Cheap Apartments for Rent in the Fletcher Place Neighborhood of Indianapolis, IN from $500 (40 Rentals)

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

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

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550 Fletcher Ave
1 to 3 Bedroom Apartments

550 Fletcher Ave

550 Fletcher AveIndianapolis, IN 46203
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Mayleeno
1 Bedroom Apartments

Mayleeno

416 E Vermont PlIndianapolis, IN 46202
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1354 Shelby St
1 Bedroom Apartments

1354 Shelby St

1354 Shelby StIndianapolis, IN 46203

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Studio to 2 Bedroom Apartments

Grid

520 E Washington StIndianapolis, IN 46204
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Ohio Street TownHomes
1 to 3 Bedroom Apartments

Ohio Street TownHomes

1052 E Ohio StIndianapolis, IN 46202
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City's End
Studio to 2 Bedroom Apartments

City's End

1441 Prospect StIndianapolis, IN 46203
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Blacherne Apartments
Studio to 3 Bedroom Apartments

Blacherne Apartments

402 N Meridian 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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Pinnex
Studio to 3 Bedroom Apartments

Pinnex

931 Fletcher AveIndianapolis, IN 46203
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450 N Massachusetts Ave
1 Bedroom Apartments

450 N Massachusetts Ave

450 N Massachusetts AveIndianapolis, IN 46204
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The Pointe on Mass
1 to 2 Bedroom Apartments

The Pointe on Mass

551 Massachusetts AveIndianapolis, IN 46204
Student Housing

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-40, Page 1 of 1

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 $649. Madison Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. Here are the most affordable Fletcher Place apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Volrath**Free Month of Rent ** 128 E Palmer St - Studio1BR,1BA$649
Madison LoftsThe Flat 1x11BR,1BA$899
Devonshire Apartments in Downtown Indianapolis1BR/1.0BA1BR,1BA$990
Gathyr ApartmentsBellStudio,1BA$999
522 Fletcher Ave1BR/1.5BA1BR,1BA$1,025
Indy Colonial Apartments3111BR,1BA$1,025
Artistry IndyPop1BR,1BA$1,029
Line LoftsThe Inspiraton 50%2BR,1BA$1,062
Lockerbie FlatsStudioStudio,1BA$1,095
Lofts on MadisonStudioStudio,1BA$1,099

Best Value Apartments for Rent in Fletcher Place, IN

As of January 23, 2026 the best value apartment in the Fletcher Place area is the $0.97 price per square foot loft Model at Shoemaker Building in the in the Riley neighborhood starting from $1,750. The second greatest value Fletcher Place apartment is the The Evans Model at The E'Laan starting at $1,787 with a $1.49 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.
Shoemaker Buildingloft2BR,2BA$0.97
The E'LaanThe Evans2BR,2BA$1.49
The Block2 Bedroom 1 Bath2BR,1BA$1.55
929 English Ave, Unit A929 English Ave2BR,2BA$1.34
Wheeler LoftsH.21BR,1BA$1.44
Indy Colonial Apartments3111BR,1BA$1.05
Line LoftsThe Intuition 60%2BR,1BA$1.41
522 Fletcher Ave1BR/1.5BA1BR,1.5BA$1.40
Madison LoftsThe Flat 1x11BR,1BA$1.44
Volrath1BR/1.0BA1BR,1BA$1.46

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

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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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Quick Rent Budget Calculator

How much rent can you afford?

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 a cheap apartment in Fletcher Place?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Fletcher Place is under $1,099.

What is the price of a cheap apartment in Fletcher Place?

The cheapest apartment in Fletcher Place is Volrath which is listed at $649, while the average apartment in Fletcher Place costs $20,527.

What types of apartments are the cheapest in Fletcher Place?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 59 regular apartments in Fletcher Place that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Fletcher Place?

Cheap apartments in Fletcher Place have an average cost of $225 which is $20,302 cheaper than the average rent for all rentals in Fletcher Place.

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.

Helpful Local Expert Guides

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis

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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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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Written by: Wendy Melton

Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

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Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

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My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.

Articles, How-To's, and Tips

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.