Cheap Homes for Rent in Fletcher Place Neighborhood of Indianapolis, IN from $500 (12 Rentals)

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

property at 117 E Palmer St

117 E Palmer St

IndianapolisIN46225

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.

property at 340 Prospect St

340 Prospect St

IndianapolisIN46225

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.

property at 501 Madison Ave

501 Madison Ave

IndianapolisIN46225

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 The Continental Towers at Vermont Place priced from $899. Devonshire Apartments in Downtown Indianapolis has the second lowest priced unit, which is a 1 Bed apartment currently listed from $990. Here are the most affordable Fletcher Place apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Continental Towers at Vermont PlaceContinental - Willard1BR,1BA$899
Devonshire Apartments in Downtown Indianapolis1BR/1.0BA1BR,1BA$990
Lofts on MadisonStudioStudio,1BA$999
Indy Colonial Apartments1 Bed, 1 bath1BR,1BA$1,000
Maxwell ApartmentsMilanStudio,1BA$1,016

Best Value Apartments for Rent in Fletcher Place, IN

As of September 09, 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 M Model at Wheeler Lofts starting at $1,871 with a $1.26 price per square foot in the Concord 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$1.08
Wheeler LoftsM2BR,1BA$1.26
PinnexC13BR,2BA$1.71
The Block2 Bedroom 1 Bath2BR,1BA$1.55
1641 E Michigan St, Unit B1641 E Michigan St2BR,1BA$1.45
Penn Street Tower ApartmentsWabash: Floors 02-071BR,1BA$1.67
Lockerbie FlatsStudioStudio ,1BA$1.62
Madison LoftsThe Flat 1x11BR,1BA$1.44
Lofts on MadisonStudioStudio ,1BA$1.67
Maxwell ApartmentsMilanStudio ,1BA$1.76

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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Pet Friendly Lifestyle
Fletcher Place, Indianapolis, IN

Ranked #21

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Fletcher Place

What type of rentals are currently available in Fletcher Place?

There are currently 122 Apartments for Rent in Fletcher Place, IN with pricing that ranges from $830 to $8,717. There are also 104 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fletcher Place ranging from $599 to $6,000.

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 $599 to $6,000 with an average monthly rent of $2,553.

How much are larger Three and Four Bedroom Rentals in Fletcher Place?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Fletcher Place range from $1,450 to $5,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,145 to $3,995. Four Bedroom Single-Family rentals are also available starting from $1,545 and Four Bedroom Apartments start at $8,717.

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.

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 The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.