Cheap Apartments for Rent in Fairbanks, IN from $300 (25 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Fairbanks.

close
View Me
Highland
1 to 3 Bedroom Apartments

Highland

1526 Edgar DrCharleston, IL 61920
close
View Me
Sugar Creek Crossing
1 to 2 Bedroom Apartments

Sugar Creek Crossing

211 Joanie LnRobinson, IL 62454
Senior Living
  • Utilities Included
close
View Me
Newton Senior Housing
1 Bedroom Apartments

Newton Senior Housing

201 Eaton StNewton, IL 62448
Senior Living
  • Utilities Included
Showing Results 1-25, Page 1 of 1

Fairbanks, IN Local Guide

Cheapest Available Fairbanks Apartments for Rent and Nearby

 

The cheapest available apartment rental in Fairbanks, IN is a 1 Bed unit found at Union Pointe in the Downtown Terre Haute neighborhood priced from $550. Arthur Ave Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $610. Here is today’s list of the most affordable Fairbanks apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Union Pointe1 Bedroom1BR,2BA$550
Arthur Ave Apartments1x11BR,1BA$610
Southern MeadowsStudioStudio,1BA$625
Highland Terrace Apartments1 Bedroom 1 Bathroom1BR,1BA$675
Historic Walnut SquareTwo Bedroom2BR,1BA$700

Best Value Apartments for Rent in Fairbanks, IN and Nearby

As of April 12, 2025 the best value apartment in the Fairbanks area is the $0.93 price per square foot 4x2 Model at Arbors at Honey Creek in the in the Downtown Terre Haute neighborhood starting from $1,347. The second greatest value Fairbanks apartment is the 3 Bedroom Model at The Millennium Apartments starting at $505 with a $0.41 price per square foot . Here is today’s list of the best values for Fairbanks apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Arbors at Honey Creek4x24BR,2BA$0.93
The Millennium Apartments3 Bedroom3BR,1BA$0.41
Harrison West3 Bedroom3BR,2BA$0.91
ANTHONY SQUARE SENIOR LIVING2 Bed 1 Bath2BR,1BA$1.00
Historic Walnut SquareTwo Bedroom2BR,1BA$0.85
Willow CrossingsPhase I - 2 Bed 1 Bath2BR,1BA$0.98
Sycamore Place Apartments2.1 C2BR,1BA$0.80
Arthur Ave Apartments1x11BR,1BA$0.97
Wabash Riverfront Flats2 bed 1 Bath2BR,1BA$0.95
Union Pointe1 Bedroom1BR,2BA$0.92

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

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Fairbanks, IN Rentals by Map

Decorative image of map

See the most popular apartments and homes in Fairbanks, IN

View MapFairbanks, IN Apartments MapView MapFairbanks, IN Rental Homes Map

Frequently Asked Questions about Cheap Fairbanks Apartments

What is the Cheapest Studio apartment in Fairbanks?

Currently the most affordable Cheap Studio Apartment in Fairbanks is at Southern Meadows listed at $625.

How much is rent for a Cheap One Bedroom Fairbanks Apartment?

The lowest price for a Cheap One Bedroom Fairbanks Apartment is $550 at Union Pointe.

What is the lowest price for a Cheap Two Bedroom Fairbanks Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Fairbanks is starting from $700 at Historic Walnut Square.

What is the most affordable Fairbanks Three Bedroom Apartment?

The best deal on a cheap Fairbanks Three Bedroom Apartment rental is at Harrison West and starts from $1,000.

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 Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.