
Cheap Homes for Rent in Fairbanks, IN from $500 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Fairbanks.


428 S 15th St

1228 E Dawn Dr
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.

1233 S 10th St

610 S 5th St

1400 Wabash Ave

620 College Ave

2829 S 9th 1/2 St

1193 E Dawn Dr

1119 S 11th St

2816 Dean Ave
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.

832 S 17th St

1201 S 7th St
Fairbanks, IN Local Guide

How much does it cost to rent a home in Fairbanks?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Fairbanks 2 Bedroom Homes for Rent | $989 | $725 | $1,200 |
Fairbanks 3 Bedroom Homes for Rent | $1,290 | $600 | $2,000 |
Fairbanks 4 Bedroom Homes for Rent | $2,212 | $2,000 | $2,425 |
Fairbanks 5 Bedroom Homes for Rent | $2,550 | $2,550 | $2,550 |
Browse Top Homes for Rent in Fairbanks
Explore Fairbanks
Fairbanks, IN Local Guide
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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. Lakewood Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $500. Here is today’s list of the most affordable Fairbanks apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Historic Walnut Square | Two Bedroom | 2BR,1BA | $417 |
Lakewood Apartments | Studio | Studio,1BA | $500 |
The Millennium Apartments | 3 Bedroom | 3BR,1BA | $505 |
Sullivan Downtown Townhomes | 3 Bed 2.5 Bath Duplex | 3BR,2BA | $534 |
Springhill Apartments | Efficiency - 1 Person | Studio,1BA | $550 |
Best Value Apartments for Rent in Fairbanks, IN and Nearby
As of July 23, 2025 the best value apartment in the Fairbanks area is the $1.16 price per square foot Single Family Home Model at Sullivan Downtown Townhomes in the starting from $1,598. The second greatest value Fairbanks apartment is the 3 Bedroom Model at The Millennium Apartments starting at $505 with a $0.41 price per square foot . Here is today’s list of the best values for Fairbanks apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Sullivan Downtown Townhomes | Single Family Home | 3BR,2.5BA | $1.16 |
The Millennium Apartments | 3 Bedroom | 3BR,1BA | $0.41 |
Arbors at Honey Creek | 2x2 | 2BR,2BA | $0.57 |
Harrison West | 2 Bedroom | 2BR,1BA | $0.93 |
Park Place | 1639, 3 bed | 3BR,1BA | $1.15 |
ANTHONY SQUARE SENIOR LIVING | 2 Bed 1 Bath | 2BR,1BA | $1.00 |
The Annex of Terre Haute | 2 bed 2 Bath A | 2BR,2BA | $0.71 |
Historic Walnut Square | Two Bedroom | 2BR,1BA | $0.51 |
Ashton Apartments | 1BR/1.5BA | 1BR,1.5BA | $1.09 |
Union Pointe | 1 Bedroom | 1BR,2BA | $0.92 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Fairbanks
What type of rentals are currently available in Fairbanks?
There are currently 39 Apartments for Rent in Fairbanks, IN with pricing that ranges from $351 to $2,522. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fairbanks ranging from $595 to $2,550.
What is the current price range for Rental Homes in Fairbanks?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Fairbanks ranges from $595 to $2,550 with an average monthly rent of $1,425.
How much are larger Three and Four Bedroom Rentals in Fairbanks?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Fairbanks range from $534 to $2,522, while Three Bedroom Homes, Condos, and Townhomes for rent range from $600 to $2,000. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $514.
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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.

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.