
Cheap Homes for Rent in the Fairgrounds Neighborhood of Indianapolis, IN from $500 (24 Rentals)
Search the lowest-cost Homes available for rent right now in the Fairgrounds area of Indianapolis.


2930 N Dearborn St, Unit A

2930 N Dearborn St

3763 Broadway St

3165 Station St, Unit B

2905 N Denny St, Unit A

3235 N Kenwood Ave

316 W 29th St
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3725 N Sherman Dr, Unit 7

3286 Hovey St

2318 E 36th St

330 W 40th St

3472 N Dearborn St

2221 E 38th St

3502 Brouse Ave

2952 Adams St
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143 W 35th St

3241 Guilford Ave

4843 N College Ave

3151 N New Jersey St

3558 N Washington Blvd

3450 Graceland Ave

4155 Graceland Ave

2949 Adams St
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Fairgrounds, Indianapolis, IN Local Guide

How much does it cost to rent a home in Fairgrounds?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Fairgrounds 2 Bedroom Homes for Rent | $1,349 | $850 | $2,095 |
| Fairgrounds 3 Bedroom Homes for Rent | $1,748 | $1,025 | $3,300 |
| Fairgrounds 4 Bedroom Homes for Rent | $2,299 | $1,850 | $3,000 |
| Fairgrounds 5 Bedroom Homes for Rent | $2,516 | $1,800 | $3,150 |
| Fairgrounds 6 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
Browse Homes for Rent in this Neighborhood
There are currently 24 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 Studio unit found at Glenstone Studios priced from $665. Meridian Towers has the second lowest priced unit, which is a Studio apartment currently listed from $699. Here are the most affordable Fairgrounds apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Glenstone Studios | Studio | Studio,1BA | $665 |
| Meridian Towers | Studio Apartment | Studio,1BA | $699 |
| Oxmoor Indy | 1BR/1.0BA | 1BR,1BA | $699 |
| East Village at Avondale Meadows Apartments | A1 | 1BR,1BA | $703 |
| 34 North Apartments | Studio | Studio,1BA | $725 |
Best Value Apartments for Rent in Fairgrounds, IN
As of August 02, 2026 the best value apartment in the Fairgrounds area is the $0.93 price per square foot 3017 Broadway St Model at 3017 Broadway St, Unit 3017 Broadway in the in the Martindale neighborhood starting from $1,400. The second greatest value Fairgrounds apartment is the B6 Brockton Green Townhome Model at Brockton starting at $1,424 with a $1.32 price per square foot in the Allisonville 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. |
|---|---|---|---|
| 3017 Broadway St, Unit 3017 Broadway | 3017 Broadway St | 3BR,1.5BA | $0.93 |
| Brockton | B6 Brockton Green Townhome | 2BR,1.5BA | $1.32 |
| 7 Pointe Apartments | Garnet | 2BR,2BA | $0.99 |
| East Village at Avondale Meadows Apartments | B2 | 2BR,2BA | $1.14 |
| The Star | 2 Bed | 2BR,1BA | $0.76 |
| 3326 Ruckle St, Unit Rear Apartment | 3326 Ruckle St | 1BR,1.5BA | $1.19 |
| Oxmoor Indy | 3BR/1.0BA | 3BR,1BA | $1.00 |
| Broad Ripple Trails | 2BR-L Rehab Village | 2BR,1BA | $1.33 |
| The Meridian | The Delaware | 2BR,1BA | $1.24 |
| Maple Court | 2 Bed Original | 2BR,1BA | $1.23 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
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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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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 #125
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
Frequently Asked Questions about Fairgrounds
What type of rentals are currently available in Fairgrounds?
There are currently 202 Apartments for Rent in Fairgrounds, IN with pricing that ranges from $599 to $4,908. There are also 118 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fairgrounds ranging from $599 to $3,300.
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 $599 to $3,300 with an average monthly rent of $1,644.
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 $825 to $1,984, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,025 to $3,300. Four Bedroom Single-Family rentals are also available starting from $1,850 and Four Bedroom Apartments start at $2,475.
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

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Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

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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.

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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.

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.