Cheap Homes for Rent in North Meridian Neighborhood of Indianapolis, IN from $800 (2 Rentals)

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Search the lowest-cost Homes available for rent right now in the North Meridian 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.

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.

North Meridian, Indianapolis, IN Local Guide

Best Value Apartments for Rent in North Meridian, IN

As of July 30, 2025 the best value apartment in the North Meridian area is the $1.26 price per square foot Peony Model at Ralston Apartments in the in the Near North Indianapolis neighborhood starting from $2,163. The second greatest value North Meridian apartment is the 1 Bedroom 1 Bath Model at The Block starting at $1,529 with a $1.05 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.
Ralston ApartmentsPeony3BR,3BA$1.26
The Block1 Bedroom 1 Bath1BR,1BA$1.05
The Assumption on Blaine2 Bed 2 Bath2BR,2BA$1.50
Gardens of Canal CourtTwo Bedroom Two Bath (1,184 - 1,194 Square Feet)2BR,2BA$1.29
Gathyr ApartmentsWillard2BR,2BA$1.87
Penn Street Tower ApartmentsSenate 2 Bedroom 1 Bath Apartment at 115 Penn A...2BR,1BA$1.37
Townhomes at Fall Creek PlaceF2BR,1BA$1.61
Wyndham on DelawareThe Cambridge1BR,1BA$1.70
Nine+EighteenThe Penn1BR,1BA$1.80
Madison Lofts1x1 590sf1BR,1BA$1.85

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Frequently Asked Questions about North Meridian

What type of rentals are currently available in North Meridian?

There are currently 63 Apartments for Rent in North Meridian, IN with pricing that ranges from $550 to $8,242. There are also 4 Single Family Homes for rent, Condos, and Townhome rentals currently available in North Meridian ranging from $880 to $2,800.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in North Meridian ranges from $880 to $2,800 with an average monthly rent of $1,643.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.

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

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.