Cheap Apartments for Rent in the Fletcher Place Neighborhood of Indianapolis, IN from $500 (42 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 932 E Market St

932 E Market St

IndianapolisIN46202

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.

Read Article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Read Article

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.

Read Article

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.

Read Article
close
View Me
550 Fletcher Ave
1 to 3 Bedroom Apartments

550 Fletcher Ave

550 Fletcher AveIndianapolis, IN 46203
close
View Me
Mayleeno
1 Bedroom Apartments

Mayleeno

416 E Vermont PlIndianapolis, IN 46202
  • Utilities Included
close
View Me
1354 Shelby St
1 Bedroom Apartments

1354 Shelby St

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

Grid

520 E Washington StIndianapolis, IN 46204
close
View Me
City's End
Studio to 2 Bedroom Apartments

City's End

1441 Prospect StIndianapolis, IN 46203
close
View Me
The Vue
Studio to 2 Bedroom Apartments

The Vue

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

Ohio Street TownHomes

1052 E Ohio StIndianapolis, IN 46202
  • Utilities Included
close
View Me
Blacherne Apartments
Studio to 3 Bedroom Apartments

Blacherne Apartments

402 N Meridian StIndianapolis, IN 46204
  • Utilities Included

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.

Read Article
close
View Me
Pinnex
Studio to 3 Bedroom Apartments

Pinnex

931 Fletcher AveIndianapolis, IN 46203
close
View Me
The Pointe on Mass
1 to 2 Bedroom Apartments

The Pointe on Mass

551 Massachusetts AveIndianapolis, IN 46204
Student Housing
Showing Results 1-42, 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 2 Beds unit found at Line Lofts priced from $563. Volrath has the second lowest priced unit, which is a 1 Bed apartment currently listed from $649. Here are the most affordable Fletcher Place apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Line LoftsThe Inspiration 30%2BR,1BA$563
Volrath**Free Month of Rent ** 128 E Palmer St - Studio1BR,1BA$649
Gathyr ApartmentsBellStudio,1BA$999
Madison LoftsThe Flat 1x11BR,1BA$999
Mozzo apartments7180A2 - Muzio Studio - 596 sqftStudio,1BA$999
Indy Colonial Apartments3111BR,1BA$1,025
522 Fletcher Ave1BR/1.5BA1BR,1BA$1,025
Lockerbie FlatsStudioStudio,1BA$1,095
Lofts on MadisonStudioStudio,1BA$1,099
Artistry IndyEdie (EcoSuite)Studio,1BA$1,125

Best Value Apartments for Rent in Fletcher Place, IN

As of December 08, 2025 the best value apartment in the Fletcher Place area is the $1.06 price per square foot 2 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $1,899. The second greatest value Fletcher Place apartment is the The Riley Model at The E'Laan starting at $1,775 with a $1.48 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 Block2 Bedroom 2 Bath2BR,2BA$1.06
The E'LaanThe Riley2BR,2BA$1.48
Maxwell ApartmentsLondon2BR,2BA$1.35
929 English Ave, Unit A929 English Ave2BR,2BA$1.36
Shoemaker Buildingflat2BR,2BA$1.45
Indy Colonial Apartments3111BR,1BA$1.05
Line LoftsThe Intuition 60%2BR,1BA$1.53
The VueONE BEDROOM APARTMENT1BR,1BA$1.59
522 Fletcher Ave1BR/1.5BA1BR,1.5BA$1.40
Volrath0BR/1.0BAStudio ,1BA$1.29

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Fletcher Place, Indianapolis, IN

Ranked #15

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

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!

Getting Around the Fletcher Place Neighborhood in Indianapolis, IN

Walk Score®

87 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

95 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

59 / 100

Good Transit

Many nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $1,125.

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 $13,727.

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 37 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 $204 which is $13,523 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.

Articles, How-To's, and Tips

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

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!