Cheap Homes for Rent in Fairbanks, IN from $500 (16 Rentals)

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property at 820 Poplar St

820 Poplar St

Terre HauteIN47807

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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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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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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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

Best Value Apartments for Rent in Fairbanks, IN and Nearby

As of June 04, 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
Lakewood Apartments2 Bed new carpet2BR,1BA$0.98
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

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 $2,510. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fairbanks ranging from $575 to $2,650.

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 $575 to $2,650 with an average monthly rent of $1,353.

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 $464 to $2,223, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $2,000. Four Bedroom Single-Family rentals are also available starting from $2,425 and Four Bedroom Apartments start at $465.

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.