Cheap Apartments for Rent in the Fairgrounds Neighborhood of Indianapolis, IN from $499 (108 Rentals)

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

property at 3763 Broadway St
$625 - $675
1 Bedroom Rentals
Available Now
Cost Per Sq.Ft.

3763 Broadway St

IndianapolisIN46205
property at 3165 Station St
$699
Studio To 3 Bedroom Rentals
Available Now
Affordability

3165 Station St

IndianapolisIN46218
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property at 3450 Graceland Ave
$1,075

Total Monthly Price

Base Rent$1,075
Total Monthly Price$1,075
3 Bedroom, 1 Bath Townhome for Rent
Available Now
Affordability

3450 Graceland Ave

IndianapolisIN46208
property at 4155 Graceland Ave
$1,100 - $2,400
1 To 4 Bedroom Homes for Rent
Available Now
Cost Per Sq.Ft.

4155 Graceland Ave

IndianapolisIN46208
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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!

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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
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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
Oxmoor Indy1BR/1.0BA1BR,1BA$699
East Village at Avondale Meadows ApartmentsA11BR,1BA$703
34 North ApartmentsStudioStudio,1BA$725
Maple Court1 Bed Original1BR,1BA$735
Evergreen on the Monon, LLC1BD/1Bth1BR,1BA$749
The Star2 Bed2BR,1BA$799
Parkway1 Bedroom1BR,1BA$799

Best Value Apartments for Rent in Fairgrounds, IN

As of September 09, 2026 the best value apartment in the Fairgrounds area is the $1.29 price per square foot 612 E 46th St Model at 612 E 46th St, Unit 612 E 46th Street in the in the Keystone-Monon neighborhood starting from $1,800. The second greatest value Fairgrounds apartment is the Garnet Model at 7 Pointe Apartments starting at $1,069 with a $0.99 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 ListingModel NameBed/BathPrice Per Sq.Ft.
612 E 46th St, Unit 612 E 46th Street612 E 46th St2BR,1BA$1.29
7 Pointe ApartmentsGarnet2BR,2BA$0.99
The Star2 Bed2BR,1BA$0.76
3326 Ruckle St, Unit Rear Apartment3326 Ruckle St1BR,1.5BA$1.19
Meridian Plaza2B2BR,1BA$0.93
Broad Ripple Flats2x1.52BR,1.5BA$1.23
Fallwood1 Bed/1.5 Ba Den Up1BR,1.5BA$1.22
Stanton Apartments2B-SR2BR,1BA$1.12
Oxmoor Indy1BR/1.0BA1BR,1BA$1.00
Maple Court1 Bed Original1BR,1BA$1.31

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Pet Friendly Lifestyle
Fairgrounds, Indianapolis, IN

Ranked #150

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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!

Frequently Asked Questions about Cheap Fairgrounds Apartments

What is a cheap apartment in Fairgrounds?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Fairgrounds is under $799.

What is the price of a cheap apartment in Fairgrounds?

The cheapest apartment in Fairgrounds is Oxmoor Indy which is listed at $699, while the average apartment in Fairgrounds costs $1,265.

What types of apartments are the cheapest in Fairgrounds?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 23 regular apartments in Fairgrounds that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Fairgrounds?

Cheap apartments in Fairgrounds have an average cost of $191 which is $1,074 cheaper than the average rent for all rentals in Fairgrounds.

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.

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