Cheap Apartments for Rent in the North Meridian Neighborhood of Indianapolis, IN from $500 (52 Rentals)

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

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 Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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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 Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Capitol Manor
1 Bedroom Apartments

Capitol Manor

842 N Capitol AveIndianapolis, IN 46204
  • Utilities Included
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800 Capitol
1 to 2 Bedroom Apartments

800 Capitol

800 N Capitol AveIndianapolis, IN 46204
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Blacherne Apartments
Studio to 3 Bedroom Apartments

Blacherne Apartments

402 N Meridian StIndianapolis, IN 46204
  • Utilities Included
Showing Results 1-50, Page 1 of 2

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 Studio unit found at Vivio on Tenth priced from $900. Senate Manor has the second lowest priced unit, which is a Studio apartment currently listed from $930. Here are the most affordable North Meridian apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Vivio on Tenth0x1-549Studio,1BA$900
Senate ManorS.1 CStudio,1BA$930
Circle City ApartmentsWinterhouse Studio 402Studio,1BA$970
Devonshire Apartments in Downtown Indianapolis1BR/1.0BA1BR,1BA$990
River West FlatsStudioStudio,1BA$999
Maryden on CentralThe Escape at MarydenStudio,1BA$1,005
The Assumption on Blaine1 Bed 1 Bath1BR,1BA$1,030
Gathyr ApartmentsBatesStudio,1BA$1,049
Artistry IndyPop1BR,1BA$1,064
Wesley PlacePierson1BR,1BA$1,070

Best Value Apartments for Rent in North Meridian, IN

As of October 09, 2025 the best value apartment in the North Meridian area is the $1.02 price per square foot 2 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $1,829. The second greatest value North Meridian apartment is the 2 Bed 2 Bath Model at The Assumption on Blaine starting at $1,775 with a $1.35 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 Block2 Bedroom 2 Bath2BR,2BA$1.02
The Assumption on Blaine2 Bed 2 Bath2BR,2BA$1.35
Nine+EighteenThe Arch2BR,2BA$1.85
Edge 35B32BR,2BA$1.88
Townhomes at Fall Creek PlaceF2BR,1BA$1.61
Hinge Apartments1 Bedroom1BR,1BA$1.92
Penn Street Tower ApartmentsWabash: Floors 02-071BR,1BA$1.60
Cosmopolitan on the CanalAthens1BR,1BA$2.00
Buckingham & BalmoralBalmoral 1 Bedroom Apartment- 704 Sq. Ft.1BR,1BA$1.90
Madison LoftsThe Loft 1x1-L1BR,1BA$1.81

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 #18

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the North Meridian Neighborhood in Indianapolis, IN

Walk Score®

90 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

99 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

61 / 100

Good Transit

Many nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $1,070.

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

The cheapest apartment in North Meridian is Devonshire Apartments in Downtown Indianapolis which is listed at $990, while the average apartment in North Meridian costs $2,743.

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 42 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 $291 which is $2,452 cheaper than the average rent for all rentals in North Meridian.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.