Cheap Homes for Rent in Fountain Square Neighborhood of Indianapolis, IN from $500 (21 Rentals)

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

property at 336 Prospect St

336 Prospect St

IndianapolisIN46225

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.

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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.

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property at 821 Iowa St

821 Iowa St

IndianapolisIN46203

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.

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Showing Results 1-21, 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 Volrath priced from $649. Mozzo apartments has the second lowest priced unit, which is a Studio apartment currently listed from $999. Here are the most affordable Fountain Square apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Volrath**Free Month of Rent ** 128 E Palmer St - Studio1BR,1BA$649
Mozzo apartments7180A2 - Muzio Studio - 596 sqftStudio,1BA$999
522 Fletcher Ave1BR/1.5BA1BR,1BA$1,025
Emhardt Apartments2BR/1.0BA2BR,1BA$1,095
Lofts on MadisonStudioStudio,1BA$1,099

Best Value Apartments for Rent in Fountain Square, IN

As of December 11, 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 929 English Ave Model at 929 English Ave, Unit A starting at $1,500 with a $1.36 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Fountain Square Townhomes2 Bed 1.5 Bath2BR,1.5BA$1.35
929 English Ave, Unit A929 English Ave2BR,2BA$1.36
Wheeler LoftsT1BR,1BA$1.62
Emhardt Apartments2BR/1.0BA2BR,1BA$1.21
Mozzo apartments7180A1 - Bernini 1x1 - 780 sqft1BR,1BA$1.79
The VueONE BEDROOM APARTMENT1BR,1BA$1.59
522 Fletcher Ave1BR/1.5BA1BR,1.5BA$1.40
Madison LoftsThe Loft 1x1-L1BR,1BA$1.63
Lofts on MadisonStudioStudio ,1BA$1.63
Volrath0BR/1.0BAStudio ,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.

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The 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.

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Your 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

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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.

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Pet Friendly Lifestyle
Fountain Square, Indianapolis, IN

Ranked #107

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Fountain Square

What type of rentals are currently available in Fountain Square?

There are currently 77 Apartments for Rent in Fountain Square, IN with pricing that ranges from $649 to $19,088. There are also 113 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fountain Square ranging from $550 to $4,250.

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 $4,250 with an average monthly rent of $1,755.

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 $1,295 to $4,560, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,050 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,650 and Four Bedroom Apartments start at $1,050.

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.

Articles, How-To's, and Tips

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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.

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!