Cheap Apartments for Rent in Fairmount, IN from $300 (10 Rentals)

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

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.

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.

Fairmount, IN Local Guide

Cheapest Available Fairmount Apartments for Rent and Nearby

 

The cheapest available apartment rental in Fairmount, IN is a 1 Bed unit found at 55+ Historic Gallatin Square Senior priced from $379. The Haven in the Westacres neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $510. Here is today’s list of the most affordable Fairmount apartments for rent:

Apartment ListingModel NameBed/BathPriced From
55+ Historic Gallatin Square SeniorOne Bedroom1BR,1BA$379
The Haven4x44BR,4BA$510
Yugo Muncie Varsity House3 Bed, 3 Bath Classic Renovated3BR,3BA$569

Best Value Apartments for Rent in Fairmount, IN and Nearby

As of August 30, 2025 the best value apartment in the Fairmount area is the $0.62 price per square foot 2BD/2BA Furnished Premium Model at University Village in the in the Westacres neighborhood starting from $809. The second greatest value Fairmount apartment is the 2 Bedroom Model at Thomas Jefferson Park starting at $850 with a $0.77 price per square foot . Here is today’s list of the best values for Fairmount apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
University Village2BD/2BA Furnished Premium2BR,2BA$0.62
Thomas Jefferson Park2 Bedroom2BR,1.5BA$0.77
Tin Plate Apartments2 Beds, 2 Baths2BR,2BA$1.12
55+ Historic Gallatin Square SeniorTwo Bedroom2BR,1BA$0.86
The Latitude2 Bed 2 Bath Apartment - Premium2BR,2BA$1.09
PARK FOREST APARTMENTS2BR/1.0BA2BR,1BA$1.03
Yugo Muncie Varsity House2 Bed, 2 Bath Renovated2BR,2BA$0.89
Silvertree CommunitiesSilvertree 2bd2BR,1BA$0.72
Somerset ApartmentsOne Bedroom1BR,1BA$0.98
116 S Walnut St, Unit 116116 S Walnut St1BR,1BA$0.79

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

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Getting Around Fairmount, IN

Walk Score®

10 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

28 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Fairmount Apartments

What is the Cheapest Studio apartment in Fairmount?

Currently the most affordable Cheap Studio Apartment in Fairmount is at Applegate listed at $795.

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

The lowest price for a Cheap One Bedroom Fairmount Apartment is $379 at 55+ Historic Gallatin Square Senior.

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

Today's best deal for a Cheap Two Bedroom Apartment in Fairmount is starting from $670 at The Haven.

What is the most affordable Fairmount Three Bedroom Apartment?

The best deal on a cheap Fairmount Three Bedroom Apartment rental is at The Haven and starts from $555.

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 Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.