
Cheap Apartments for Rent near Fairmount, IN from $400 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in Fairmount.


River Landing Apartments

Your new home awaits!

Applegate

Turtle Creek Apartments

Green Town Apartments
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Somerset Apartments

Come home to Granton Place today!

521 W Franklin St

801 W 10th St

Beckford Place

805 N Washington St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

309.5 Central Ave

Senior Living 55+ - Historic Gallatin Square

The Cedars Apartments

Welcome to Somerset Village!

801-B W Riverside Ave

801-D W Riverside Ave
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

The Orchard
Fairmount, IN Local Guide

How much does it cost to rent an apartment in Fairmount?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Fairmount Studio Apartments | $1,017 | $695 | $1,175 |
| Fairmount 1 Bedroom Apartments | $1,222 | $650 | $1,800 |
| Fairmount 2 Bedroom Apartments | $1,308 | $535 | $1,875 |
| Fairmount 3 Bedroom Apartments | $1,025 | $410 | $1,750 |
| Fairmount 4 Bedroom Apartments | $574 | $449 | $898 |
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Fairmount, IN Local Guide
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Cheapest Available Fairmount Apartments for Rent and Nearby
 The cheapest available apartment rental in Fairmount, IN is a 3 Beds unit found at Muncie Varsity House in the Westacres neighborhood priced from $569. Green Town Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Fairmount apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Muncie Varsity House | 3 Bed, 3 Bath Plus | 3BR,3BA | $569 |
| Green Town Apartments | One Bd rm | 1BR,1BA | $700 |
| Applegate | One Bed 1 Bath Standard | 1BR,1BA | $835 |
| Forest Oaks Apartments | 1 Bed 1 Bath (Down) | 1BR,1BA | $850 |
| 6301 W Kilgore Ave | 1 Bed, 1 Bath | 1BR,1BA | $850 |
Best Value Apartments for Rent in Fairmount, IN and Nearby
As of July 28, 2026 the best value apartment in the Fairmount area is the $1.12 price per square foot 3x1.5 R Model at Canterbury Townhomes in the in the Westacres neighborhood starting from $1,460. The second greatest value Fairmount apartment is the Two Bedroom Model at Somerset Apartments starting at $913 with a $0.74 price per square foot . Here is today’s list of the best values for Fairmount apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Canterbury Townhomes | 3x1.5 R | 3BR,1.5BA | $1.12 |
| Somerset Apartments | Two Bedroom | 2BR,1.5BA | $0.74 |
| The Latitude Apartments | 3x2 Renovated | 3BR,2BA | $1.14 |
| Walnut Manor Apartments | WM 3x2 R | 3BR,2BA | $1.22 |
| Delaware Acres | Harborview 66 | 3BR,2BA | $0.99 |
| Silvertree Communities | Linden Place | 3BR,2BA | $0.81 |
| Fox Brook Apartments | 2x1 R | 2BR,1BA | $1.21 |
| Muncie Varsity House | 2 Bed, 2 Bath Renovated | 2BR,2BA | $0.67 |
| 715 E Race St | *Newly Renovated* Premium Style 2-Bedroom Apart... | 2BR,1BA | $1.11 |
| *Newly Renovated* Premium Style 2-4 BD Apartment Home | 2 Beds, 1 bath | 2BR,1BA | $0.94 |
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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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 Fairmount, IN Rentals by Map
See the most popular apartments and homes in Fairmount, IN
Frequently Asked Questions about Cheap Fairmount Apartments
How much is rent for a Cheap One Bedroom Fairmount Apartment?
The lowest price for a Cheap One Bedroom Fairmount Apartment is $700 at Green Town Apartments.
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 $569 at Muncie Varsity House.
What is the most affordable Fairmount Three Bedroom Apartment?
The best deal on a cheap Fairmount Three Bedroom Apartment rental is at Muncie Varsity House and starts from $569.
Expert Rental Resources
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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.