Cheap Homes for Rent in Fletcher Place Neighborhood of Indianapolis, IN from $600 (8 Rentals)

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

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

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

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. Indy Colonial Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here are the most affordable Fletcher Place apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Madison Lofts1x1 583sf1BR,1BA$830
Indy Colonial Apartments1 Bed, 1 bath1BR,1BA$1,000
Lofts on MadisonStudioStudio,1BA$1,049

Best Value Apartments for Rent in Fletcher Place, IN

As of June 23, 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 1 Bedroom 1 Bath Model at The Block starting at $1,549 with a $1.06 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.
Shoemaker Buildingloft2BR,2BA$1.08
The Block1 Bedroom 1 Bath1BR,1BA$1.06
1641 E Michigan St, Unit C1641 E Michigan St2BR,1BA$1.31
The VueTWO BEDROOM APARTMENT2BR,2BA$1.72
Five Twenty VirginiaK2BR,1BA$1.85
Line LoftsThe Inspiration 60%2BR,1BA$1.53
Lockerbie Flats1 Bedroom1BR,1BA$1.61
Pulliam SquareDaily VIII1BR,1BA$1.87
Madison Lofts1x1 657sf1BR,1BA$1.90
Indy Colonial ApartmentsOne Bedroom1BR,1BA$1.91

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Frequently Asked Questions about Fletcher Place

What type of rentals are currently available in Fletcher Place?

There are currently 116 Apartments for Rent in Fletcher Place, IN with pricing that ranges from $830 to $10,740. There are also 64 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fletcher Place ranging from $695 to $3,850.

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 $695 to $3,850 with an average monthly rent of $1,684.

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.

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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.

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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.

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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.

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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.