
Cheap Apartments for Rent in the Fairgrounds Neighborhood of Indianapolis, IN from $300 (41 Rentals)
Search the lowest-cost Apartments available for rent right now in the Fairgrounds area of Indianapolis.


Meridian Towers

1345 E 46th St

The Pines at SoBro
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.

Maple Court

3302 N Chester Ave

3520 E Fall Creek Pkwy N Dr

Broad Ripple Trails

544 W 29th St

Carrollton Manor Apartments

3763 Baltimore Ave

Chateau De Ville
The Art of the Rental Viewing: What to look for during a property tour
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.

3534 E Fall Creek Pkwy N Dr
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

VILLAGE AT FALL CREEK

East Village at Avondale Meadows Apartments
Navigating the Rental Market: Tips for First-Time Renters
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Fairgrounds - One of the Best Affordable Neighborhoods in Indianapolis
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!
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 | $1,123 | $625 | $2,420 |
Fairgrounds 1 Bedroom Apartments | $1,278 | $699 | $2,470 |
Fairgrounds 2 Bedroom Apartments | $1,511 | $775 | $3,710 |
Fairgrounds 3 Bedroom Apartments | $1,854 | $1,064 | $3,795 |
Fairgrounds 4 Bedroom Apartments | $2,530 | $1,236 | $3,075 |
Browse Apartments in this Neighborhood
There are currently 41 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
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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 Parkway priced from $625. 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 |
---|---|---|---|
Parkway | Studio | Studio,1BA | $625 |
Glenstone Studios | Studio | Studio,1BA | $649 |
East Village at Avondale Meadows Apartments | A1 | 1BR,1BA | $693 |
Meridian Towers | Studio Apartment | Studio,1BA | $695 |
Oxmoor Indy | 1BR/1.0BA | 1BR,1BA | $699 |
The Pines at SoBro | Studio Apartment | Studio,1BA | $704 |
205 - MERIDIAN PLAZA APARTMENTS | 1B LG | 1BR,1BA | $764 |
The Star | 2 Beds, 1 Baths | 2BR,1BA | $799 |
Broad Ripple Trails | STUD-S | Studio,1BA | $839 |
Carrollton Manor Apartments | 1 Bed 1 Bath | 1BR,1BA | $850 |
Best Value Apartments for Rent in Fairgrounds, IN
As of June 23, 2025 the best value apartment in the Fairgrounds area is the $0.76 price per square foot 2 Beds, 1 Baths Model at The Star in the in the Martindale neighborhood starting from $799. The second greatest value Fairgrounds apartment is the 1 Bed/1.5 Ba Den Up Model at Fallwood starting at $1,150 with a $1.34 price per square foot in the United Northeast 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. |
---|---|---|---|
The Star | 2 Beds, 1 Baths | 2BR,1BA | $0.76 |
Fallwood | 1 Bed/1.5 Ba Den Up | 1BR,1.5BA | $1.34 |
Harbour Pointe | The Hideaway | 1BR,1BA | $1.43 |
3229 Dr Andrew J Brown Ave, Unit 3227 Dr Andrew J Brown Av | 3229 Dr Andrew J Brown Ave | 3BR,1BA | $1.29 |
7 Pointe Apartments | Crimson | 1BR,1BA | $1.30 |
East Village at Avondale Meadows Apartments | A2 | 1BR,1BA | $1.32 |
205 - MERIDIAN PLAZA APARTMENTS | 1B LG | 1BR,1BA | $1.02 |
Chateau in the Woods | 1 Bd/1 Ba Sm ABY | 1BR,1BA | $1.47 |
Oxmoor Indy | 1BR/1.0BA | 1BR,1BA | $1.00 |
Brockton Apartments & Townhomes | VL1 .1 | 1BR,1BA | $1.51 |
Quick 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 #180
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet 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 Parkway listed at $625.
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 East Village at Avondale Meadows Apartments and starts from $950.
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.

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.

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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.