Cheap Apartments for Rent in the Fletcher Place Neighborhood of Indianapolis, IN from $500 (63 Rentals)

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

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Volrath
Studio to 2 Bedroom Apartments

Volrath

118 Palmer StIndianapolis, IN 46225
Student Housing
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550 Fletcher Ave
1 to 3 Bedroom Apartments

550 Fletcher Ave

550 Fletcher AveIndianapolis, IN 46203

Fletcher Place - One of the Best Affordable Neighborhoods in Indianapolis

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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Mayleeno
1 Bedroom Apartments

Mayleeno

416 E Vermont PlIndianapolis, IN 46202
  • Utilities Included
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Gathyr Apartments
Studio to 2 Bedroom Apartments

Gathyr Apartments

1117 E Market StIndianapolis, IN 46202
Corporate Housing
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1354 Shelby St
1 Bedroom Apartments

1354 Shelby St

1354 Shelby StIndianapolis, IN 46203
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Grid
Studio to 2 Bedroom Apartments

Grid

520 E Washington StIndianapolis, IN 46204
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The Vue
Studio to 2 Bedroom Apartments

The Vue

718 E Georgia StIndianapolis, IN 46202
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Ohio Street TownHomes
1 to 3 Bedroom Apartments

Ohio Street TownHomes

1052 E Ohio StIndianapolis, IN 46202
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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Fletcher Place, Indianapolis, IN Local Guide

Cheapest Available Fletcher Place Apartments for Rent

 

The cheapest available apartment rental in the Fletcher Place area of Indianapolis, IN is a 1 Bed unit found at Volrath priced from $825. The Davlan has the second lowest priced unit, which is a 2 Beds apartment currently listed from $846. Here are the most affordable Fletcher Place apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Volrath1BR/1.0BA1BR,1BA$825
The Davlan2-12BR,1BA$846
Madison Lofts1 Bedroom 1 Bathroom1BR,1BA$899
Line LoftsThe Inspiraton 50%2BR,1BA$1,014
522 Fletcher Ave*ONE FREE MONTH OF RENT* 522 Fletcher Ave - 1 ...1BR,1BA$1,025
Lofts on MadisonStudio, 1 bathStudio,1BA$1,050
Canal Overlook ApartmentsMeridian1BR,1BA$1,165
The VueSTUDIO APARTMENTStudio,1BA$1,173
City's EndBarcelona 0.1Studio,1BA$1,212
Penn Street Tower ApartmentsWabash: Floors 02-071BR,1BA$1,249

Best Value Apartments for Rent in Fletcher Place, IN

As of July 24, 2026 the best value apartment in the Fletcher Place area is the $1.36 price per square foot 3 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $2,399. The second greatest value Fletcher Place apartment is the Athens Model at Maxwell Apartments starting at $1,660 with a $1.37 price per square foot in the Riley neighborhood. Here is today’s list of the best values for Fletcher Place apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Block3 Bedroom 2 Bath3BR,2BA$1.36
Maxwell ApartmentsAthens2BR,2BA$1.37
402 E New York St2 Beds, 2.5 Baths2BR,2.5BA$1.55
The VueTWO BEDROOM APARTMENT2BR,2BA$1.67
Line LoftsThe Intuition 60%2BR,1BA$1.36
The Davlan2-12BR,1BA$0.95
522 Fletcher Ave*ONE FREE MONTH OF RENT* 522 Fletcher Ave - 1 ...1BR,1BA$1.40
Penn Street Tower ApartmentsSt. Clair: Floors 13-151BR,1BA$1.79
Madison Lofts1 Bedroom 1 Bathroom1BR,1BA$1.44
Volrath1BR/1.0BA1BR,1BA$1.38

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Lifestyle Ratings

ApartmentHomeLiving.com is happy to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities and towns, and rental properties across Indiana and customized analysis for Central Indianapolis, IN. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for the best outdoor access, luxury amenities, kid and pet-friendly communities, availability of transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Fletcher Place Apartments

What is the Cheapest Studio apartment in Fletcher Place?

Currently the most affordable Cheap Studio Apartment in Fletcher Place is at Lofts on Madison listed at $1,050.

How much is rent for a Cheap One Bedroom Fletcher Place Apartment?

The lowest price for a Cheap One Bedroom Fletcher Place Apartment is $775 at Volrath.

What is the lowest price for a Cheap Two Bedroom Fletcher Place Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Fletcher Place is starting from $846 at The Davlan.

What is the most affordable Fletcher Place Three Bedroom Apartment?

The best deal on a cheap Fletcher Place Three Bedroom Apartment rental is at Artistry Indy and starts from $2,038.

Expert Rental Resources

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.

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