
Cheap Apartments for Rent in the Park Fletcher Neighborhood of Indianapolis, IN from $400 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in the Park Fletcher area of Indianapolis.


Abbey Apartments - Affordable Senior Housing
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.
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 | $1,124 | $750 | $1,704 |
| Park Fletcher 1 Bedroom Apartments | $1,060 | $778 | $1,249 |
| Park Fletcher 2 Bedroom Apartments | $1,225 | $945 | $1,478 |
| Park Fletcher 3 Bedroom Apartments | $1,569 | $1,539 | $1,631 |
Browse Apartments in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the Park Fletcher Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Park Fletcher, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Park Fletcher Apartments for Rent
 The cheapest available apartment rental in the Park Fletcher area of Indianapolis, IN is a Studio unit found at Ashgrove Apartments priced from $750. Abbey Apartments - Affordable Senior Housing has the second lowest priced unit, which is a 1 Bed apartment currently listed from $778. Here are the most affordable Park Fletcher apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ashgrove Apartments | Studio | Studio,1BA | $750 |
| Abbey Apartments - Affordable Senior Housing | One Bedroom | 1BR,1BA | $778 |
| Ashton Pointe | One Bedroom Apartment | 1BR,1BA | $931 |
Best Value Apartments for Rent in Park Fletcher, IN
As of October 27, 2025 the best value apartment in the Park Fletcher area is the $1.38 price per square foot Three Bedroom Townhome Model at Ashton Pointe in the in the Speedway Wellhead neighborhood starting from $1,539. The second greatest value Park Fletcher apartment is the Arbor W/D Model at Aspen Pointe Apartments starting at $1,250 with a $1.54 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. |
|---|---|---|---|
| Ashton Pointe | Three Bedroom Townhome | 3BR,1.5BA | $1.38 |
| Aspen Pointe Apartments | Arbor W/D | 2BR,1BA | $1.54 |
| Suncrest | Starburst | 1BR,1BA | $1.52 |
| Covington Square | One Bedroom One Bath | 1BR,1BA | $1.42 |
| The Oasis | The Quartz | 1BR,1BA | $1.45 |
| Mann Village Apartments | 1 Bedroom Apartment | 1BR,1BA | $1.72 |
| Abbey Apartments - Affordable Senior Housing | One Bedroom | 1BR,1BA | $1.45 |
| Alpine Studios | Andorra | Studio ,1BA | $2.23 |
| Furnished Studio-Indianapolis - Airport | Furnished Studio-Indianapolis - Airport | Studio ,1BA | $5.09 |
| Ashgrove Apartments | Studio | Studio ,1BA | $2.60 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleYour 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
Read ArticleQuick 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.
Pet Friendly LifestylePark Fletcher, Indianapolis, IN
Ranked #205
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,110.
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 $1,539.
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 15 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
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.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.




