
Cheap Homes for Rent in Fountain Square Neighborhood of Indianapolis, IN from $500 (13 Rentals)
Search the lowest-cost Homes available for rent right now in the Fountain Square area of Indianapolis.


336 Prospect St

1640 Asbury St

824 Harlan St

1017 Laurel St

245 S Randolph 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.

1626 Lawton Ave

1615 Lawton Ave

1805 Calhoun St

1619 S Randolph St

823 Iowa St

1828 Hoyt Ave
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.

1737 Terrace 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 | $1,583 | $945 | $2,500 |
| Fountain Square 3 Bedroom Homes for Rent | $1,955 | $1,095 | $3,720 |
| Fountain Square 4 Bedroom Homes for Rent | $2,156 | $1,295 | $3,900 |
| Fountain Square 5 Bedroom Homes for Rent | $2,100 | $1,450 | $2,750 |
| Fountain Square 6 Bedroom Homes for Rent | $1,850 | $1,850 | $1,850 |
Browse Homes for Rent in this Neighborhood
There are currently 13 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 1 Bed unit found at Volrath priced from $649. Madison Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. Here are the most affordable Fountain Square apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Volrath | **Free Month of Rent ** 128 E Palmer St - Studio | 1BR,1BA | $649 |
| Madison Lofts | The Flat 1x1 | 1BR,1BA | $899 |
| 522 Fletcher Ave | 1BR/1.5BA | 1BR,1BA | $1,025 |
| Edge 35 | S1 | Studio,1BA | $1,098 |
| Lofts on Madison | Studio | Studio,1BA | $1,099 |
Best Value Apartments for Rent in Fountain Square, IN
As of March 20, 2026 the best value apartment in the Fountain Square area is the $2.10 price per square foot 2 Bedroom Model at Hinge Apartments in the in the Wholesale District neighborhood starting from $2,290. The second greatest value Fountain Square apartment is the K Model at Five Twenty Virginia starting at $1,879 with a $1.85 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. |
|---|---|---|---|
| Hinge Apartments | 2 Bedroom | 2BR,2.5BA | $2.10 |
| Five Twenty Virginia | K | 2BR,1BA | $1.85 |
| The Vue | ONE BEDROOM APARTMENT | 1BR,1BA | $1.85 |
| Pinnex | A3 | 1BR,1BA | $1.98 |
| Lofts on Madison | Studio | Studio ,1BA | $1.63 |
| Forte Apartments | C- Studio | Studio ,1BA | $2.12 |
| Madison Lofts | The Flat 1x1 | 1BR,1BA | $1.44 |
| Volrath | 0BR/1.0BA | Studio ,1BA | $1.29 |
| City's End | Barcelona 0.1 | Studio ,1BA | $2.14 |
| Mozzo apartments | 7180A5 - Ponti Studio - 515 Sqft | Studio ,1BA | $2.33 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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 ArticleCash 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.
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 #139
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 74 Apartments for Rent in Fountain Square, IN with pricing that ranges from $649 to $15,856. There are also 98 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fountain Square ranging from $550 to $3,900.
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 $3,900 with an average monthly rent of $1,805.
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 $1,550 to $4,474, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,095 to $3,720. Four Bedroom Single-Family rentals are also available starting from $1,295 and Four Bedroom Apartments start at $4,409.
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

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.

Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
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.

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
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.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.