Cheap Homes for Rent in Fairgrounds Neighborhood of Indianapolis, IN from $600 (20 Rentals)

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

Fairgrounds

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

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property at 2101 E 38th St

2101 E 38th St

IndianapolisIN46218
property at 413 W 40th St

413 W 40th St

IndianapolisIN46208
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Fairgrounds, Indianapolis, IN Local Guide

Cheapest Available Fairgrounds Apartments for Rent

 

The cheapest available apartment rental in the Fairgrounds area of Indianapolis, IN is a 1 Bed unit found at East Village at Avondale Meadows Apartments priced from $635. Meridian Towers has the second lowest priced unit, which is a Studio apartment currently listed from $699. Here are the most affordable Fairgrounds apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
East Village at Avondale Meadows ApartmentsA11BR,1BA$635
Meridian TowersStudio ApartmentStudio,1BA$699
Glenstone StudiosStudioStudio,1BA$699
Oxmoor Indy1BR/1.0BA1BR,1BA$699
Maple CourtStudioStudio,1BA$725

Best Value Apartments for Rent in Fairgrounds, IN

As of April 08, 2025 the best value apartment in the Fairgrounds area is the $1.13 price per square foot 2 Bed/2Bath W/D Up Model at Fallwood in the in the United Northeast neighborhood starting from $1,361. The second greatest value Fairgrounds apartment is the Iris Model at Everly at Meridian Hills starting at $1,379 with a $1.15 price per square foot in the Faith Knoll neighborhood. Here is today’s list of the best values for Fairgrounds apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Fallwood2 Bed/2Bath W/D Up2BR,2BA$1.13
Everly at Meridian HillsIris2BR,1BA$1.15
Edison at Meridian Hills2 Bedroom 1 Bath2BR,1BA$1.43
The Pines at SoBroTwo Bedrooms2BR,1BA$1.09
Harbour PointeThe Hideaway1BR,1BA$1.40
Willow BrookTwo Bedroom One Bath2BR,1BA$1.37
East Village at Avondale Meadows ApartmentsA21BR,1BA$1.32
Chateau in the Woods1 Bd/1 Ba Sm ABY1BR,1BA$1.47
Oxmoor Indy1BR/1.0BA1BR,1BA$1.00
Maple CourtStudioStudio ,1BA$1.32

Quick Rent Budget Calculator

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Frequently Asked Questions about Fairgrounds

What type of rentals are currently available in Fairgrounds?

There are currently 198 Apartments for Rent in Fairgrounds, IN with pricing that ranges from $699 to $4,180. There are also 63 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fairgrounds ranging from $694 to $4,250.

What is the current price range for Rental Homes in Fairgrounds?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Fairgrounds ranges from $694 to $4,250 with an average monthly rent of $1,936.

How much are larger Three and Four Bedroom Rentals in Fairgrounds?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Fairgrounds range from $1,000 to $4,180, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $3,000. Four Bedroom Single-Family rentals are also available starting from $1,250 and Four Bedroom Apartments start at $2,400.

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 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.

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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.