
Cheap Apartments for Rent in the Park Fletcher Neighborhood of Indianapolis, IN from $400 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in the Park Fletcher area of Indianapolis.


Covington Square

Alpine Studios

Ashgrove Apartments

Suncrest

Abbey Apartments - Affordable Senior Housing

Addison Creek
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.

Aspen Pointe Apartments

Valley Brook MHC

Central State Mansion

Cloverleaf Apartments & Townhomes

Remington on Rockville

Deerfield Acres

The Steeples on Washington
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.
Park Fletcher, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Park Fletcher?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Park Fletcher Studio Apartments | $1,368 | $750 | $1,680 |
| Park Fletcher 1 Bedroom Apartments | $1,066 | $778 | $1,249 |
| Park Fletcher 2 Bedroom Apartments | $1,236 | $945 | $1,478 |
| Park Fletcher 3 Bedroom Apartments | $1,616 | $1,312 | $2,000 |
Browse Apartments in this Neighborhood
There are currently 14 rentals with your search options within a 2 mile radius of the Park Fletcher Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
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. The Oasis has the second lowest priced unit, which is a 1 Bed apartment currently listed from $994. Here are the most affordable Park Fletcher apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Abbey Apartments - Affordable Senior Housing | One Bedroom | 1BR,1BA | $778 |
| The Oasis | The Jasper | 1BR,1BA | $994 |
| Ashton Pointe | One Bedroom Apartment | 1BR,1BA | $996 |
| Covington Square | One Bedroom One Bath | 1BR,1BA | $1,029 |
| Mann Village Apartments | 1 Bedroom Apartment | 1BR,1BA | $1,049 |
Best Value Apartments for Rent in Park Fletcher, IN
As of January 26, 2026 the best value apartment in the Park Fletcher area is the $1.57 price per square foot The Sapphire Model at The Oasis in the in the Airport District neighborhood starting from $1,609. The second greatest value Park Fletcher apartment is the Arbor Model at Aspen Pointe Apartments starting at $1,200 with a $1.47 price per square foot in the Airport District neighborhood. Here is today’s list of the best values for Park Fletcher apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Oasis | The Sapphire | 3BR,2BA | $1.57 |
| Aspen Pointe Apartments | Arbor | 2BR,1BA | $1.47 |
| Suncrest | Starburst | 1BR,1BA | $1.56 |
| Alpine Studios | Cervinia | 1BR,1BA | $1.70 |
| Covington Square | One Bedroom One Bath | 1BR,1BA | $1.42 |
| Ashton Pointe | One Bedroom Apartment | 1BR,1BA | $1.42 |
| Mann Village Apartments | 1 Bedroom Apartment | 1BR,1BA | $1.72 |
| Abbey Apartments - Affordable Senior Housing | One Bedroom | 1BR,1BA | $1.45 |
Frequently Asked Questions about Cheap Park Fletcher Apartments
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 $1,650.
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 24 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.
Helpful Local Expert Guides

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.

Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
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.
Articles, How-To's, and Tips

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.

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.