
Cheap Homes for Rent in the Fountain Square Neighborhood of Indianapolis, IN from $600 (19 Rentals)
Search the lowest-cost Homes available for rent right now in the Fountain Square area of Indianapolis.


340 Prospect St

2002 1/2 Shelby St

2145 Singleton St

432 Sanders St, Unit A

906 Laurel St
Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.

1629 Spruce St

112 Adler St

432 Sanders St, Unit A

1509 S Randolph St

1626 Lawton Ave

341 S Randolph St
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

1010 Bates St

1013 E Legrande Ave

1529 Dawson St

1524 E Legrande Ave

2036 Calhoun St

1307 Wright St
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

1438 S Meridian St
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 | $1,568 | $900 | $2,300 |
| Fountain Square 3 Bedroom Homes for Rent | $1,908 | $800 | $4,350 |
| Fountain Square 4 Bedroom Homes for Rent | $2,785 | $2,100 | $4,750 |
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 Volrath priced from $775. Madison Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $830. Here are the most affordable Fountain Square apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Volrath | 2BR/1.0BA | 2BR,1BA | $775 |
| Madison Lofts | 1 Bedroom 1-ART Bathroom | 1BR,1BA | $830 |
| 522 Fletcher Ave | *ONE FREE MONTH OF RENT* 522 Fletcher Ave - 1 ... | 1BR,1BA | $1,025 |
| Lofts on Madison | Studio, 1 bath | Studio,1BA | $1,050 |
| The Vue | STUDIO APARTMENT | Studio,1BA | $1,111 |
Best Value Apartments for Rent in Fountain Square, IN
As of August 08, 2026 the best value apartment in the Fountain Square area is the $1.82 price per square foot 2BR/1.5BA Model at Fletcher Place Terrace Building 2 in the in the Riley neighborhood starting from $2,040. The second greatest value Fountain Square apartment is the 2B2B-S - The Swinton Model at Leo starting at $1,675 with a $1.92 price per square foot in the Riley 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. |
|---|---|---|---|
| Fletcher Place Terrace Building 2 | 2BR/1.5BA | 2BR,1.5BA | $1.82 |
| Leo | 2B2B-S - The Swinton | 2BR,2BA | $1.92 |
| Pinnex | B1 | 2BR,1BA | $2.01 |
| The Vue | ONE BEDROOM APARTMENT | 1BR,1BA | $1.69 |
| 522 Fletcher Ave | *ONE FREE MONTH OF RENT* 522 Fletcher Ave - 1 ... | 1BR,1BA | $1.40 |
| Lofts on Madison | 1 Bed, 1 bath | 1BR,1BA | $2.03 |
| 1701 Fletcher Ave | 1701 Fletcher Ave | 1BR,1BA | $1.71 |
| City's End | Charlotte 1.1 | Studio ,1BA | $2.02 |
| Madison Lofts | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.44 |
| Volrath | 1BR/1.0BA | 1BR,1BA | $1.29 |
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.
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 LifestyleFountain Square, Indianapolis, IN
Ranked #100
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 79 Apartments for Rent in Fountain Square, IN with pricing that ranges from $556 to $14,232. There are also 110 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fountain Square ranging from $650 to $4,750.
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 $650 to $4,750 with an average monthly rent of $1,800.
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 $1,025 to $4,335, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $4,350. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $3,868.
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

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

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.

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.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
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.