Cheap Apartments for Rent in the Park Fletcher Neighborhood of Indianapolis, IN from $400 (14 Rentals)

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

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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.

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Addison Creek
1 to 4 Bedroom Apartments

Addison Creek

58 Port Ocall DrIndianapolis, IN 46224
  • Utilities Included
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Valley Brook MHC
3 to 4 Bedroom Apartments

Valley Brook MHC

4620 S High School RdIndianapolis, IN 46241
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Central State Mansion
1 to 3 Bedroom Apartments

Central State Mansion

202 Steeples BlvdIndianapolis, IN 46222
Student Housing
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Remington on Rockville
1 to 3 Bedroom Apartments

Remington on Rockville

7455 Rockleigh AveIndianapolis, IN 46214
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Deerfield Acres
3 Bedroom Apartments

Deerfield Acres

4000 Foltz StIndianapolis, IN 46221

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Park Fletcher, Indianapolis, IN Local Guide

Cheapest Available Park Fletcher Apartments for Rent

 

The cheapest available apartment rental in the Park Fletcher area of Indianapolis, IN is a 1 Bed unit found at Abbey Apartments - Affordable Senior Housing priced from $778. Suncrest has the second lowest priced unit, which is a 1 Bed apartment currently listed from $949. Here are the most affordable Park Fletcher apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Abbey Apartments - Affordable Senior HousingOne Bedroom1BR,1BA$778
SuncrestMirage1BR,1BA$949
Ashton PointeOne Bedroom Apartment1BR,1BA$955
The OasisThe Quartz1BR,1BA$974
Mann Village Apartments1 Bedroom Apartment1BR,1BA$1,049

Best Value Apartments for Rent in Park Fletcher, IN

As of December 12, 2025 the best value apartment in the Park Fletcher area is the $1.41 price per square foot Three Bedroom Townhome Model at Ashton Pointe in the in the Speedway Wellhead neighborhood starting from $1,567. The second greatest value Park Fletcher apartment is the Two Bedroom One Bath Model at Covington Square starting at $1,169 with a $1.42 price per square foot in the Speedway Wellhead neighborhood. Here is today’s list of the best values for Park Fletcher apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Ashton PointeThree Bedroom Townhome3BR,1.5BA$1.41
Covington SquareTwo Bedroom One Bath2BR,1BA$1.42
SuncrestStarburst1BR,1BA$1.52
Aspen Pointe ApartmentsSpring1BR,1BA$1.50
The OasisThe Quartz1BR,1BA$1.45
Mann Village Apartments1 Bedroom Apartment1BR,1BA$1.72
Abbey Apartments - Affordable Senior HousingOne Bedroom1BR,1BA$1.45
Alpine StudiosOsloStudio ,1BA$2.06

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com

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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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Pet Friendly Lifestyle
Park Fletcher, Indianapolis, IN

Ranked #205

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Park Fletcher Neighborhood in Indianapolis, IN

Walk Score®

22 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

32 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

13 / 100

Minimal Transit

It may be possible to get on a bus

Frequently Asked Questions about Cheap Park Fletcher Apartments

What is a cheap apartment in Park Fletcher?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Park Fletcher is under $1,169.

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

The cheapest apartment in Park Fletcher is Abbey Apartments - Affordable Senior Housing which is listed at $778, while the average apartment in Park Fletcher costs $1,567.

What types of apartments are the cheapest in Park Fletcher?

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 21 regular apartments in Park Fletcher that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

Articles, How-To's, and Tips

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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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!