
Cheap Apartments for Rent in the Meridian Hills Neighborhood of Indianapolis, IN from $700 (34 Rentals)
Cheap Apartments in the Meridian Hills area of Indianapolis.


The Hub at Nora

6114 Hillside Ave

The Meridian North and South

6134 Hillside Ave

Reflections Apartments

Wellington Square Apartments

Lincolnshire Broad Ripple

Jade North Apartments
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Landmark

Meridian Lakes

Woodlake

Grove on Harcourt

The Manning Apartment Homes

Edison at Meridian Hills

Park 66 Flats

Broad Ripple Flats

Edgewater Apartments

Notch at Nora
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Nora Commons on the Monon Senior Apartments

6128 Winthrop Ave

6128 Winthrop Ave
Meridian Hills - 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!
Meridian Hills, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Meridian Hills?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Meridian Hills Studio Apartments | $1,252 | $784 | $5,271 |
Meridian Hills 1 Bedroom Apartments | $1,248 | $775 | $3,120 |
Meridian Hills 2 Bedroom Apartments | $1,480 | $909 | $3,695 |
Meridian Hills 3 Bedroom Apartments | $1,732 | $1,154 | $4,167 |
Browse Apartments in this Neighborhood
There are currently 34 rentals with your search options within a 2 mile radius of the Meridian Hills Neighborhood of Indianapolis, IN.
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Meridian Hills, Indianapolis, IN Local Guide
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Cheapest Available Meridian Hills Apartments for Rent
 The cheapest available apartment rental in the Meridian Hills area of Indianapolis, IN is a Studio unit found at The Hub at Nora priced from $800. Turtle Creek has the second lowest priced unit, which is a Studio apartment currently listed from $817. Here are the most affordable Meridian Hills apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Hub at Nora | Studio - 441 Sq Ft | Studio,1BA | $800 |
Turtle Creek | Studio 3rd | Studio,1BA | $817 |
Reflections Apartments | Replica | Studio,1BA | $834 |
Lincolnshire Broad Ripple | 1 Bedroom Garden Level | 1BR,1BA | $875 |
The Meridian North and South | A5S South | 1BR,1BA | $904 |
The Eclipse | Phoenix | 1BR,1BA | $905 |
Grove on 79th | 1 Bed 1 Bath Apartment | 1BR,1BA | $910 |
Landmark | Ranier | Studio,1BA | $915 |
Wellington Square Apartments | 1BR/1BA | 1BR,1BA | $926 |
Jade North Apartments | Plan G | 1BR,1BA | $950 |
Best Value Apartments for Rent in Meridian Hills, IN
As of May 02, 2025 the best value apartment in the Meridian Hills area is the $1.32 price per square foot Two Bedroom with Bonus Room (7176B2) Model at Pinnacle on Meridian in the in the Nora neighborhood starting from $2,899. The second greatest value Meridian Hills apartment is the 2 Bed, 2.5 Bath, 2 car Garage Townhome Model at Townes at Winthrop starting at $2,200 with a $1.19 price per square foot in the Warfleigh neighborhood. Here is today’s list of the best values for Meridian Hills apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Pinnacle on Meridian | Two Bedroom with Bonus Room (7176B2) | 2BR,2BA | $1.32 |
Townes at Winthrop | 2 Bed, 2.5 Bath, 2 car Garage Townhome | 2BR,2.5BA | $1.19 |
Everly at Meridian Hills | Orchid | 3BR,2BA | $1.13 |
North Willow | 2 Bed/2 Bath-Dn | 2BR,2BA | $1.17 |
Private Reserve Townhomes | The Newburgh | 2BR,1.5BA | $1.07 |
The Jameson | Montclair | 2BR,2BA | $1.39 |
Grove on Harcourt | 1 Bed 1.5 Bath Apartment | 1BR,1.5BA | $1.18 |
Jade North Apartments | Plan G | 1BR,1BA | $1.29 |
Northwood on the Trail | The Redbud I 60% | 1BR,1BA | $1.42 |
Wellington Square Apartments | 1BR/1BA | 1BR,1BA | $1.35 |
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.
Pet Friendly LifestyleMeridian Hills, Indianapolis, IN
Ranked #45
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
Our team is happy to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, and customized analysis for Indianapolis, Indiana. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for the best outdoor access, luxury amenities, places to raise kids, raising pets, transit options, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!
Getting Around the Meridian Hills Neighborhood in Indianapolis, IN
Walk Score®
54 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
66 / 100
Bikeable
Some bike infrastructure
Transit Score®
24 / 100
Minimal Transit
It may be possible to get on a bus
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 Meridian Hills Apartments
What is a cheap apartment in Meridian Hills?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Meridian Hills is under $950.
What is the price of a cheap apartment in Meridian Hills?
The cheapest apartment in Meridian Hills is Lincolnshire Broad Ripple which is listed at $875, while the average apartment in Meridian Hills costs $1,949.
What types of apartments are the cheapest in Meridian Hills?
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 7 regular apartments in Meridian Hills 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 Meridian Hills?
Cheap apartments in Meridian Hills have an average cost of $173 which is $1,776 cheaper than the average rent for all rentals in Meridian Hills.
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.

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.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.