Cheap Homes for Rent in Fairgrounds Neighborhood of Indianapolis, IN from $500 (27 Rentals)

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

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.

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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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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Showing Results 1-27, Page 1 of 1

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
Monon Park1 Bed 1 Bath1BR,1BA$796
The Star2 Bed2BR,1BA$799
Parkway1 Bedroom1BR,1BA$799
Nola Court ApartmentsNola Court - 2Bedroom Apt Near Beautiful Broad ...2BR,1BA$814
East Village at Avondale Meadows ApartmentsB12BR,2BA$829
Broad Ripple TrailsSTUD-SStudio,1BA$839

Best Value Apartments for Rent in Fairgrounds, IN

As of November 03, 2025 the best value apartment in the Fairgrounds area is the $0.69 price per square foot 3809 N Pennsylvania St Model at 3809 N Pennsylvania St, Unit 1 in the in the Martindale neighborhood starting from $1,380. The second greatest value Fairgrounds apartment is the 2 Bed Model at The Star starting at $799 with a $0.76 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.
3809 N Pennsylvania St, Unit 13809 N Pennsylvania St3BR,2BA$0.69
The Star2 Bed2BR,1BA$0.76
Broad Ripple Flats2x1.52BR,1.5BA$1.23
Oxmoor Indy3BR/1.0BA3BR,1BA$1.00
The Pines at SoBro3x1 Premium3BR,1BA$1.37
Chateau De VilleOrleans2BR,1BA$1.22
Brockton Apartments & TownhomesVL2.1PE2BR,1BA$1.31
Nola Court ApartmentsNola Court - 2Bedroom Apt Near Beautiful Broad ...2BR,1BA$1.12
7 Pointe ApartmentsAdmiral1BR,1BA$1.36
Monon Park1 Bed 1 Bath1BR,1BA$1.33

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Your 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

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Quick 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.

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Pet Friendly Lifestyle
Fairgrounds, Indianapolis, IN

Ranked #98

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Fairgrounds, Indianapolis, IN

School data provided by Great Schools

Frequently Asked Questions about Fairgrounds

What type of rentals are currently available in Fairgrounds?

There are currently 201 Apartments for Rent in Fairgrounds, IN with pricing that ranges from $629 to $2,930. There are also 157 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fairgrounds ranging from $585 to $4,700.

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 $585 to $4,700 with an average monthly rent of $1,896.

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 $1,099 to $2,065, while Three Bedroom Homes, Condos, and Townhomes for rent range from $950 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $2,435.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.