $2,266 cheaper than the average rent for all rentals in North Meridian.

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

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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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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.

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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

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Renting your next home can feel thrilling and overwhelming at the same time.

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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.

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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.