
Cheap Apartments for Rent in the Fairgrounds Neighborhood of Indianapolis, IN from $400 (53 Rentals)
Search the lowest-cost Apartments available for rent right now in the Fairgrounds area of Indianapolis.


Meridian Towers

Glenstone Studios

2932 N Dearborn St

2932 N Dearborn St

Maple Court Apartments - Where City Convenience Meets Neighborhood Charm!

34 North Apartments

3725 N Sherman Dr

3534 E Fall Creek Pkwy N Dr

3528 E Fall Creek Pkwy N Dr
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.

Parkway

The Star

Broad Ripple Trails

CityView on Meridian

The Meridian

4901 N Washington Blvd

2945 Schofield Ave, Unit 2945

Carrollton Manor Apartments

The Pines at SoBro

Brockton
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.

Trails at Lakeside

The Domino

Chateau in the Woods

2239 E 34th St

3709-3711 Kinnear Ave

Crown Point Apartments

Charmwood Terrace

Brownstone Apartments

Parkside At Tarkington

THE COURTS OF MONON
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

Sherman Forest

East Village at Avondale Meadows Apartments

Marblehead

VILLAGE AT FALL CREEK

727 Fairfield Ave

The Historic Bauer

Historic Dorchester

Oxmoor Indy

Winston

Overlook at the Fairgrounds
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.

Admiral

The Regal Apartments

1 & 2 Bedroom Apartments in Downtown Indianapolis - Meridian Plaza Awaits You!

Nola Court Apartments

Birchwood Place

Monon Walk Apartments

Point on Fall Creek I

Meier House Apartments

Monon Station Apartments

Chateau De Ville
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
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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 | $1,047 | $625 | $2,948 |
| Fairgrounds 1 Bedroom Apartments | $1,196 | $739 | $1,967 |
| Fairgrounds 2 Bedroom Apartments | $1,424 | $885 | $6,485 |
| Fairgrounds 3 Bedroom Apartments | $1,549 | $1,100 | $2,085 |
| Fairgrounds 4 Bedroom Apartments | $2,227 | $2,000 | $2,455 |
Browse Apartments in this Neighborhood
There are currently 53 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 2 Beds unit found at East Village at Avondale Meadows Apartments priced from $569. Meridian Towers has the second lowest priced unit, which is a Studio apartment currently listed from $629. Here are the most affordable Fairgrounds apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| East Village at Avondale Meadows Apartments | B3 | 2BR,2BA | $569 |
| Meridian Towers | Studio Apartment | Studio,1BA | $629 |
| Glenstone Studios | Studio | Studio,1BA | $649 |
| Oxmoor Indy | 1BR/1.0BA | 1BR,1BA | $699 |
| 34 North Apartments | Studio | Studio,1BA | $725 |
| Nola Court Apartments | 1 Bed- 4442 | 1BR,1BA | $774 |
| Parkway | 1 Bedroom | 1BR,1BA | $799 |
| The Star | 2 Bed | 2BR,1BA | $799 |
| Broad Ripple Trails | STUD-S | Studio,1BA | $819 |
| The Meridian | The Park | 2BR,1BA | $899 |
Best Value Apartments for Rent in Fairgrounds, IN
As of March 11, 2026 the best value apartment in the Fairgrounds area is the $1.11 price per square foot 513 Bernard Ave Model at 513 Bernard Ave, Unit 513 Bernard Basement Unit in the in the Cheswick Place neighborhood starting from $2,000. The second greatest value Fairgrounds apartment is the 2 bed / 2 bath Model at Ashton Park starting at $1,199 with a $1.06 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. |
|---|---|---|---|
| 513 Bernard Ave, Unit 513 Bernard Basement Unit | 513 Bernard Ave | 4BR,2.5BA | $1.11 |
| Ashton Park | 2 bed / 2 bath | 2BR,2BA | $1.06 |
| East Village at Avondale Meadows Apartments | B2 | 2BR,2BA | $1.12 |
| The Star | 2 Bed | 2BR,1BA | $0.76 |
| 3326 Ruckle St, Unit Rear Apartment | 3326 Ruckle St | 1BR,1.5BA | $1.19 |
| 7 Pointe Apartments | Crimson | 1BR,1BA | $1.21 |
| Willow Brook | Two Bedroom One Bath | 2BR,1BA | $1.31 |
| Carrollton Manor Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.20 |
| Oxmoor Indy | 1BR/1.0BA | 1BR,1BA | $1.00 |
| Parkway | 1 Bedroom | 1BR,1BA | $1.43 |
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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Read ArticleYour 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
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 #81
Among cities in Indiana 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!
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 $899.
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 $4,407.
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 21 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 $163 which is $4,244 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.
Helpful Local Expert Guides

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.

Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.