
Cheap Homes for Rent in the Fletcher Place Neighborhood of Indianapolis, IN from $600 (26 Rentals)
Search the lowest-cost Homes available for rent right now in the Fletcher Place area of Indianapolis.


340 Prospect St

432 Sanders St, Unit A

471 N State Ave

906 Laurel St

1629 Spruce St
Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
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432 Sanders St, Unit A

341 S Randolph St

1010 Bates St

1307 Wright St

12 N Randolph St

1438 S Meridian St
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

1307 S Senate Ave, Unit 1309

1309 S Senate Ave

903 Palmer St

1603 Woodlawn Ave

1541 E Ohio St

1439 S East St
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1439 S East St

1555 Barth Ave

1008 Palmer St

Total Monthly Price
235 S Delaware St, Unit SI ID1364142P

434 E New York St

1337 Barth Ave
Fletcher Place - One of the Best Affordable Neighborhoods in Indianapolis
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

1536 Dawson St

1337 Barth Ave
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 | $1,677 | $1,025 | $2,300 |
| Fletcher Place 3 Bedroom Homes for Rent | $2,049 | $1,300 | $4,350 |
| Fletcher Place 4 Bedroom Homes for Rent | $2,897 | $2,135 | $4,750 |
Browse Homes for Rent in this Neighborhood
There are currently 26 rentals with your search options within a 1 mile radius of the Fletcher Place Neighborhood of Indianapolis, IN.
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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 2 Beds unit found at Volrath priced from $775. Madison Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $830. Here are the most affordable Fletcher Place apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Volrath | 2BR/1.0BA | 2BR,1BA | $775 |
| Madison Lofts | 1 Bedroom 1-ART Bathroom | 1BR,1BA | $830 |
| Hoosier Retail Flats | 2-1 | 2BR,1BA | $846 |
| Line Lofts | The Inspiraton 50% | 2BR,1BA | $1,014 |
| 522 Fletcher Ave | *ONE FREE MONTH OF RENT* 522 Fletcher Ave - 1 ... | 1BR,1BA | $1,025 |
| Lofts on Madison | Studio, 1 bath | Studio,1BA | $1,050 |
| The Vue | STUDIO APARTMENT | Studio,1BA | $1,111 |
| Edge 35 | S1 | Studio,1BA | $1,130 |
| Canal Square | A3 Capitol Upgrade | 1BR,1BA | $1,204 |
Best Value Apartments for Rent in Fletcher Place, IN
As of August 08, 2026 the best value apartment in the Fletcher Place area is the $1.36 price per square foot 3 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $2,399. The second greatest value Fletcher Place apartment is the 2 Beds, 2.5 Baths Model at 402 E New York St starting at $1,849 with a $1.55 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Block | 3 Bedroom 2 Bath | 3BR,2BA | $1.36 |
| 402 E New York St | 2 Beds, 2.5 Baths | 2BR,2.5BA | $1.55 |
| Fletcher Place Terrace Building 2 | 2BR/1.5BA | 2BR,1.5BA | $1.82 |
| Line Lofts | The Intuition 60% | 2BR,1BA | $1.36 |
| Hoosier Retail Flats | 2-1 | 2BR,1BA | $0.95 |
| The Vue | ONE BEDROOM APARTMENT | 1BR,1BA | $1.69 |
| 522 Fletcher Ave | *ONE FREE MONTH OF RENT* 522 Fletcher Ave - 1 ... | 1BR,1BA | $1.40 |
| 1701 Fletcher Ave | 1701 Fletcher Ave | 1BR,1BA | $1.71 |
| Madison Lofts | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.44 |
| Volrath | 1BR/1.0BA | 1BR,1BA | $1.29 |
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 $556 to $14,232. There are also 94 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fletcher Place ranging from $650 to $4,750.
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 $650 to $4,750 with an average monthly rent of $1,857.
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 $1,200 to $8,492, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $4,350. Four Bedroom Single-Family rentals are also available starting from $2,135 and Four Bedroom Apartments start at $3,868.
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

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

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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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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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.