
Cheap Homes for Rent in Meridian Hills Neighborhood of Indianapolis, IN from $600 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Meridian Hills area of Indianapolis.


6114 Hillside Ave
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

6134 Hillside Ave

6128 Winthrop Ave
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.

6128 Winthrop Ave

945 Fox Hill Dr
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.

6349 Broadway St

8446 Viburnum Ct
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!

1623 E 73rd St
Meridian Hills, Indianapolis, IN Local Guide

How much does it cost to rent a home in Meridian Hills?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Meridian Hills 2 Bedroom Homes for Rent | $1,745 | $600 | $2,700 |
Meridian Hills 3 Bedroom Homes for Rent | $2,162 | $1,500 | $2,800 |
Meridian Hills 4 Bedroom Homes for Rent | $4,550 | $2,600 | $6,500 |
Browse Homes for Rent in this Neighborhood
There are currently 9 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 | Studio,1BA | $817 |
Reflections Apartments | Replica | Studio,1BA | $849 |
Best Value Apartments for Rent in Meridian Hills, IN
As of May 14, 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 | $1.07 |
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 | $1.12 |
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.
Frequently Asked Questions about Meridian Hills
What type of rentals are currently available in Meridian Hills?
There are currently 66 Apartments for Rent in Meridian Hills, IN with pricing that ranges from $775 to $5,271. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Meridian Hills ranging from $600 to $6,500.
What is the current price range for Rental Homes in Meridian Hills?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Meridian Hills ranges from $600 to $6,500 with an average monthly rent of $2,389.
How much are larger Three and Four Bedroom Rentals in Meridian Hills?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Meridian Hills range from $1,119 to $4,167, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $2,800. Four Bedroom Single-Family rentals are also available starting from $2,600 and Four Bedroom Apartments start at $1,930.
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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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.