Cheap Apartments for Rent in the Fletcher Place Neighborhood of Indianapolis, IN from $556 (102 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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1701 Fletcher Ave
$999 - $1,499

Total Monthly Price

Base Rent$999 - $1,499
Total Monthly Price$999 - $1,499
1 to 3 Bedroom Apartment Available Now

1701 Fletcher Ave

1701 Fletcher AveIndianapolis, IN 46203
Affordability

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property at 235 S Delaware St
$1,392 - $7,206

Total Monthly Price

Base Rent$1,392
Total Monthly Price$1,392
2 To 8 Bedroom Rentals
Available Dec 13
Furnished

235 S Delaware St

IndianapolisIN46204
property at 1337 Barth Ave
$1,500

Total Monthly Price

Base Rent$1,500
Total Monthly Price$1,500
3 Bedroom, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

1337 Barth Ave

IndianapolisIN46203

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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 $599. 1515-1517 E Michigan Street has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Fletcher Place apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Volrath1BR/1.0BA1BR,1BA$599
1515-1517 E Michigan Street1BR/1.0BA1BR,1BA$750
Madison Lofts1 Bedroom 1-ART Bathroom1BR,1BA$830
The Davlan2-12BR,1BA$846
Devonshire Apartments1BR/1.0BA1BR,1BA$890
Artistry IndyEdie (EcoSuite)Studio,1BA$956
522 Fletcher Ave*ONE FREE MONTH OF RENT* 522 Fletcher Ave - 1 ...1BR,1BA$999
The VueSTUDIO APARTMENTStudio,1BA$1,011
Penn Street Tower ApartmentsSt. Clair: Floors 08-091BR,1BA$1,049

Best Value Apartments for Rent in Fletcher Place, IN

As of September 07, 2026 the best value apartment in the Fletcher Place area is the $1.37 price per square foot 3 Bedroom 2.5 Bath Model at The Block in the in the Riley neighborhood starting from $2,399. The second greatest value Fletcher Place apartment is the Star Townhome Model at Pulliam Square starting at $2,664 with a $1.52 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 2.5 Bath3BR,2.5BA$1.37
Pulliam SquareStar Townhome2BR,2BA$1.52
1158 Laurel St, Unit 1st Floor Apartment1158 Laurel St2BR,1BA$1.00
The Davlan2-12BR,1BA$0.95
The E'LaanThe Vonnegut1BR,1BA$1.62
The VueONE BEDROOM APARTMENT1BR,1BA$1.50
522 Fletcher Ave*ONE FREE MONTH OF RENT* 522 Fletcher Ave - 1 ...1BR,1BA$1.37
1515-1517 E Michigan Street1BR/1.0BA1BR,1BA$1.07
Madison Lofts1 Bedroom 1 Bathroom1BR,1BA$1.44
Volrath1BR/1.0BA1BR,1BA$1.00

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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 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 $1,049.

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

The cheapest apartment in Fletcher Place is Volrath which is listed at $599, while the average apartment in Fletcher Place costs $1,610.

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 30 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 $243 which is $1,367 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.

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