Broad Ripple Trails
5220 Luzzane Dr,
Indianapolis, IN 46220
$799 - $1,509
Studio - 3 Beds
Situated about six miles north of Downtown Indianapolis, the Fairgrounds neighborhood is a largely residential locale characterized by alluring bungalows and charming split-level homes along quiet residential streets, as well as stately brick apartment complexes lining Lemans Drive and Lemans Court.
The Indiana State Fairgrounds stands as the beating heart of the community, featuring 250 acres of historic buildings that host various concerts, expos, conferences, and sports games in addition to the highly anticipated Indiana State Fair. The neighborhood's somewhat secluded location away from major highways creates a peaceful environment that attracts a wide variety of renters looking for an affordable home in Indianapolis.
As of May 2026, the average apartment rent in Fairgrounds is $753 for a studio, $1,199 for one bedroom, $1,175 for two bedrooms, and $1,215 for three bedrooms. Apartment rent in Fairgrounds has increased by 1.2% in the past year.
Studio
428 sq ft
Average Sq Ft
$753/month
Average Rent
1 BR
656 sq ft
Average Sq Ft
$1,199/month
Average Rent
2 BR
916 sq ft
Average Sq Ft
$1,175/month
Average Rent
3 BR
1,156 sq ft
Average Sq Ft
$1,215/month
Average Rent
Explore how walkable, bikeable, drivable, and transit-friendly Fairgrounds - Indianapolis, IN is for everyday living.
Fairly Walkable
Walkability
Limited Public Transit
Transit
Moderately Drivable
Drivability
Fairly Bikeable
Bikeability
Fairgrounds - Indianapolis, IN offers all daily essentials, but they’re limited to a few main areas.
Supermarket Within a 30 Minute Walk
Groceries
Fair Restaurant Variety Nearby
Restaurants
Good Café Variety Nearby
Cafes
Fair Variety of Shops Nearby
Shopping
Recreation options in Fairgrounds - Indianapolis, IN are limited, so staying active may require more planning.
Large Amount of Park Space Nearby
Parks
Limited Wellness Amenity Variety Nearby
Wellness
Get a sense of what it’s like to live in Fairgrounds - Indianapolis, IN from everyday activity to noise and nightlife.
Mostly Calm Atmosphere
Vibrancy
Limited Nightlife Variety Nearby
Nightlife
Not Noisy
Quiet Score
3,502
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.