
Cheap Homes for Rent in Fletcher Place Neighborhood of Indianapolis, IN from $600 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Fletcher Place area of Indianapolis.


340 Prospect St

336 Prospect St
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.

3 E Washington St

406 N Delaware St

2 E Washington St

1429 E New York St

1823 Hoyt Ave

1048 High St

501 Madison Ave

1645 Asbury St
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.
Fletcher Place, Indianapolis, IN Local Guide

How much does it cost to rent a home in Fletcher Place?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Fletcher Place 2 Bedroom Homes for Rent | $1,732 | $899 | $3,850 |
Fletcher Place 3 Bedroom Homes for Rent | $2,070 | $1,245 | $3,200 |
Fletcher Place 4 Bedroom Homes for Rent | $3,104 | $2,550 | $4,000 |
Fletcher Place 5 Bedroom Homes for Rent | $2,695 | $2,695 | $2,695 |
Browse Homes for Rent in this Neighborhood
There are currently 12 rentals with your search options within a 1 mile radius of the Fletcher Place Neighborhood of Indianapolis, IN.
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Fletcher Place, Indianapolis, IN Local Guide
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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 Madison Lofts priced from $830. Lofts on Madison has the second lowest priced unit, which is a Studio apartment currently listed from $999. Here are the most affordable Fletcher Place apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Madison Lofts | 1x1 583sf | 1BR,1BA | $830 |
Lofts on Madison | Studio | Studio,1BA | $999 |
Indy Colonial Apartments | 1 Bed, 1 bath | 1BR,1BA | $1,000 |
The Continental Towers at Vermont Place | Continental - Willard | 1BR,1BA | $1,145 |
The Assembly | Hydraulic - Workforce | 1BR,1BA | $1,175 |
Best Value Apartments for Rent in Fletcher Place, IN
As of July 24, 2025 the best value apartment in the Fletcher Place area is the $1.08 price per square foot loft Model at Shoemaker Building in the in the Riley neighborhood starting from $1,950. The second greatest value Fletcher Place apartment is the C5 Model at Pinnex starting at $2,599 with a $1.73 price per square foot in the Wholesale District neighborhood. Here is today’s list of the best values for Fletcher Place apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Shoemaker Building | loft | 2BR,2BA | $1.08 |
Pinnex | C5 | 3BR,2.5BA | $1.73 |
The Block | 1 Bedroom 1 Bath | 1BR,1BA | $1.10 |
Wheeler Lofts | R | 1BR,1BA | $1.37 |
Penn Street Tower Apartments | Senate 2 Bedroom 1 Bath Apartment at 115 Penn A... | 2BR,1BA | $1.37 |
Lockerbie Flats | 1 Bedroom | 1BR,1BA | $1.61 |
Madison Lofts | 2x1 791sf | 2BR,1BA | $1.45 |
The Vue | ONE BEDROOM APARTMENT | 1BR,1BA | $1.70 |
Lofts on Madison | One Bedroom | 1BR,1BA | $1.86 |
Indy Colonial Apartments | One Bedroom | 1BR,1BA | $1.91 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Fletcher Place
What type of rentals are currently available in Fletcher Place?
There are currently 114 Apartments for Rent in Fletcher Place, IN with pricing that ranges from $830 to $10,090. There are also 83 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fletcher Place ranging from $620 to $4,000.
What is the current price range for Rental Homes in Fletcher Place?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Fletcher Place ranges from $620 to $4,000 with an average monthly rent of $2,022.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.