Cheap Homes for Rent in Fountain Square Neighborhood of Indianapolis, IN from $700 (17 Rentals)

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Search the lowest-cost Homes 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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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
The VueSTUDIO APARTMENTStudio,1BA$1,180
9 on CanalStockholm1BR,1BA$1,195
Emhardt Apartments1BR/1.0BA1BR,1BA$1,195

Best Value Apartments for Rent in Fountain Square, IN

As of April 08, 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 $1,400 with a $1.40 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$1.40
The VueONE BEDROOM APARTMENT1BR,1BA$1.85
The LeoThe Williams1BR,1BA$2.19
PinnexA11BR,1BA$2.07
The AssemblySprocket1BR,1BA$2.24
Mozzo apartmentsLive in The Heart of Fountain-Fletcher Arts Dis...1BR,1BA$2.22
Union SquareThe Hughes1BR,1BA$2.22
Forte ApartmentsA3- StudioStudio ,1BA$2.26
Emhardt Apartments1BR/1.0BA1BR,1BA$2.04

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Frequently Asked Questions about Fountain Square

What type of rentals are currently available in Fountain Square?

There are currently 75 Apartments for Rent in Fountain Square, IN with pricing that ranges from $830 to $15,070. There are also 61 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fountain Square ranging from $775 to $4,000.

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 $775 to $4,000 with an average monthly rent of $1,855.

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.