Cheap Apartments for Rent in the Fletcher Place Neighborhood of Indianapolis, IN from $800 (72 Rentals)

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 126 E Vermont St

126 E Vermont St

IndianapolisIN46204

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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property at 1210 Dawson St

1210 Dawson St

IndianapolisIN46203

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!

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property at 103 N State Ave

103 N State Ave

IndianapolisIN46201
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Mayleeno
1 Bedroom Apartments

Mayleeno

416 E Vermont PlIndianapolis, IN 46202
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1354 Shelby St
1 Bedroom Apartments

1354 Shelby St

1354 Shelby StIndianapolis, IN 46203
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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 2 Beds unit found at Line Lofts priced from $962. Lofts on Madison has the second lowest priced unit, which is a Studio apartment currently listed from $1,099. Here are the most affordable Fletcher Place apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Line LoftsThe Inspiration 60% HOME2BR,1BA$962
Lofts on MadisonStudioStudio,1BA$1,099
Gathyr ApartmentsBatesStudio,1BA$1,199
Indy Colonial ApartmentsOne Bedroom1BR,1BA$1,200
The VueSTUDIO APARTMENTStudio,1BA$1,200
Rise on MeridianThe AmeliaStudio,1BA$1,210
The LeoThe EliStudio,1BA$1,285
PinnexS1Studio,1BA$1,296
Mozzo apartmentsModern Studio, Steps Away from Downtown and Fou...Studio,1BA$1,299

Best Value Apartments for Rent in Fletcher Place, IN

As of May 15, 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 Park Avenue Model at The Pointe on Mass starting at $2,370 with a $1.56 price per square foot in the Near North Indianapolis 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 Pointe on MassPark Avenue2BR,2BA$1.56
The Block1 Bedroom 1 Bath1BR,1BA$1.06
Five Twenty VirginiaK2BR,1BA$1.85
Wheeler LoftsT1BR,1BA$1.79
Line LoftsThe Intuition 60%2BR,1BA$1.53
Lockerbie Flats1 Bedroom1BR,2BA$1.48
The VueONE BEDROOM APARTMENT1BR,1BA$1.81
949 Prospect St, Unit Up949 Prospect St2BR,1BA$1.59
Indy Colonial ApartmentsOne Bedroom1BR,1BA$1.91

Quick 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.

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Pet Friendly Lifestyle
Fletcher Place, Indianapolis, IN

Ranked #17

Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving.com is happy to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities and towns, and rental properties across Indiana and customized analysis for Central Indianapolis, IN. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for the best outdoor access, luxury amenities, kid and pet-friendly communities, availability of transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Fletcher Place Neighborhood in Indianapolis, IN

Walk Score®

87 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

95 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

59 / 100

Good Transit

Many nearby public transportation options

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 Fletcher Place Apartments

What is the Cheapest Studio apartment in Fletcher Place?

Currently the most affordable Cheap Studio Apartment in Fletcher Place is at Lofts on Madison listed at $1,099.

How much is rent for a Cheap One Bedroom Fletcher Place Apartment?

The lowest price for a Cheap One Bedroom Fletcher Place Apartment is $1,199 at Lofts on Madison.

What is the lowest price for a Cheap Two Bedroom Fletcher Place Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Fletcher Place is starting from $962 at Line Lofts.

What is the most affordable Fletcher Place Three Bedroom Apartment?

The best deal on a cheap Fletcher Place Three Bedroom Apartment rental is at The Continental Towers at Vermont Place and starts from $2,495.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.