Cheap Apartments for Rent in Fairbanks, IN from $300 (30 Rentals)

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

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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Highland
1 to 3 Bedroom Apartments

Highland

1526 Edgar DrCharleston, IL 61920
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Sugar Creek Crossing
1 to 2 Bedroom Apartments

Sugar Creek Crossing

211 Joanie LnRobinson, IL 62454
Senior Living
  • Utilities Included
property at 820 Poplar St

820 Poplar St

Terre HauteIN47807

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.

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Newton Senior Housing
1 Bedroom Apartments

Newton Senior Housing

201 Eaton StNewton, IL 62448
Senior Living
  • Utilities Included

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.

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Fairbanks, IN Local Guide

Cheapest Available Fairbanks Apartments for Rent and Nearby

 

The cheapest available apartment rental in Fairbanks, IN is a 2 Beds unit found at Historic Walnut Square in the Downtown Terre Haute neighborhood priced from $417. 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
Historic Walnut SquareTwo Bedroom2BR,1BA$417
Union Pointe1 Bedroom1BR,2BA$550
Arthur Ave Apartments1x11BR,1BA$610
Highland Terrace1 Bed 1 Bath1BR,1BA$675
Southern Meadows Senior Living1 Bed Apt1BR,1BA$695
Springhill Apartments1 Bedroom1BR,1BA$700
The Annex of Terre HauteStudio CStudio,1BA$750
Harrison West2 Bedroom2BR,1BA$800
Willow CrossingsPhase I - 1 Bed 1 Bath w Patio1BR,1BA$800
University Village Student HousingLarge Loft1BR,1BA$810

Best Value Apartments for Rent in Fairbanks, IN and Nearby

As of June 01, 2025 the best value apartment in the Fairbanks area is the $0.41 price per square foot 3 Bedroom Model at The Millennium Apartments in the starting from $505. The second greatest value Fairbanks apartment is the 2x2 Model at Arbors at Honey Creek starting at $1,022 with a $0.95 price per square foot in the Downtown Terre Haute neighborhood. 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.
The Millennium Apartments3 Bedroom3BR,1BA$0.41
Arbors at Honey Creek2x22BR,2BA$0.95
Harrison West2 Bedroom2BR,1BA$0.93
ANTHONY SQUARE SENIOR LIVING2 Bed 1 Bath2BR,1BA$1.00
Historic Walnut SquareTwo Bedroom2BR,1BA$0.51
Willow CrossingsPhase I - 1 Bed 1 Bath w Patio1BR,1BA$1.13
Sycamore Place Apartments2.1 C2BR,1BA$0.80
Arthur Ave Apartments1x11BR,1BA$0.97
Wabash Riverfront Flats2 bed 1 Bath2BR,1BA$0.95
Union Pointe1 Bedroom1BR,2BA$0.92

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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

What is the Cheapest Studio apartment in Fairbanks?

Currently the most affordable Cheap Studio Apartment in Fairbanks is at The Annex of Terre Haute listed at $750.

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

The lowest price for a Cheap One Bedroom Fairbanks Apartment is $550 at Union Pointe.

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 $417 at Historic Walnut Square.

What is the most affordable Fairbanks Three Bedroom Apartment?

The best deal on a cheap Fairbanks Three Bedroom Apartment rental is at Historic Walnut Square and starts from $479.

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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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.

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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.

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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.

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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.