Cheap Apartments for Rent in the Fairgrounds Neighborhood of Indianapolis, IN from $300 (37 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Fairgrounds area of Indianapolis.

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.

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Charmwood Terrace
Studio to 2 Bedroom Apartments

Charmwood Terrace

3419 N Pennsylvania StIndianapolis, IN 46205
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Parkside At Tarkington
1 to 2 Bedroom Apartments

Parkside At Tarkington

3901 N Meridian StIndianapolis, IN 46208
Senior Living
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THE COURTS OF MONON
Studio to 1 Bedroom Apartments

THE COURTS OF MONON

3605-3609 Balsam AveIndianapolis, IN 46205

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Sherman Forest
Studio to 4 Bedroom Apartments

Sherman Forest

3615 Sherman Forest DrIndianapolis, IN 46205
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Marblehead
Studio to 2 Bedroom Apartments

Marblehead

3310 N Meridian StIndianapolis, IN 46208
  • Utilities Included
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VILLAGE AT FALL CREEK
Studio to 1 Bedroom Apartments

VILLAGE AT FALL CREEK

3520-3534 Fall Creek Parkway North DrIndianapolis, IN 46205
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727 Fairfield Ave
1 Bedroom Apartments

727 Fairfield Ave

727 Fairfield AveIndianapolis, IN 46205
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The Historic Bauer
1 to 2 Bedroom Apartments

The Historic Bauer

3720 N Meridian StIndianapolis, IN 46208
  • Utilities Included
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Historic Dorchester
1 to 4 Bedroom Apartments

Historic Dorchester

3720 N Pennsylvania StIndianapolis, IN 46205
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Oxmoor Indy
1 to 3 Bedroom Apartments

Oxmoor Indy

3640 N Meridian StIndianapolis, IN 46208
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Winston
1 Bedroom Apartments

Winston

3630 N Meridian StIndianapolis, IN 46208
  • Utilities Included

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.

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Admiral
1 to 4 Bedroom Apartments

Admiral

3025 N Meridian StIndianapolis, IN 46208
  • Utilities Included
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The Regal Apartments
1 to 2 Bedroom Apartments

The Regal Apartments

3603 N Washington BlvdIndianapolis, IN 46205
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Monon Walk Apartments
Studio to 1 Bedroom Apartments

Monon Walk Apartments

6115 Winthrop AveIndianapolis, IN 46220
  • Utilities Included
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Monon Park
1 to 3 Bedroom Apartments

Monon Park

5801 N Olney StIndianapolis, IN 46220

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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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4901 N Washington Blvd
1 Bedroom Apartments

4901 N Washington Blvd

4901 N Washington BlvdIndianapolis, IN 46205
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Fairgrounds, Indianapolis, IN Local Guide

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 ListingModel NameBed/BathPriced From
Meridian TowersStudio ApartmentStudio,1BA$629
Glenstone StudiosStudioStudio,1BA$649
East Village at Avondale Meadows ApartmentsA11BR,1BA$693
Oxmoor Indy1BR/1.0BA1BR,1BA$699
The Star2 Bed2BR,1BA$799
Parkway1 Bedroom1BR,1BA$799
Nola Court ApartmentsNola Court - 2Bedroom Apt Near Beautiful Broad ...2BR,1BA$814
Monon Park1 Bed 1 Bath1BR,1BA$826
Broad Ripple TrailsSTUD-SStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
3809 N Pennsylvania St, Unit 13809 N Pennsylvania St3BR,2BA$0.71
4143 Central Ave, Unit 41434143 Central Ave3BR,1BA$1.07
The Star2 Bed2BR,1BA$0.76
Oxmoor Indy3BR/1.0BA3BR,1BA$1.00
Brockton Apartments & TownhomesVL2.1PE2BR,1BA$1.31
Fallwood1 Bed/1.5 Ba Dn1BR,1.5BA$1.38
Nola Court ApartmentsNola Court - 2Bedroom Apt Near Beautiful Broad ...2BR,1BA$1.12
The Pines at SoBro1 Bedroom 1 Bath Apartment1BR,1BA$1.23
7 Pointe ApartmentsAdmiral1BR,1BA$1.36
Monon Park1 Bed 1 Bath1BR,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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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.

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The 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.

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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com

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Pet Friendly Lifestyle
Fairgrounds, Indianapolis, IN

Ranked #113

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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

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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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis

Written by: Wendy Melton

Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.