
Cheap Homes for Rent in Fountain Square Neighborhood of Indianapolis, IN from $500 (19 Rentals)
Search the lowest-cost Homes available for rent right now in the Fountain Square area of Indianapolis.


1721 Laurel St

1944 Shelby St

340 Prospect St

1948 Shelby St

336 Prospect St
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.

423 Villa Ave

114 Adler St

419 Harlan St

906 Laurel St

1007 Harlan St

1005 Harlan St
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.

1523 S Talbott St

1668 S Talbott St

1617 Lawton Ave

1615 Lawton Ave

2011 Applegate St

1744 Dawson St
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.

2111 Lexington Ave
Fountain Square, Indianapolis, IN Local Guide

How much does it cost to rent a home in Fountain Square?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Fountain Square 2 Bedroom Homes for Rent | $1,430 | $875 | $2,500 |
| Fountain Square 3 Bedroom Homes for Rent | $1,897 | $1,050 | $3,400 |
| Fountain Square 4 Bedroom Homes for Rent | $2,702 | $1,650 | $3,000 |
| Fountain Square 5 Bedroom Homes for Rent | $2,097 | $1,900 | $2,295 |
| Fountain Square 6 Bedroom Homes for Rent | $6,000 | $6,000 | $6,000 |
Browse Homes for Rent in this Neighborhood
There are currently 19 rentals with your search options within a 1 mile radius of the Fountain Square Neighborhood of Indianapolis, IN.
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Fountain Square, Indianapolis, IN Local Guide
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Cheapest Available Fountain Square Apartments for Rent
 The cheapest available apartment rental in the Fountain Square area of Indianapolis, IN is a 2 Beds unit found at Emhardt Apartments priced from $1,095. Mozzo apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,099. Here are the most affordable Fountain Square apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Emhardt Apartments | 2BR/1.0BA | 2BR,1BA | $1,095 |
| Mozzo apartments | Modern Studio, Steps Away from Downtown and Fou... | Studio,1BA | $1,099 |
| Madison Lofts | The Loft 1x1-L | 1BR,1BA | $1,099 |
| The Vue | STUDIO APARTMENT | Studio,1BA | $1,126 |
| Lofts on Madison | Studio | Studio,1BA | $1,149 |
Best Value Apartments for Rent in Fountain Square, IN
As of October 27, 2025 the best value apartment in the Fountain Square area is the $1.35 price per square foot 2 Bed 1.5 Bath Model at Fountain Square Townhomes in the in the Concord neighborhood starting from $1,619. The second greatest value Fountain Square apartment is the H- 2 Bedroom Model at Slate Apartments starting at $2,240 with a $1.88 price per square foot in the Wholesale District neighborhood. Here is today’s list of the best values for Fountain Square apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Fountain Square Townhomes | 2 Bed 1.5 Bath | 2BR,1.5BA | $1.35 |
| Slate Apartments | H- 2 Bedroom | 2BR,2.5BA | $1.88 |
| Edge 35 | B3 | 2BR,2BA | $1.88 |
| Emhardt Apartments | 2BR/1.0BA | 2BR,1BA | $1.21 |
| The Vue | ONE BEDROOM APARTMENT | 1BR,1BA | $1.69 |
| Madison Lofts | The Loft 1x1-L | 1BR,1BA | $1.63 |
| Lofts on Madison | Studio | Studio ,1BA | $1.70 |
| Pinnex | A1 | 1BR,1BA | $2.11 |
| Five Twenty Virginia | E | 1BR,1BA | $2.05 |
| Wheeler Lofts | B | 1BR,1BA | $2.14 |
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.
Read ArticleDon'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.
Read ArticleThe 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.
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 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 LifestyleFountain Square, Indianapolis, IN
Ranked #122
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Fountain Square
What type of rentals are currently available in Fountain Square?
There are currently 76 Apartments for Rent in Fountain Square, IN with pricing that ranges from $830 to $8,529. There are also 116 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fountain Square ranging from $550 to $6,000.
What is the current price range for Rental Homes in Fountain Square?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Fountain Square ranges from $550 to $6,000 with an average monthly rent of $2,322.
How much are larger Three and Four Bedroom Rentals in Fountain Square?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Fountain Square range from $1,300 to $4,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,050 to $3,400. Four Bedroom Single-Family rentals are also available starting from $1,650 and Four Bedroom Apartments start at $4,485.
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.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.