Drawing on qualitative interviews with indie music fans in Manchester, UK, we explore how experiences in the indie music field inform spatial and place-specific understandings of musical taste. Inspired by Bourdieu’s sociology of taste, the concept of place-dependent capital incorporates the interplay of the experiential dimensions of taste, and the overall structures in which they are embedded. We develop our findings into three themes, which allow us to highlight the diversity of ways in which our participants create place-dependent capital: exploring the taste of place; dwelling in place; and creating a sense of place. We propose the usefulness of place-dependent capital as an alternative theoretical tool, which acknowledges both structural and experiential dimensions of musical taste, allowing us to demonstrate the situatedness of indie music fans’ tastes.