Cheap Studio Apartments for Rent in the Fairgrounds Neighborhood of Indianapolis, IN from $649 (14 Rentals)
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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 | $1,192 | $649 | $2,880 |
Fairgrounds 1 Bedroom Apartments | $1,395 | $775 | $2,405 |
Fairgrounds 2 Bedroom Apartments | $1,499 | $830 | $3,695 |
Fairgrounds 3 Bedroom Apartments | $1,751 | $1,130 | $4,040 |
Fairgrounds 4 Bedroom Apartments | $1,927 | $1,420 | $2,435 |
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Fairgrounds, Indianapolis, IN Local Guide
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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.
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 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 $975.
What is the price of a cheap apartment in Fairgrounds?
The cheapest apartment in Fairgrounds is Glenstone Studios which is listed at $649, while the average apartment in Fairgrounds costs $1,927.
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 11 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 $115 which is $1,812 cheaper than the average rent for all rentals in Fairgrounds.
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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