Cheap Apartments for Rent in the North Meridian Neighborhood of Indianapolis, IN from $543 (31 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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9 On Canal
Rent Specials
$1,113 - $3,518
Total Monthly Price

Total Monthly Price

Base Rent
$1,113 - $3,518
Total Monthly Price
$1,113 - $3,518
Studio to 3 Bedroom Apartments Available Now

9 On Canal

335 W 9th StIndianapolis, IN 46202
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour

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Ralston Apartments
Rent Specials
$1,213 - $2,949
Total Monthly Price

Total Monthly Price

Base Rent
$1,213 - $2,949
Total Monthly Price
Varies
1 to 4 Bedroom Apartments Available Now

Ralston Apartments

1201 Indiana AveIndianapolis, IN 46202
Corporate Housing
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  • Customer Reviewed
  • 3D Tour

North Meridian - One of the Best Affordable Neighborhoods in Indianapolis

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

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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
Showing Results 1-31, 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 Central @ 29 priced from $543. Priscilla on Pennsylvania has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable North Meridian apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Central @ 291 Bedroom - A1BR,1BA$543
Priscilla on PennsylvaniaStudio- 1st Floor CornerStudio,1BA$799
Madison Lofts1 Bedroom 1 Bathroom1BR,1BA$899
The DominoThe Spark IStudio,1BA$995
Vivio on Tenth0x1-S2-501Studio,1BA$999
Artistry IndyEdie (EcoSuite)Studio,1BA$1,034
GathyrBatesStudio,1BA$1,130
Penn Street Tower ApartmentsSt. Clair: Floors 08-091BR,1BA$1,149
River West FlatsTwo Bedroom One Bath - The Columbia2BR,1BA$1,149
The Congress at Library SquarePoeStudio,1BA$1,183

Best Value Apartments for Rent in North Meridian, IN

As of August 24, 2026 the best value apartment in the North Meridian area is the $1.36 price per square foot 3 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $2,399. The second greatest value North Meridian apartment is the Star Townhome Model at Pulliam Square starting at $2,725 with a $1.55 price per square foot in the Riley 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$1.36
Pulliam SquareStar Townhome2BR,2BA$1.55
829 N Pennsylvania St, Unit 2B829 N Pennsylvania St2BR,2.5BA$1.75
Applegate Flats2 Bed 1.5 bath2BR,1.5BA$1.55
Ralston ApartmentsIris2BR,2BA$1.70
The Riverside Apartment Homes2x1 Upgrade2BR,1BA$1.35
The E'LaanThe Vonnegut1BR,1BA$1.70
Penn Street Tower ApartmentsSt. Clair: Floors 13-151BR,1BA$1.72
Central @ 291 Bedroom - ADA1BR,1BA$1.49
Madison Lofts1 Bedroom 1 Bathroom1BR,1BA$1.44

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

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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Pet Friendly Lifestyle
North Meridian, Indianapolis, IN

Ranked #12

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 $1,183.

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

The cheapest apartment in North Meridian is Central @ 29 which is listed at $543, while the average apartment in North Meridian costs $1,610.

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 47 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 $262 which is $1,348 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.

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