
Cheap Homes for Rent in Fairbanks, IN from $600 (17 Rentals)
Search the lowest-cost Homes available for rent right now in Fairbanks.


1231 S 10th St

916 Kussner St

2607 S 8th St

1908 Hulman St
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.

2486 E Clayton Dr

2875 S 6th St

1058 US-150

918 S 4th St

1004 S 9th St
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.

630 S 7th St

702 S 8th St

1401 S 18th St

1009 S 8th St

6578 Allendale Blvd
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.

2025 S 7th St

1321 S 19th 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 | $936 | $795 | $1,300 |
| Fairbanks 3 Bedroom Homes for Rent | $1,046 | $895 | $1,195 |
| Fairbanks 4 Bedroom Homes for Rent | $1,769 | $995 | $2,425 |
| Fairbanks 5 Bedroom Homes for Rent | $2,575 | $2,550 | $2,600 |
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 3 Beds unit found at The Millennium Apartments priced from $505. Lakewood Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $550. Here is today’s list of the most affordable Fairbanks apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Millennium Apartments | 3 Bedroom | 3BR,1BA | $505 |
| Lakewood Apartments | Studio | Studio,1BA | $550 |
| Union Pointe | 1 Bedroom | 1BR,2BA | $550 |
| 1905 12th St | 1BDR | 1BR,1BA | $650 |
| Highland Terrace | 1 Bed 1 Bath | 1BR,1BA | $675 |
Best Value Apartments for Rent in Fairbanks, IN and Nearby
As of December 06, 2025 the best value apartment in the Fairbanks area is the $0.80 price per square foot 4BR/4.0BA Model at Ashton Apartments in the starting from $1,200. The second greatest value Fairbanks apartment is the 4x2 Model at Arbors at Honey Creek starting at $1,322 with a $0.91 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Ashton Apartments | 4BR/4.0BA | 4BR,4BA | $0.80 |
| Arbors at Honey Creek | 4x2 | 4BR,2BA | $0.91 |
| The Millennium Apartments | 3 Bedroom | 3BR,1BA | $0.41 |
| River Valley Apartments | 2 Bedroom 2 Bath | 2BR,2BA | $1.11 |
| ANTHONY SQUARE SENIOR LIVING | 2 Bed 1 Bath | 2BR,1BA | $0.94 |
| Springhill Apartments | 2 Bedroom | 2BR,1BA | $0.98 |
| Willow Crossings | Phase I - Luxury 1 Bed 1 Bath | 1BR,1BA | $1.16 |
| Riverside Apartments | 2 Bedroom | 2BR,1BA | $1.07 |
| Sycamore Place Apartments | 2.1 C | 2BR,1BA | $0.80 |
| Union Pointe | 1 Bedroom | 1BR,2BA | $0.92 |
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Fairbanks, IN Rentals by Map
See the most popular apartments and homes in Fairbanks, IN
Frequently Asked Questions about Fairbanks
What type of rentals are currently available in Fairbanks?
There are currently 42 Apartments for Rent in Fairbanks, IN with pricing that ranges from $519 to $2,636. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fairbanks ranging from $600 to $2,600.
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 $600 to $2,600 with an average monthly rent of $1,405.
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 $2,259, while Three Bedroom Homes, Condos, and Townhomes for rent range from $895 to $1,195. Four Bedroom Single-Family rentals are also available starting from $995 and Four Bedroom Apartments start at $549.
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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.