Cheap Apartments for Rent in the North Meridian Neighborhood of Indianapolis, IN from $600 (42 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
$910 - $3,315
Total Monthly Price

Total Monthly Price

Base Rent
$910 - $3,315
Total Monthly Price
$910 - $3,315
Studio to 3 Bedroom Apartments Available Now

9 On Canal

335 W 9th StIndianapolis, IN 46202
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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

$1,200 - $3,271

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
Showing Results 1-42, 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. 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
Volrath**Free Month of Rent ** 128 E Palmer St - Studio1BR,1BA$649
Priscilla on PennsylvaniaStudio- 1st Floor CornerStudio,1BA$799
River West FlatsOne Bedroom One Bath - The Driftwood1BR,1BA$919
Artistry IndyCamille1BR,1BA$1,085
Ralston ApartmentsMagnolia1BR,1BA$1,094
Canal SquareA1 Arch Upgrade1BR,1BA$1,099
The Assumption on Blaine1 Bed 1 Bath1BR,1BA$1,100
RiverviewCalumetStudio,1BA$1,195
Vanguard at 16 TechS1Studio,1BA$1,195
Vivio on Tenth0x1-442Studio,1BA$1,199

Best Value Apartments for Rent in North Meridian, IN

As of May 24, 2026 the best value apartment in the North Meridian area is the $2.02 price per square foot B8 Model at Riley Towers in the in the Near North Indianapolis neighborhood starting from $3,629. The second greatest value North Meridian apartment is the 3 Bedroom 2 Bath Model at The Block starting at $2,459 with a $1.39 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.
Riley TowersB82BR,2.5BA$2.02
The Block3 Bedroom 2 Bath3BR,2BA$1.39
AxisB2-12BR,2BA$1.85
The Assumption on Blaine2 Bed 2 Bath2BR,2BA$1.20
The Congress at Library SquareMelville1BR,1BA$2.00
Nine+EighteenThe Central1BR,1BA$1.84
Penn Street Tower ApartmentsSt. Clair: Floors 10-121BR,1BA$1.94
800 CapitolThe Imprint1BR,1BA$2.07
Volrath0BR/1.0BAStudio ,1BA$1.29
River West FlatsOne Bedroom One Bath - The Driftwood1BR,1BA$1.63

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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 #8

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 $1,199.

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 $2,350.

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 66 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 $338 which is $2,012 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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