Cheap Apartments for Rent in the Fountain Square Neighborhood of Indianapolis, IN from $800 (48 Rentals)

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

Fountain Square

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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550 Fletcher Ave
2 Bedroom Apartments

550 Fletcher Ave

550 Fletcher AveIndianapolis, IN 46203
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The Vue
Studio to 2 Bedroom Apartments

The Vue

718 E Georgia StIndianapolis, IN 46202
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Fletcher Place Lofts
1 Bedroom Apartments

Fletcher Place Lofts

410 S College AveIndianapolis, IN 46203
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Showing Results 1-48, 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 Studio unit found at Five Twenty Virginia priced from $1,065. The Assembly has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,175. Here are the most affordable Fountain Square apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Five Twenty VirginiaDStudio,1BA$1,065
The AssemblyCylinder - Workforce1BR,1BA$1,175
Emhardt Apartments1BR/1.0BA1BR,1BA$1,195
9 on CanalStockholm1BR,1BA$1,195
Gathyr ApartmentsBatesStudio,1BA$1,199
Lofts on MadisonStudioStudio,1BA$1,199
Rise on MeridianThe AmeliaStudio,1BA$1,205
The VueSTUDIO APARTMENTStudio,1BA$1,210
Edge 35S2Studio,1BA$1,215
Mozzo apartments7180A3 - Palma 1x1 - 642 Sqft1BR,1BA$1,294

Best Value Apartments for Rent in Fountain Square, IN

As of April 09, 2025 the best value apartment in the Fountain Square area is the $1.24 price per square foot 3 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $2,199. The second greatest value Fountain Square apartment is the 405 Sanders St Model at 405 Sanders St, Unit A starting at $1,350 with a $1.35 price per square foot in the Concord 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 Block3 Bedroom 2 Bath3BR,2BA$1.24
405 Sanders St, Unit A405 Sanders St2BR,1BA$1.35
The VueONE BEDROOM APARTMENT1BR,1BA$1.89
The LeoThe Williams1BR,1BA$2.19
PinnexA11BR,1BA$2.07
Mozzo apartmentsLive in The Heart of Fountain-Fletcher Arts Dis...1BR,1BA$2.22
The AssemblySprocket1BR,1BA$2.24
Union SquareThe Hughes1BR,1BA$2.22
Forte ApartmentsA3- StudioStudio ,1BA$2.26
Emhardt Apartments1BR/1.0BA1BR,1BA$2.04

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Fountain Square, Indianapolis, IN

Ranked #57

Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Getting Around the Fountain Square Neighborhood in Indianapolis, IN

Walk Score®

84 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

95 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

41 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Fountain Square Apartments

What is the Cheapest Studio apartment in Fountain Square?

Currently the most affordable Cheap Studio Apartment in Fountain Square is at Five Twenty Virginia listed at $1,065.

How much is rent for a Cheap One Bedroom Fountain Square Apartment?

The lowest price for a Cheap One Bedroom Fountain Square Apartment is $1,175 at The Assembly.

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

Today's best deal for a Cheap Two Bedroom Apartment in Fountain Square is starting from $1,565 at 9 on Canal.

What is the most affordable Fountain Square Three Bedroom Apartment?

The best deal on a cheap Fountain Square Three Bedroom Apartment rental is at Pinnex and starts from $1,999.

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.

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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.

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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.