Cheap Apartments for Rent in the Fletcher Place Neighborhood of Indianapolis, IN from $800 (52 Rentals)

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

Fletcher Place

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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Mayleeno
1 Bedroom Apartments

Mayleeno

416 E Vermont PlIndianapolis, IN 46202
  • Utilities Included
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520 E Washington St
Studio to 2 Bedroom Apartments

520 E Washington St

520 E Washington StIndianapolis, IN 46204
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The Vue
Studio to 2 Bedroom Apartments

The Vue

718 E Georgia StIndianapolis, IN 46202
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Ohio Street TownHomes
1 to 3 Bedroom Apartments

Ohio Street TownHomes

1052 E Ohio StIndianapolis, IN 46202
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550 Fletcher Ave
2 Bedroom Apartments

550 Fletcher Ave

550 Fletcher AveIndianapolis, IN 46203
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Blacherne Apartments
1 to 2 Bedroom Apartments

Blacherne Apartments

402 N Meridian StIndianapolis, IN 46204
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The Pointe on Mass
1 to 2 Bedroom Apartments

The Pointe on Mass

551 Massachusetts AveIndianapolis, IN 46204
Showing Results 1-50, Page 1 of 2

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 Devonshire Apartments in Downtown Indianapolis priced from $840. Line Lofts has the second lowest priced unit, which is a 2 Beds apartment currently listed from $962. Here are the most affordable Fletcher Place apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Devonshire Apartments in Downtown Indianapolis1BR/1.0BA1BR,1BA$840
Line LoftsThe Inspiration 60% HOME2BR,1BA$962
Artistry IndyEdie (EcoSuite)Studio,1BA$968
Five Twenty VirginiaDStudio,1BA$1,065
The VueSTUDIO APARTMENTStudio,1BA$1,147
The AssemblyCylinder - Workforce1BR,1BA$1,175
Edge 35S2Studio,1BA$1,190
Gathyr ApartmentsBatesStudio,1BA$1,199
Lofts on MadisonStudioStudio,1BA$1,199
Rise on MeridianThe AmeliaStudio,1BA$1,205

Best Value Apartments for Rent in Fletcher Place, IN

As of April 16, 2025 the best value apartment in the Fletcher Place area is the $1.24 price per square foot 3 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $2,199. The second greatest value Fletcher Place apartment is the Park Avenue Model at The Pointe on Mass starting at $2,470 with a $1.63 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.
The Block3 Bedroom 2 Bath3BR,2BA$1.24
The Pointe on MassPark Avenue2BR,2BA$1.63
Maxwell ApartmentsLondon2BR,2BA$1.26
Penn Street Tower ApartmentsSenate: Floors 10-122BR,1BA$1.37
405 Sanders St, Unit A405 Sanders St2BR,1BA$1.35
Indy Colonial ApartmentsTwo Bedroom2BR,1BA$1.30
Line LoftsThe Intuition 60%2BR,1BA$1.42
Lockerbie Flats1 Bedroom1BR,2BA$1.48
The E'LaanThe Vonnegut II1BR,1BA$1.63
949 Prospect St, Unit Up949 Prospect St2BR,1BA$1.70

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Fletcher Place, Indianapolis, IN

Ranked #13

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 a cheap apartment in Fletcher Place?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Fletcher Place is under $1,205.

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

The cheapest apartment in Fletcher Place is Devonshire Apartments in Downtown Indianapolis which is listed at $840, while the average apartment in Fletcher Place costs $16,560.

What types of apartments are the cheapest in Fletcher Place?

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

How do the prices of cheap apartments compare to the average apartment in Fletcher Place?

Cheap apartments in Fletcher Place have an average cost of $113 which is $16,447 cheaper than the average rent for all rentals in Fletcher Place.

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.