Cheap Homes for Rent in Fairgrounds Neighborhood of Indianapolis, IN from $500 (22 Rentals)

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

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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 34 North Apartments priced from $515. East Village at Avondale Meadows Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $579. Here are the most affordable Fairgrounds apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
34 North ApartmentsStudio, 1 bathStudio,1BA$515
East Village at Avondale Meadows ApartmentsB32BR,2BA$579
Meridian TowersStudio ApartmentStudio,1BA$629
Glenstone StudiosStudioStudio,1BA$649
Oxmoor Indy1BR/1.0BA1BR,1BA$699

Best Value Apartments for Rent in Fairgrounds, IN

As of September 12, 2025 the best value apartment in the Fairgrounds area is the $1.05 price per square foot 3809 N Pennsylvania St Model at 3809 N Pennsylvania St, Unit 1 in the in the Martindale neighborhood starting from $2,100. The second greatest value Fairgrounds apartment is the 2 Bed/2 Bath W/D Dn Model at Fallwood starting at $1,370 with a $1.14 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.
3809 N Pennsylvania St, Unit 13809 N Pennsylvania St3BR,2BA$1.05
Fallwood2 Bed/2 Bath W/D Dn2BR,2BA$1.14
7 Pointe ApartmentsGarnet2BR,2BA$1.01
East Village at Avondale Meadows ApartmentsB22BR,2BA$1.14
The Star2 Bed2BR,1BA$0.85
Oxmoor Indy3BR/1.0BA3BR,1BA$1.00
3229 Dr Andrew J Brown Ave, Unit 3227 Dr Andrew J Brown Av3229 Dr Andrew J Brown Ave3BR,1BA$1.31
Nola Court ApartmentsNola Court - 2Bedroom Apt Near Beautiful Broad ...2BR,1BA$1.12
205 - MERIDIAN PLAZA APARTMENTS1B1BR,1BA$1.02
34 North ApartmentsStudio, 1 bathStudio ,1BA$1.29

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Fairgrounds, Indianapolis, IN

Ranked #125

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Fairgrounds

What type of rentals are currently available in Fairgrounds?

There are currently 195 Apartments for Rent in Fairgrounds, IN with pricing that ranges from $515 to $2,950. There are also 135 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fairgrounds ranging from $595 to $3,700.

What is the current price range for Rental Homes in Fairgrounds?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Fairgrounds ranges from $595 to $3,700 with an average monthly rent of $1,815.

How much are larger Three and Four Bedroom Rentals in Fairgrounds?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Fairgrounds range from $801 to $2,145, while Three Bedroom Homes, Condos, and Townhomes for rent range from $975 to $3,700. Four Bedroom Single-Family rentals are also available starting from $1,550 and Four Bedroom Apartments start at $810.

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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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.