Cheap Apartments for Rent in the Fletcher Place Neighborhood of Indianapolis, IN from $500 (73 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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property at 1338 Barth Ave

$1,250 - $1,600

1 To 2 Bedroom Rentals

Available Now

1338 Barth Ave

IndianapolisIN46203
property at 1337 Barth Ave

$1,291

Total Monthly Price

Total Monthly Price

Base Rent
$1,291
Total Monthly Price
$1,291

3 Bedroom, 1 Bath Home for Rent

Available Now

1337 Barth Ave

IndianapolisIN46203

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property at 336 Prospect St

$745 - $845

1 Bedroom Rentals

Available Now

336 Prospect St

IndianapolisIN46225
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550 Fletcher Ave
1 to 3 Bedroom Apartments

550 Fletcher Ave

550 Fletcher AveIndianapolis, IN 46203
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Madison Lofts
1 to 2 Bedroom Apartments

Madison Lofts

1430 Madison AveIndianapolis, IN 46225
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Mayleeno
1 Bedroom Apartments

Mayleeno

416 E Vermont PlIndianapolis, IN 46202
  • Utilities Included

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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 $649. 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
Volrath**Free Month of Rent ** 128 E Palmer St - Studio1BR,1BA$649
The Davlan2-12BR,1BA$846
Devonshire Apartments in Downtown Indianapolis1BR/1.0BA1BR,1BA$890
Madison LoftsThe Flat 1x11BR,1BA$899
Indy Downtown Colonial Apartments1 Bedroom 1 Bath - 398871BR,1BA$980
Artistry IndyEdie (EcoSuite)Studio,1BA$1,022
522 Fletcher Ave1BR/1.5BA1BR,1BA$1,025
The AssemblyCylinder- Workforce1BR,1BA$1,049
Line LoftsThe Inspiraton 50%2BR,1BA$1,062
Maxwell ApartmentsAmsterdam1BR,1BA$1,089

Best Value Apartments for Rent in Fletcher Place, IN

As of March 10, 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 3 Bedroom 2 Bath Model at The Block starting at $2,629 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 Block3 Bedroom 2 Bath3BR,2BA$1.49
Line LoftsThe Intuition 60%2BR,1BA$1.41
The Davlan2-12BR,1BA$0.95
The E'LaanThe Vonnegut1BR,1BA$1.53
Maxwell ApartmentsAmsterdam1BR,1BA$1.41
522 Fletcher Ave1BR/1.5BA1BR,1.5BA$1.40
Lofts on MadisonStudioStudio ,1BA$1.63
Madison LoftsThe Flat 1x11BR,1BA$1.44
Volrath0BR/1.0BAStudio ,1BA$1.29

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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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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 $1,089.

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 $6,254.

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 69 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 $299 which is $5,955 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

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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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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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.

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