Cheap Apartments for Rent in Fairbanks, IN from $300 (52 Rentals)

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Search the lowest-cost Apartments available for rent right now in Fairbanks.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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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Historic Walnut Square
1 to 3 Bedroom Apartments

Historic Walnut Square

200 S 6th StTerre Haute, IN 47807
  • Utilities Included
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Sugar Creek Crossing
1 to 2 Bedroom Apartments

Sugar Creek Crossing

211 Joanie LnRobinson, IL 62454
Senior Living
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Newton Senior Housing
1 to 2 Bedroom Apartments

Newton Senior Housing

201 Eaton StNewton, IL 62448
Senior Living
  • 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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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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property at 574 N Virgil St

$850 - $1,000

1 To 2 Bedroom Rentals

Available Now

574 N Virgil St

JasonvilleIN47438
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The Deming
Studio to 2 Bedroom Apartments

The Deming

615 Cherry StTerre Haute, IN 47807

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.

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Showing Results 1-50, Page 1 of 2

Fairbanks, IN Local Guide

Cheapest Available Fairbanks Apartments for Rent and Nearby

 

The cheapest available apartment rental in Fairbanks, IN is a 1 Bed unit found at Anthony Square Senior Apartments in the Downtown Terre Haute neighborhood priced from $525. Union Pointe in the Downtown Terre Haute neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $550. Here is today’s list of the most affordable Fairbanks apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Anthony Square Senior Apartments1 BR, 1 BA1BR,1BA$525
Union Pointe1 Bedroom1BR,2BA$550
Arbors at Honey Creek2x22BR,2BA$610
Arthur Ave Apartments1x11BR,1BA$610
Southern Meadows Senior Living1 Bed Apt1BR,1BA$650
Cine Senior ApartmentsTwo Bedroom2BR,1BA$690
The Annex of Terre HauteStudio CStudio,1BA$700
The Village1BR/1.0BA1BR,1BA$725
THE GROVE AT FARRINGTON2 Bed 1 Bath2BR,1BA$750
Winston Terrace2BR/1BA2BR,1BA$795

Best Value Apartments for Rent in Fairbanks, IN and Nearby

As of May 25, 2026 the best value apartment in the Fairbanks area is the $0.57 price per square foot 2x2 Model at Arbors at Honey Creek in the in the Downtown Terre Haute neighborhood starting from $610. The second greatest value Fairbanks apartment is the 2BR/1BA Model at Winston Terrace starting at $795 with a $0.94 price per square foot . Here is today’s list of the best values for Fairbanks apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Arbors at Honey Creek2x22BR,2BA$0.57
Winston Terrace2BR/1BA2BR,1BA$0.94
THE GROVE AT FARRINGTON2 Bed 1 Bath2BR,1BA$0.90
Ashton Apartments1BR/1.5BA1BR,1.5BA$1.08
The Landings1 Bedroom1BR,1BA$1.22
Sycamore Place2.1 C2BR,1BA$0.80
Arthur Ave Apartments1x11BR,1BA$0.97
Union Pointe1 Bedroom1BR,2BA$0.92
Anthony Square Senior Apartments2 BR, 1 BA2BR,1BA$1.20
Southern Meadows Senior Living1 Bed Apt1BR,1BA$1.19

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Fairbanks, IN Rentals by Map

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See the most popular apartments and homes in Fairbanks, IN

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Frequently Asked Questions about Cheap Fairbanks Apartments

How much is rent for a Cheap One Bedroom Fairbanks Apartment?

The lowest price for a Cheap One Bedroom Fairbanks Apartment is $525 at Anthony Square Senior Apartments.

What is the lowest price for a Cheap Two Bedroom Fairbanks Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Fairbanks is starting from $610 at Arbors at Honey Creek.

What is the most affordable Fairbanks Three Bedroom Apartment?

The best deal on a cheap Fairbanks Three Bedroom Apartment rental is at Arbors at Honey Creek and starts from $706.

Expert Rental Resources

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.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.