
Cheap Apartments for Rent in the Fairgrounds Neighborhood of Indianapolis, IN from $300 (38 Rentals)
Search the lowest-cost Apartments available for rent right now in the Fairgrounds area of Indianapolis.


34 North Apartments

3610 Balsam Ave

136 W 37th St

Broad Ripple Trails

4013 Clarendon Rd, Unit 4013
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3247-3247 Winthrop Ave

Maple Court

The Pines at SoBro

Carrollton Manor Apartments
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VILLAGE AT FALL CREEK

East Village at Avondale Meadows Apartments
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Fairgrounds, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Fairgrounds?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Fairgrounds Studio Apartments | $1,092 | $629 | $2,177 |
| Fairgrounds 1 Bedroom Apartments | $1,197 | $699 | $2,154 |
| Fairgrounds 2 Bedroom Apartments | $1,432 | $799 | $3,041 |
| Fairgrounds 3 Bedroom Apartments | $1,575 | $1,099 | $2,065 |
| Fairgrounds 4 Bedroom Apartments | $2,435 | $2,435 | $2,435 |
Browse Apartments in this Neighborhood
There are currently 38 rentals with your search options within a 2 mile radius of the Fairgrounds Neighborhood of Indianapolis, IN.
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Fairgrounds, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
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Cheapest Available Fairgrounds Apartments for Rent
 The cheapest available apartment rental in the Fairgrounds area of Indianapolis, IN is a Studio unit found at Meridian Towers priced from $629. Glenstone Studios has the second lowest priced unit, which is a Studio apartment currently listed from $649. Here are the most affordable Fairgrounds apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Meridian Towers | Studio Apartment | Studio,1BA | $629 |
| Glenstone Studios | Studio | Studio,1BA | $649 |
| East Village at Avondale Meadows Apartments | A1 | 1BR,1BA | $693 |
| Oxmoor Indy | 1BR/1.0BA | 1BR,1BA | $699 |
| The Star | 2 Bed | 2BR,1BA | $799 |
| Parkway | 1 Bedroom | 1BR,1BA | $799 |
| Nola Court Apartments | Nola Court - 2Bedroom Apt Near Beautiful Broad ... | 2BR,1BA | $814 |
| Monon Park | 1 Bed 1 Bath | 1BR,1BA | $826 |
| Broad Ripple Trails | STUD-S | Studio,1BA | $839 |
Best Value Apartments for Rent in Fairgrounds, IN
As of October 24, 2025 the best value apartment in the Fairgrounds area is the $0.71 price per square foot 3809 N Pennsylvania St Model at 3809 N Pennsylvania St, Unit 1 in the in the Martindale neighborhood starting from $1,420. The second greatest value Fairgrounds apartment is the 4143 Central Ave Model at 4143 Central Ave, Unit 4143 starting at $1,600 with a $1.07 price per square foot in the United Northwest neighborhood. Here is today’s list of the best values for Fairgrounds apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 3809 N Pennsylvania St, Unit 1 | 3809 N Pennsylvania St | 3BR,2BA | $0.71 |
| 4143 Central Ave, Unit 4143 | 4143 Central Ave | 3BR,1BA | $1.07 |
| The Star | 2 Bed | 2BR,1BA | $0.76 |
| Oxmoor Indy | 3BR/1.0BA | 3BR,1BA | $1.00 |
| Brockton Apartments & Townhomes | VL2.1PE | 2BR,1BA | $1.31 |
| Fallwood | 1 Bed/1.5 Ba Dn | 1BR,1.5BA | $1.38 |
| Nola Court Apartments | Nola Court - 2Bedroom Apt Near Beautiful Broad ... | 2BR,1BA | $1.12 |
| The Pines at SoBro | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.23 |
| 7 Pointe Apartments | Admiral | 1BR,1BA | $1.36 |
| Monon Park | 1 Bed 1 Bath | 1BR,1BA | $1.38 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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Read ArticleYour Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
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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.
Pet Friendly LifestyleFairgrounds, Indianapolis, IN
Ranked #113
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Fairgrounds, Indianapolis, IN
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for North Central Indianapolis. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for the best outdoor access, luxury housing options, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!
Getting Around the Fairgrounds Neighborhood in Indianapolis, IN
Walk Score®
64 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
73 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
35 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Fairgrounds Apartments
What is the Cheapest Studio apartment in Fairgrounds?
Currently the most affordable Cheap Studio Apartment in Fairgrounds is at Meridian Towers listed at $629.
How much is rent for a Cheap One Bedroom Fairgrounds Apartment?
The lowest price for a Cheap One Bedroom Fairgrounds Apartment is $693 at East Village at Avondale Meadows Apartments.
What is the lowest price for a Cheap Two Bedroom Fairgrounds Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Fairgrounds is starting from $799 at The Star.
What is the most affordable Fairgrounds Three Bedroom Apartment?
The best deal on a cheap Fairgrounds Three Bedroom Apartment rental is at Oxmoor Indy and starts from $999.
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.

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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.

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Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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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.

























