Cheap Homes for Rent in Fountain Square Neighborhood of Indianapolis, IN from $800 (22 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in the Fountain Square 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.

Read Article

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.

Read Article

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.

Read Article
property at 155 Harlan St

155 Harlan St

IndianapolisIN46201
Showing Results 1-22, Page 1 of 1

Fountain Square, Indianapolis, IN Local Guide

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 Madison Lofts priced from $830. Lofts on Madison has the second lowest priced unit, which is a Studio apartment currently listed from $1,049. Here are the most affordable Fountain Square apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Madison Lofts1x1 583sf1BR,1BA$830
Lofts on MadisonStudioStudio,1BA$1,049
The VueSTUDIO APARTMENTStudio,1BA$1,146
Rise on MeridianThe AmeliaStudio,1BA$1,251
The LeoThe EliStudio,1BA$1,285

Best Value Apartments for Rent in Fountain Square, IN

As of June 18, 2025 the best value apartment in the Fountain Square area is the $1.06 price per square foot 1 Bedroom 1 Bath Model at The Block in the in the Riley neighborhood starting from $1,549. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Block1 Bedroom 1 Bath1BR,1BA$1.06
Five Twenty VirginiaK2BR,1BA$1.85
Union SquareThe Christie Furnished1BR,1BA$2.68
The VueONE BEDROOM APARTMENT1BR,1BA$1.63
Madison Lofts1x1 657sf1BR,1BA$1.90
Mozzo apartmentsLive in The Heart of Fountain-Fletcher Arts Dis...1BR,1BA$2.22
CityWayCarter1BR,1BA$2.47
The LeoThe EliStudio ,1BA$2.36
9 on CanalManchester1BR,1BA$2.73
Lofts on MadisonStudioStudio ,1BA$2.10

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Fountain Square

What type of rentals are currently available in Fountain Square?

There are currently 71 Apartments for Rent in Fountain Square, IN with pricing that ranges from $830 to $12,260. There are also 64 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fountain Square ranging from $875 to $4,100.

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 $875 to $4,100 with an average monthly rent of $2,004.

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.