
Cheap Homes for Rent in North Meridian Neighborhood of Indianapolis, IN from $800 (1 Rental)
Search the lowest-cost Homes available for rent right now in the North Meridian area of Indianapolis.

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.
North Meridian, Indianapolis, IN Local Guide

How much does it cost to rent a home in North Meridian?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
North Meridian 2 Bedroom Homes for Rent | $2,350 | $2,350 | $2,350 |
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North Meridian, Indianapolis, IN Local Guide
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Best Value Apartments for Rent in North Meridian, IN
As of May 14, 2025 the best value apartment in the North Meridian area is the $1.65 price per square foot 2 Bed 1 Bath Model at Kennedy Apartments in the in the Near North Indianapolis neighborhood starting from $1,485. The second greatest value North Meridian apartment is the Wharton Model at The Congress at Library Square starting at $1,734 with a $2.32 price per square foot in the Near North Indianapolis neighborhood. Here is today’s list of the best values for North Meridian apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Kennedy Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.65 |
The Congress at Library Square | Wharton | 1BR,1BA | $2.32 |
Canal Overlook Apartments | Gallery | 1BR,1BA | $2.62 |
333 Penn Apartments | Capitol - Corner View | 1BR,1BA | $1.99 |
800 Capitol | Imprint - Market | 1BR,1BA | $2.07 |
Union Square | The Cornell | 1BR,1BA | $2.21 |
The Continental Towers at Vermont Place | Blacherne- B3 | 1BR,1BA | $2.57 |
The Leo | The Eli | Studio ,1BA | $2.36 |
Edge 35 | S3 | Studio ,1BA | $2.43 |
Senate Manor | 1.1 Ap | 1BR,1BA | $2.40 |
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 North Meridian
What type of rentals are currently available in North Meridian?
There are currently 23 Apartments for Rent in North Meridian, IN with pricing that ranges from $950 to $4,292. There are also 2 Single Family Homes for rent, Condos, and Townhome rentals currently available in North Meridian ranging from $880 to $2,350.
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 $2,350 with an average monthly rent of $1,615.
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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