Cheap Homes for Rent in Fairgrounds Neighborhood of Indianapolis, IN from $600 (31 Rentals)

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

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.

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.

property at 607 E 32nd St

607 E 32nd St

IndianapolisIN46205

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.

property at 413 W 40th St

413 W 40th St

IndianapolisIN46208

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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 Glenstone Studios priced from $649. Parkway has the second lowest priced unit, which is a Studio apartment currently listed from $665. Here are the most affordable Fairgrounds apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Glenstone StudiosStudioStudio,1BA$649
ParkwayStudioStudio,1BA$665
East Village at Avondale Meadows ApartmentsA11BR,1BA$693
Meridian TowersStudio ApartmentStudio,1BA$695
Oxmoor Indy1BR/1.0BA1BR,1BA$699
The Star1 Bed1BR,1BA$725
Carrollton Manor Apartments1 Bed 1 Bath1BR,1BA$850
Chateau De VilleBordeauxStudio,1BA$863
Brockton Apartments & TownhomesStudioStudio,1BA$919
The Pines at SoBroTwo Bedrooms2BR,1BA$946

Best Value Apartments for Rent in Fairgrounds, IN

As of June 29, 2025 the best value apartment in the Fairgrounds area is the $1.34 price per square foot 1 Bed/1.5 Ba Den Up Model at Fallwood in the in the United Northeast neighborhood starting from $1,150. The second greatest value Fairgrounds apartment is the 3229 Dr Andrew J Brown Ave Model at 3229 Dr Andrew J Brown Ave, Unit 3227 Dr Andrew J Brown Av starting at $1,100 with a $1.29 price per square foot in the Martindale 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.
Fallwood1 Bed/1.5 Ba Den Up1BR,1.5BA$1.34
3229 Dr Andrew J Brown Ave, Unit 3227 Dr Andrew J Brown Av3229 Dr Andrew J Brown Ave3BR,1BA$1.29
Harbour PointeThe Hideaway1BR,1BA$1.43
7 Pointe ApartmentsCrimson1BR,1BA$1.30
The Star1 Bed1BR,1BA$0.91
Willow BrookTwo Bedroom One Bath2BR,1BA$1.44
East Village at Avondale Meadows ApartmentsA21BR,1BA$1.32
The Pines at SoBroOne Bedrooms1BR,1BA$1.34
Chateau in the Woods1 Bd/1 Ba Sm ABY1BR,1BA$1.47
Oxmoor Indy1BR/1.0BA1BR,1BA$1.00

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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 $649 to $3,586. There are also 122 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fairgrounds ranging from $649 to $4,500.

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 $649 to $4,500 with an average monthly rent of $1,994.

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 $1,057 to $3,586, while Three Bedroom Homes, Condos, and Townhomes for rent range from $975 to $2,600. Four Bedroom Single-Family rentals are also available starting from $1,850 and Four Bedroom Apartments start at $1,296.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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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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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.